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Assuris |
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Definition of AssurisAssurisassuris is a not for profit organization that protects Canadian policyholders in the event that their life insurance company should become insolvent. Their role is to protect policyholders by minimizing loss of benefits and ensuring a quick transfer of their policies to a solvent company where their benefits will continue to be honoured. assuris is funded by the life insurance industry and endorsed by government. If you are a Canadian citizen or resident, and you purchased a product from a member life insurance company in Canada, you are protected by assuris.
Related Terms:control premiumthe additional Value inherent in the control interest as contrasted to a minority interest, which reflects its power of control CARs (cumulative abnormal returns)a measure used in academic finance articles to measure the excess returns an investor would have received over a particular time period if he or she were invested in a particular stock. economic components modelAbrams’ model for calculating DLOM based on the interaction of discounts from four economic components. markupthe period after an announcement of a takeover bid in which stock prices typically rise until a merger or acquisition is made (or until it falls through). Ordinary least squares (OLS)regression analysis a statistical technique that minimizes the sum of the squared deviations between a dependent variable and one or more independent variables and provides the user NPV (net present value of cash flows)Same as PV, but usually includes a subtraction for an initial cash outlay. PV (present value of cash flows)the Value in today’s dollars of cash flows that occur in different time periods. runupthe period before a formal announcement of a takeover bid in which one or more bidders are either preparing to make an announcement or speculating that someone else will. Accounts payableMoney owed to suppliers. Accounts receivableMoney owed by customers. Accounts receivable turnoverThe ratio of net credit sales to average accounts receivable, a measure of how Accumulated Benefit Obligation (ABO)An approximate measure of the liability of a plan in the event of a Additional hedgeA protection against borrower fallout risk in the mortgage pipeline. Adjusted present value (APV)The net present Value analysis of an asset if financed solely by equity After-tax profit marginThe ratio of net Income to net sales. All equity rateThe discount rate that reflects only the business risks of a project and abstracts from the All or noneRequirement that none of an order be executed unless all of it can be executed at the specified price. All-in costTotal costs, explicit and implicit. All-or-none underwritingAn arrangement whereby a security issue is canceled if the underwriter is unable American Depositary Receipts (ADRs)Certificates issued by a U.S. Depositary bank, representing foreign American optionAn option that may be exercised at any time up to and including the expiration date. American sharesSecurities certificates issued in the U.S. by a transfer agent acting on behalf of the foreign American Stock Exchange (AMEX)The second-largest stock exchange in the United States. It trades American-style optionAn option contract that can be exercised at any time between the date of purchase and Annual fund operating expensesFor investment companies, the management fee and "other Expenses," Asset allocation decisionThe decision regarding how an institution's funds should be distributed among the At-the-moneyAn option is at-the-money if the strike price of the option is equal to the market price of the Authorized sharesNumber of shares authorized for issuance by a firm's corporate charter. Average age of accounts receivableThe weighted-average age of all of the firm's outstanding invoices. Average cost of capitalA firm's required payout to the bondholders and to the stockholders expressed as a Average lifealso referred to as the weighted-average life (WAL). The average number of years that each Back-up1) When bond yields and prices fall, the market is said to back-up. Balloon maturityany large principal payment due at maturity for a bond or loan with or without a a sinking BankruptcyState of being unable to pay debts. Thus, the ownership of the firm's assets is transferred from Bankruptcy cost viewThe argument that expected indirect and direct bankruptcy costs offset the other Bankruptcy riskThe risk that a firm will be unable to meet its debt obligations. also referred to as default or insolvency risk. Bankruptcy viewThe argument that expected bankruptcy costs preclude firms from being financed entirely Base probability of lossThe probability of not achieving a portfolio expected return. Basic business strategieskey strategies a firm intends to pursue in carrying out its business plan. Before-tax profit marginThe ratio of net Income before taxes to net sales. Blue-chip companyLarge and creditworthy company. Bond valueWith respect to convertible bonds, the Value the security would have if it were not convertible Book profitThe cumulative book Income plus any gain or loss on disposition of the assets on termination of the SAT. Book