Running Total Financial Glossary

What is it? Cumulative total of records up to and including the current screen.

Finance Term Definition Added By: Sebastian

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Other Similar Finance Terms:

Financial Term Municipal Bond is A bond issued by a state or a political subdivision, such as a county, city, town, or village. The term also designates bonds issued by state agencies and authorities. Interest payments from municipal bonds are generally free from federal income taxation.

Financial Term Annualised values is A standard length accounting period is taken to be 12 months or 52 weeks. To enable different periods within the 7-year performance table to be reasonably compared, all relevant values for a non-standard period are arithmetically converted to an annualised basis; this includes the consensus forecasts. For example, a turnover value of 60m for a reported 9-month period, becomes 80m on an annualised basis. Annualised values must, however, be regarded with caution, since they can signify seasonal variations in performance which a year-end change is often intended to smooth out. The detailed individual broker forecasts, shown separately, are not converted in this way, and remain as reported by each broker (subject to any adjustment for share capital charges). Attention is drawn to footnotes describing the circumstances and period to which individual forecasts relate. Similarly, values given in the shaded panel for last historic normalised EPS, turnover and pre-tax profits remain as reported by the company. When a suffix indicates a non-standard period, and its length in months, these three values are

Financial Term Annual cap is A limit on the amount of adjustment in the interest rate on an adjustable rate mortgage over a twelve-month period. Also called cap, payment cap.

Financial Term LongTerm Bonds is Generally, bonds with maturities in excess of ten years. They usually pay investors higher yields than shorter-term bonds, but they tend to be more sensitive to interest-rate changes (see Bond).

Financial Term progress payments is Progress payments are payments made by the purchaser in stages as the seller acquires or builds the property to be sold. A written purchase agreement or contract establishes the sellers rights to claim payments before the property is delivered to the buyer. When the Federal government is making progress payments, the purchase contracts usually include standard clauses that affect secured lenders. These clauses provide that title to all materials, inventory, fixtures, and equipment that are chargeable to the government contract vests in the government.