Exam #1 Managerial Finance

Descrição

Vocabulary covering the first part of Managerial Finance
merleschm
FlashCards por merleschm, atualizado more than 1 year ago
merleschm
Criado por merleschm aproximadamente 9 anos atrás
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Resumo de Recurso

Questão Responda
What is a corporation? A legal entity created by a state, separate and distinct from its owners and managers, having unlimited life, easy transferability of ownership, and limited liability.
What is a money market? The financial market in which funds are borrowed or loaned for short periods (less than one year).
What are Futures Markets? The markets in which participants agree today to buy or sell an asset at some future date.
What is a Mutual Fund? Organizations that pool funds which are collected by investors, to purchase securities such as stocks, bonds, money market instruments and similar assets and thus reduce risks through diversification.
Fixed Assets Turnover Ratio The ratio of sales to net fixed assets. It measures how effectively the firm uses its plant and equipment.
What is an annuity? A contractual financial product sold by financial institutions that is designed to accept and grow funds from an individual and then pay out a stream of payments at a later date. (A series of equal payments at fixed intervals for a specified number of periods.)
What is a zero-coupon bond? A bond that pays no annual interest but is sold at a discount below par, thus compensating investors in the form of capital appreciation. Free of reinvestment risk.
What is a Treasury Bill? It is a short-term debt obligation backed by the U.S. government with a maturity of less than one year and zero risk.

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