valueA company's book Value is its total assets minus intangible assets and liabilities, such as debt. A Book value per shareThe ratio of stockholder equity to the average number of common shares. Book Value Borrower falloutIn the mortgage pipeline, the risk that prospective borrowers of loans committed to be Bottom-up equity management styleA management style that de-emphasizes the significance of economic Business cycleRepetitive cycles of economic expansion and recession. Business failureA business that has terminated with a loss to creditors. Business riskThe risk that the cash flow of an issuer will be impaired because of adverse economic BuyoutPurchase of a controlling interest (or percent of shares) of a company's stock. A leveraged buy-out is CableExchange rate between British pounds sterling and the U.S.$. CalendarList of new issues scheduled to come to market shortly. Calendar effectThe tendency of stocks to perform differently at different times, including such anomalies as CallAn option that gives the right to buy the underlying futures contract. Call an optionTo exercise a call option. Call dateA date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond Call money ratealso called the broker loan rate , the interest rate that banks charge brokers to finance Call optionAn option contract that gives its holder the right (but not the obligation) to purchase a specified Call priceThe price, specified at issuance, at which the issuer of a bond may retire part of the bond at a Call priceThe price for which a bond can be repaid before maturity under a call provision. Call protectionA feature of some callable bonds that establishes an initial period when the bonds may not be Call provisionAn embedded option granting a bond issuer the right to buy back all or part of the issue prior Call riskThe combination of cash flow uncertainty and reinvestment risk introduced by a call provision. Call swaptionA swaption in which the buyer has the right to enter into a swap as a fixed-rate payer. The CallableA financial security such as a bond with a call option attached to it, i.e., the issuer has the right to Canadian agenciesAgency banks established by canadian banks in the U.S. CapAn upper limit on the interest rate on a floating-rate note. CapitalMoney invested in a firm. Capital accountNet result of public and private international investment and lending activities. Capital allocationdecision allocation of invested funds between risk-free assets versus the risky portfolio. Capital asset pricing model (CAPM)An economic theory that describes the relationship between risk and Capital budgetA firm's set of planned capital expenditures. Capital budgetingThe process of choosing the firm's long-term capital assets. Capital expendituresAmount used during a particular period to acquire or improve long-term assets such as Capital flightThe transfer of capital abroad in response to fears of political risk. Capital gainWhen a stock is sold for a profit, it's the difference between the net sales price of securities and Capital gains yieldThe price change portion of a stock's return. Capital leaseA lease obligation that has to be capitalized on the balance sheet. Capital lossThe difference between the net cost of a security and the net sale price, if that security is sold at a loss. Capital marketThe market for trading long-term debt instruments (those that mature in more than one year). Capital market efficiencyReflects the relative amount of wealth wasted in making transactions. An efficient Capital market imperfections viewThe view that issuing debt is generally valuable but that the firm's Capital market line (CML)The line defined by every combination of the risk-free asset and the market portfolio. Capital rationingPlacing one or more limits on the amount of new investment undertaken by a firm, either Capital structureThe makeup of the liabilities and stockholders' equity side of the balance sheet, especially Capital surplusAmounts of directly contributed equity capital in excess of the par Value. CapitalizationThe debt and/or equity mix that fund a firm's assets. Capitalization methodA method of constructing a replicating portfolio in which the manager purchases a Capitalization ratiosalso called financial leverage ratios, these ratios compare debt to total capitalization Capitalization tableA table showing the capitalization of a firm, which typically includes the amount of CapitalizedRecorded in asset accounts and then depreciated or amortized, as is appropriate for expenditures Capitalized interestInterest that is not immediately Expensed, but rather is considered as an asset and is then CarA loose quantity term sometimes used to describe a the amount of a commodity underlying one CARDsCertificates of Amortized Revolving Debt. Pass-through securities backed by credit card receivables. CarryRelated:net financing cost. Carring costsCosts that increase with increases in the level of investment in current assets. Carrying valueBook Value. CARsCertificates of Automobile Receivables. Pass-through securities backed by automobile receivables. CashThe Value of assets that can be converted into cash immediately, as reported by a company. Usually Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |