Create an account
a written order for the bank to pay a third party a stated amount of money on a specific date
a financial statement that projects income and/or expenditures over a specified future period
a financial statement that estimates a firm's expenditures for major assets and its long-term financing needs
a financial statement that projects cash receipts and expenditures over a specified period
certificate of deposit (CD)
a document stating that the bank will pay the depositor a guaranteed interest rate for money left on deposit for a specified period of time.
a written order for a bank or other financial institution to pay a stated dollar amount to the business or person indicated on the face of the check
chief financial officer (CFO)
a high-level corporate executive who manages a firm's finances and reports directly to the company's chief executive officer or president
convertible preferred stock
preferred stock that the owner may exchange for a specified number of shares of common stock
a corporation's written pledge that it will repay a specified amount of money with interest
a card that electronically subtracts the amount of your purchase from your bank account at the moment the purchase is made
electronic funds transfer (EFT) system
a means of performing financial transactions through a computer terminal or telephone hookup
initial public offering (IPO)
when a corporation sells common stock to the general public for the first time
investment banking firm
an organization that assists corporations in raising funds, usually by helping sell new issues of stocks, bonds, or other financial securities
letter of credit
: a legal document issued by a financial institution guaranteeing to pay a seller a stated amount for a specified period of time
occurs when stock and other corporate securities are sold directly to insurance companies, pension funds, or large institutional investors
a written pledge by a borrower to pay a certain sum of money to a creditor at a specified future date
a ratio based on the principle that a high-risk decision should generate higher financial returns for a business and more conservative decisions often generate lesser returns
a sum of money to which deposits are made each year for the purpose of redeeming a bond issue
the time lag between the actual production of goods and when the goods are sold
a promissory note that requires a borrower to repay a loan in monthly, quarterly, semiannual, or annual installments
a type of short-term financing extended by a seller who does not require immediate payment after delivery of merchandise
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