"A" Financial Words

Question 1

ABM

Answer 1

automated banking machine

Question 2

accept

Answer 2

agree to meet (a draft or bill of exchange) by signing it

Question 3

acceptance

Answer 3

agreement to meet a draft or bill of exchange, effected by signing it

Question 4

acceptor

Answer 4

a person or bank that accepts a draft or bill of exchange

Question 5

account

Answer 5

1. a record or statement of financial expenditure or receipts relating to a particular period or purpose
2. an arrangement by which a body holds funds on behalf of a client or supplies goods or services to the client on credit (a bank account)
3. a contract to do work periodically for a client

Question 6

accountant

Answer 6

a person whose job is to keep or inspect financial accounts

Question 7

account executive

Answer 7

a business executive who manages the itnrests of a particular client, typically in advertising

Question 8

accounting

Answer 8

the action or process of keeping financial accounts

Question 9

accounts payable

Answer 9

money owed by a company to its creditors

Question 10

accounts receivable

Answer 10

money owed to a company by its debtors

Question 11

accrue

Answer 11

1. be received by someone in regular or increasing amounts over time
   
   • interest on your account will accrue at the rate of 2%
2. ​make provision for ( a charge) at the end of a financial period for work that has been done but not yet invoiced

Question 12

acct.

Answer 12

abbreviation for

1. accounting
2. accountant

Question 13

accumulation

Answer 13

the growth of a sum of money by the regular addition of interest

Question 14

acquire

Answer 14

buy or obtain (an asset or object) for oneself

Question 15

acquisition

Answer 15

1. an act of purchase of one company by another
2. buying or obtaining an asset or object

Question 16

acquisition accounting

Answer 16

a procedure in accounting in which the value of the assets of a comapny is changed after a takeover from book to fair market level

Question 17

active

Answer 17

1. (of a bank account) in continuous use
2. denoting a style of investing in which the individual or mututal fund manager actively makes investment decisions to buy and sell stocks or other securities in order to maximize returns

Question 18

actuary

Answer 18

a person who compiles and analyzes statistics and uses them to calculate insurance risks and premiums

Question 19

adjustable rate mortgage

Answer 19

1. a mortgage agreement between a lender, usually a financial institution, and a purchaser of real estate, allowing for predetermined adjustments of the interest rate at specified intervals
2. aka variable-rate mortgage

Question 20

ADR

Answer 20

american depository receipts

Question 21

ad valorem

Answer 21

1. (of the levying of tax or custom duties) in proportion to the estimated value of the goods of transaction concerned
2. according to value

Question 22

advice

Answer 22

a formal notice of a financial transaction (remittance advice)

Question 23

affinity card

Answer 23

a credit card carrying the name of an organization to which a portion of the money spent using the card is paid to the issuing organization

Question 24

aftermarket

Answer 24

1. the market for shares and bonds after their original issue
2. the market for spare parts, accessories, and components

Question 25

against

Answer 25

in relation to (an amount of money owed or due) so as to reduce or cancel it

money was advanced against the value of the property

Question 26

AMT (alternative minimum tax)

Answer 26

introduced to prevent companies and individuals from using deductions and credits to pay no tax

Question 27

American depository receipt (ADR) or American depository share (ADS)

Answer 27

a negotiable certificate of title to a number of shares in a non-US company that are deposited in an overseas bank

Usage: instead of buying shares in foreign-based companies through an overseas market, Americans can use their domestic broker or discount brokerage to buy ADRs, denominated in US dollars, for hundreds of stocks from many countries. This avoids currency conversion, additional fees, unfamiliar tax conventions, and cumbersome or unreliable procedures.

Question 28

Amex

Answer 28

American Stock Exchange

Question 29

amortize

Answer 29

1. reduce or extinguish (a debt) by money regularly put aside
2. gradually write off the initial cost of an asset

Question 30

annualized

Answer 30

(of a rate of interest, inflation, or return on an investment) recalculated as an annual rate

Question 31

Annual Percentage Rate (APR)

Answer 31

the annual rate of interest applied by a lender to a loan or other form of credit

Question 32

annuitant

Answer 32

a person who receives an annuity

Question 33

annuity

Answer 33

1. a fixed sum of money paid to someone each year, typically for the rest of their life
   
   • he left her an annuity of $1,000 in his will
2. ​a form of insurance or investment entitling the investor to a series of annual sums
   
   • an annuity plan