Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
15 Cards in this Set
- Front
- Back
|
investment bank |
organization that underwrites and distributes new investment securities and helps businesses obtain finanancing |
|
|
commercial bank |
traditional department store of finance serving a variety of savers and borrowers |
|
|
financial services corporations |
a firm that offers a wide range of financial services, including investment banking, brokerage operations, insurance, and commercial banking |
|
|
credit untions |
member-owned, non-profit based cooperative associations (cheap for borrowers) |
|
|
pension funds |
retirement plans funded by corporations |
|
|
life insurance companies |
savings in the form of annual premiums which are invested and payments made to beneficiaries of insured parties |
|
|
mutual fund |
organizations that pool investor funds to purchase financial instruments and thus reduce risk through diversification |
|
|
money market funds |
mutual funds that invest in short term low risk securities and allow investors to write checks against their accounts |
|
|
exchange traded funds |
like mutual fund but traded in real time, buy stock of a certain type/theme |
|
|
hedge funds |
minimal regulation, large investments |
|
|
private equity companies |
venture capitalists, buy and manage entire firms |
|
|
accrual |
accounting event happens but cash hasn't flowed |
|
|
deferral |
cash flow occurred but accounting event hasn't occurred yet |
|
|
note payable |
owed within 12 months, includes current debt and current portion of long-term debt |
|
|
free cash flow |
amt of cash that could be withdrawn w/o harming a firms ability to operate and produce future cash flows |
