- in general: two companies are affiliated when one owns less than the majority of the voting stock of the other or when both are subsidiaries of a third company a subsidiary is a company of which more than 50% of the voting Shares are owned by another Corporation Charmed the parent company a subsidiary is always by definition an affiliate but subsidiary is the preferred term when majority control exist in everyday use affiliate is the correct word for intercompany relationships however indirect where the parents of Syd Berry relationship does not exist
- Banking Act of 1933: any organization that bank owns or controls buy stock Holdings or which the bank’s shareholders own or whose officers are also directors of the bank
- Internal Revenue Service: for purposes of Consolidated tax returns and Affiliated group is composed of companies whose parent or other inclusive corporation owns at least 80% of voting stock
- Interstate Commerce Commission account 706:
- controlled by the accounting company alone or with others under a joint agreement
- controlling the accounting company alone or with others under a joint agreement
- Investment Company Act: company in which there is any direct or indirect ownership of 5% or more of the outstanding voting securities
Adjusted Balance Method
formula for calculating finance charges based on account balance remaining…
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preferred stock whose dividend it said of being fixed is…
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mortgage agreement between a financial institution in a real estate…
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contract between participating members of an investment banking Syndicate sometimes…
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mutual fund holding stocks of rapidly growing companies while these…
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securities issued by US Government sponsored entities( gse’s) end federally…
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amount of money adjusted for inflation that an investor can…
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trading of stocks and bonds after regular trading hours on…
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clause in a mortgage agreement providing that any additional mortgage…
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standard established by the National Association of Realtors( Nar) to…
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financial industry regulatory Authority( finra) requirement that market-makers quote firm…
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brokerage account in which Brokers discretion in making investment decisions…
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tendency of people with significant potential to file claims wanting…
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government securities exchange of return government securities prior to their…
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financial industry regulatory Authority (finra) automated surveillance system used to…
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book value adjusted for market value on the balance sheet
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court-appointed individual or bank charged with carrying out the Court’s…
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income on which an individual or couple computes federal income…
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life insurance that gives a policyholder power to change the…
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contributions made by an employee into a tax-deferred savings account…
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Investment Management where the portfolio manager actively makes investment decisions…
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collateral available for securing Brokers loans or customers margin positions…
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run by the financial industry regulatory Authority (finra) Aces passes…
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dividend due, usually to Holders a cumulative preferred stock but…
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estimated liability of a pension plan assuming immediate termination differs…
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ratio obtained by dividing total credit sales by accounts receivable…
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short-term financing whereby accounts receivable serve as collateral for working…
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statement signed by an independent public accountant describing the scope…
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Federal Reserve policy to increase the amount of money available…
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