Related Words

Foreign Sales Corporation (FSC): A measure of foreign market risk that is derived from the capital asset pricing model.

Number Of Days Sales In Receivables: A measure of the average number of days it takes to collect a credit sale: computed by dividing 365 days by the accounts receivable turnover.

Number Of Days Sales Invested In Working Capital: An alternative measure of the amount of working capital used in generating the sales of a period: computed by dividing 365 days by the working capital turnover.

Net Sales Transaction: Refers to over-the-counter trading. Securities deal in which the quoted prices include commissions (i.e., OTC); looked at another way, the buyer and seller do not pay fees or commissions in . . . View Full Definition

National Securities Clearing Corporation (NSCC): A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations.

National Association Of Investors Corporation: A Michigan-based association that helps groups establish investment clubs.

Options Clearing Corporation (OCC): The Options Clearing Corporation issues all exchange-listed securities options in the United States and guarantees all transactions in those options. The OCC also assigns exercised options f . . . View Full Definition

Net Sales: Sales revenue less sales discounts and credit card fees.

Pension Benefit Guaranty Corporation (PBGC): The PBGC was created to ensure that participants in defined benefit pension plans under its jurisdiction will receive at least a basic pension if the plans are terminated because they’re und . . . View Full Definition

Private Export Funding Corporation (PEFCO): Company that mobilizes private capital for financing the export of big-ticket items by U.S. firms by purchasing at fixed interest rates the medium- to long-term debt obligations of importers . . . View Full Definition