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Accounting Vocab.
Ch. 10 & 11 Financial Accounting, Needles/Powers
49
Accounting
Undergraduate 2
12/08/2011

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Term
callable bonds
Definition
bonds corporations can buy back at a call price before maturity date
Term
call price
Definition
price above face value at which a cprporation can buy back its bonds before maturity
Term
capital lease
Definition
long term lease that owner takes the risk of ownership
Term
convertible bonds
Definition
bonds that can be exchanged for the corporations common stock
Term
coupon bonds
Definition
bonds not registered with the organization stating the amout of intrest due and payment date
Term
discount
Definition
amount of money sold that is less than bonds face value
Term
deferred income taxes
Definition
result of using different methods to calulate income taxes
Term
effective intrest method
Definition
method of amortizing bond discounts or premiums that applies a constant interest rate to the bods current value
Term
face interst rate
Definition
fixed rate of intrest paid to bondholders
Term
market interst rate
Definition
the rate of interst paid in market on bonds
Term
mortgage
Definition
debt secured by real property
Term
off balance sheet financing
Definition
making long term debts so they dont appear as liabilities on the balance sheet
Term
operating lease
Definition
short term lease in which the lessor takes the risk of ownership
Term
pension fund
Definition
fund established by contributions of an employer to be paid to employees after retirement
Term
pension plan
Definition
contract requiring a company to pay benefits to its emplyees after they retire
Term
premium
Definition
price of bond sold above face value
Term
registered bonds
Definition
bonds that the issuing company registers in the names of the bondholders
Term
secured bonds
Definition
bonds that guarantee repayment
Term
serial bonds
Definition
bonds in one issue that mature on different dates
Term
straight line method
Definition
method of amortizing bond discounts or premiums that allocate dis. or pre. over life of the bond
Term
term bonds
Definition
bonds in one issue that mature at the same time
Term
unsecured bonds
Definition
bonds issued on an organizations general credit
Term
zero coupon bonds
Definition
bonds that do not pay periodic interest but pay a fixed amount on the maturity date
Term
authorized shares
Definition
the max number of shares a coporation can issue with a change in its state charter
Term
callable preferred stock
Definition
stock that the issuing corporation can redeem or retire at a set price
Term
common stock
Definition
shares of stock that carry voting rights
Term
convertible preferred stock
Definition
stock on which unpaid dividends accumulate over time must be payed first
Term
declaration date
Definition
date on which a board of directors declares a dividend
Term
divident
Definition
distibution of a corporations assests
Term
dividends in arrears
Definition
past dividnds on cumulative preferred stock that remain unpaid
Term
double taxation
Definition
taxing of corporate earnings twice, once as income and once as income in the form of dividends
Term
ex dividend
Definition
descrption of stock between the record date and the date of payment, during which the dividend stays with the owner
Term
initial public offering
Definition
a companiesfirst issue of capital stock to the public
Term
issued shares
Definition
shares of stock sold or otherwise transferred to stockholders
Term
legal capital
Definition
the number of shares of stock issued times the par value
Term
liquidating dividend
Definition
dividend that exceeds retained earnings and that a corporation usually pays only when going out of business
Term
noncumulative preferred stock
Definition
preferred stock that doesnt oblige the issuer to make up a missed dividend
Term
no par stock
Definition
capital stock that doesnt have a par value
Term
par value
Definition
arbitrary amount assigned to each share of stock
Term
payment date
Definition
date on which a dividend is payed
Term
record date
Definition
date on which ownership of stock is determined
Term
residual equity
Definition
equity of common stockholders after all other claims have been satisfied
Term
share of stock
Definition
a unit of ownership in a corporation
Term
start up and organization costs
Definition
the costs of forming a corporation
Term
stated value
Definition
value that a board of directors assigns to no par stock
Term
stock certificates
Definition
documents issued to stockholders showing the number of shares that they own
Term
stock option plans
Definition
plans that give employees the right to purchase their companies stock under specified terms
Term
treasurey stock
Definition
capital stock either common or preferred that the issueing company has reacquired and not resold
Term
underwriter
Definition
intermediary between the corporation and the investing public who facilitates an issue of stock for a fee
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