Finance

Finance

Industry: Financial services

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Finance

Cost of debt ratio (average cost of debt ratio)

Financial services; Finance

Despite the different variations used for this term (cost of debt, cost of debt ratio, average cost of debt ratio, etc) the term normally and simply refers to the interest expense over a given period ...

Capital employed

Financial services; Finance

The value of all resources available to the company, typically comprising share capital, retained profits and reserves, long-term loans and deferred taxation.

Cashflow

Financial services; Finance

The movement of cash in and out of a business from day-to-day direct trading and other non-trading or indirect effects, such as capital expenditure, tax and dividend payments.

Current assets

Financial services; Finance

Cash and anything that is expected to be converted into cash within twelve months of the balance sheet date.

Floating rate

Financial services; Finance

Any interest rate that changes on a periodic basis. The change is usually tied to movement of an outside indicator, such as the prime interest rate. Movement above or below certain levels is often ...

Lender of last resort

Financial services; Finance

An institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered highly risky or near collapse. ...

Excess reserve

Financial services; Finance

Capital reserves held by a bank or financial institution in excess of what is required by regulators, creditors or internal controls. For commercial banks, excess reserves are measured against ...