Related Words

Extraordinary Items: Nonoperating gains and losses that are unusual in nature, infrequent in occurrence, and material in amount.

Extraordinary Positive Value: An unusual and unexpected one-time event that must be explained to shareholders in an annual or quarterly report, e.g., employee fraud, a lawsuit, etc.

Prepaid Items: On a closing statement, items that have been paid in advance by the seller, such as insurance premiums and some real estate taxes, for which he or she must be reimbursed by the buyer.

Noncash Items: Items included in the determination of net income on an accrual basis that do not affect cash: examples are depreciation and amortization.

Extraordinary Item: Early redemption of a revenue bond because the revenue source paying the interest on the bond has been eliminated or has disappeared.

Cash-Equivalent Items: An accounting book that is composed of cash receipts plus disbursements. This balance is posted to the cash account in the ledger.

Accrued Items: In a closing statement, items of expense that are incurred but not yet payable, such as interest on a mortgage loan or taxes on real property.

Counterpart Items: Stocks whose price tends to rise when the economy is in recession or the market is bearish, and vice versa.

Extraordinary Call: A dividend that is paid in addition to a firm's established or expected quarterly dividend.

Cash Flow Matching: A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securi . . . View Full Definition