GLOSSARY
A
accommodative function Fed efforts to meet credit needs of individuals and institutions, clearing checks, and supporting depository institutions
adjustable-rate mortgage (ARM) has an interest rate that changes or varies over time with market determined interest rates on a U.S. Treasury bill or other debt security
administrative inflation the tendency of prices, aided by union-corporation contracts, to rise during economic expansion and to resist declines during recessions
advance factoring factor pays the firm for its receivables before the account due date
aftermarket the period after a new issue is initially sold to the public; during this period, members of the syndicate may not sell the securities for less than the offering price
agency costs tangible and intangible expenses borne by shareholders because of the actual or potential selfserving actions of managers
agents the managers hired by the principals to run the firm
American depository receipt (ADR) receipt that represents foreign shares to U.S. investors
amortized loan a loan repaid in equal payments over a specified time period
annual percentage rate (APR) determined by multiplying the interest rate charged per period by the number of periods in a year
annual report contains descriptive information on operating ...
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