Related Words

Effective Date: The date your insurance is to actually begin. You are not covered until the policies effective date.

Forecast Start Date: The period of time for which a business is modeled. Depending on the forecast start month, the first year of the forecast period may not be a complete forecast year. See also Forecast Year.

Good Through-Until Date Order: Federal funds that clear on the same day, unlike clearinghouse funds, which require three days to clear.

Fixed Dates: Expenses that are assumed not to vary with sales volume within the expected range of sales volumes, such as rent or administrative costs. This is an important concept in breakeven analysis a . . . View Full Definition

First Call Date: With collateralized mortgage obligation (C.M.O.s), the start of the cash flow cycle for the cash flow window.

Holder Of Record Date: To maintain ownership of a security over a long period of time. 'Hold' is also a recommendation of an analyst who is not positive enough on a stock to recommend a buy, but not negative enoug . . . View Full Definition

International Date Line: At 180 degrees longitude, the date on one side of this imaginary line, running from the north to the south pole, is different from the other. The line runs through the pacific ocean, and bec . . . View Full Definition

Mandated Reporter: Individuals required by state statutes to report suspected child abuse and neglect to the proper authorities (usually CPS or law enforcement agencies). Mandated reporters typically include p . . . View Full Definition

Liquidated Damages: A definite amount of damages, set forth in a contract, to be paid by the party breaching the contract. A pre-determined estimate of actual damages from a breach.

Julian Date: Technique for the identification of successive days of the year when monthly notation is not desired. This is especially applicable in computer data processing and acquisition where indexing . . . View Full Definition