Related Words

Variable Cost: Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio.

Variable Costs: Operating expenses that fluctuate with occupancy, such as utilities and maintenance costs.

No Net Cost Tobacco Act Of 1982: P.L. 97-218 (July 20, 1982) required that the tobacco price support program operate at no net cost to taxpayers, other than for the administrative expenses common to all price support progra . . . View Full Definition

Non-Recurring Adoption Costs: One time adoption expenses, which may be at least partially reimbursed by states up to a maximum amount to families adopting children with special needs. Allowable expenses for this reimburs . . . View Full Definition

Normal Random Variable: A random variable that has a normal probability distribution.

No Net Cost: A provision requiring that a price support program be operated at no cost to the federal government. The No-Net-Cost Tobacco Act of 1982 required the participants in the 1982 and subsequent . . . View Full Definition

Net Financing Cost: Also called the cost of carry or, simply, carry, the difference between the cost of financing the purchase of an asset and the asset's cash yield. Positive carry means that the yield earned . . . View Full Definition

Modified Accelerated Cost Recovery System (MACRS): A 1986 act that set out rules for the depreciation of qualifying assets, allowing for greater acceleration over longer periods of time.

Opportunity Cost: The potential benefit that is foregone from not following the best (financially optimal) alternative course of action.

Net Interest Cost (NIC): The total amount of interest that will be paid on a debt obligation by a corporate or municipal bond issuer.