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Asset Swap
The term asset swap has a number of different meanings: *In accounting, it refers to an exchange of tangible for intangible assets. *In finance, it refers to the exchange of the flow of payments from a given security (the asset) for a different set of cash flows. *In corporate transactions, it refers to two companies swapping different businesses of similar value with each other. Accounting In financial accounting, an asset swap is an exchange of tangible assets for intangible assets or vice versa. Since it is a swap of assets, the procedure takes place on the active side of the balance sheet and has no impact on the latter in regard to volume. As an example, a company may sell equity and receive the value in cash, thus increasing liquidity. A company often utilizes this method when in need for money to invest ( internal financing) or to pay off debts. Finance In finance, the term asset swap has a particular meaning. When one refers to an asset swap, one has in mind the exchan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tangible Asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. ''Total assets'' can also be called the ''balance sheet total''. Assets can be grouped into two major classes: tangible assets and in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clean Price
In finance, the clean price is the price of a bond excluding any interest accrued since bond's issuance and the most recent coupon payment. Comparatively, the dirty price is the price of a bond including the accrued interest. Therefore, : In Bloomberg Terminal or Reuters, bond prices are quoted using the clean price. Traders tend to think of bonds in terms of their clean prices. Clean prices are more stable over time than dirty prices. When clean prices change, it is for an economic reason such as a change in interest rates or the bond issuer's credit quality. Dirty prices change day to day depending on the date relative to the coupon payment dates, as well as economic reasons. Example Price example: XYZ Ltd. issues a bond with a $1000 face value and a $980 published price, with a coupon rate of 5% paid semi-annually and a maturity date of five years. The annual coupon payment is 5% of $1000, or $50. The investor receives a $25 coupon payment every six months until th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. ''Total assets'' can also be called the ''balance sheet total''. Assets can be grouped into two major classes: Tangible property, tangib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swap (finance)
In finance, a swap is an agreement between two counterparty, counterparties to trade, exchange financial instruments, cashflows, or payments for a certain time. The instruments can be almost anything but most swaps involve cash based on a notional principal amount.Financial Industry Business Ontology Version 2 , Annex D: Derivatives, EDM Council, Inc., Object Management Group, Inc., 2019 The general swap can also be seen as a series of forward contracts through which two parties exchange financial instruments, resulting in a common series of exchange dates and two streams of instruments, the ''legs'' of the swap. The legs can be almost anything but usually one leg involves cash flows based on a notional principal amount that both parties agree to. This principal usu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest
In finance and economics, interest is payment from a debtor or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay to the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit (economics), profit or Reserve (accounting), reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to debt, borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Debt
A country's gross government debt (also called public debt or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to stimulus measures during the Great Recession, and the COVID-19 recession. Governments may take on debt when the government's spending desires do not match government revenue flows. Taking deb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Wimpey
George Wimpey Limited was a British construction firm that typically worked in the civil engineering and housebuilding markets. It was, during the 1970s, the largest homebuilder active in the UK. Established in 1880 and originally based in Hammersmith, the company's early activities were orientated around its road surfacing contractor role, as well as civil engineering, such as the construction of the White City Stadium complex and similar facilities. Following the death of George Wimpey in 1913, the business was acquired from the Wimpey family by Godfrey Mitchell in 1919. Mitchell would head the company for over half a century, making several key decisions such as to enter the private housebuilding sector during the 1920s. During 1934, George Wimpey went public on the London Stock Exchange; however, an unusual ownership scheme was enacted, under which the charitable Tudor Trust held about half of the firm's shares, an arrangement that lasted for several decades. Throughout ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tarmac Group
Tarmac Group Limited was a British building materials company headquartered in Wolverhampton, United Kingdom. It produced road surface, road surfacing and heavy building materials including Construction aggregate, aggregates, concrete, cement and lime (material), lime, as well as operating as a road construction and road#Maintenance, maintenance subcontractor. The company was formerly listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. The company was founded in 1903 by Edgar Purnell Hooley two years after he patented the road surfacing material Tarmacadam, tarmac. The company grew quickly, first being Listing (finance), listed on the Birmingham Stock Exchange in 1913 and on the London Stock Exchange in 1922. Despite intense competition and other challenging factors, Tarmac expanded both geographically and in its range of services, particularly as a consequence of intense demands of the Second World War. By 1953, Tarmac was processing over two ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swap (finance)
In finance, a swap is an agreement between two counterparty, counterparties to trade, exchange financial instruments, cashflows, or payments for a certain time. The instruments can be almost anything but most swaps involve cash based on a notional principal amount.Financial Industry Business Ontology Version 2 , Annex D: Derivatives, EDM Council, Inc., Object Management Group, Inc., 2019 The general swap can also be seen as a series of forward contracts through which two parties exchange financial instruments, resulting in a common series of exchange dates and two streams of instruments, the ''legs'' of the swap. The legs can be almost anything but usually one leg involves cash flows based on a notional principal amount that both parties agree to. This principal usu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Swap Spread
The term asset swap has a number of different meanings: *In accounting, it refers to an exchange of tangible for intangible assets. *In finance, it refers to the exchange of the flow of payments from a given security (the asset) for a different set of cash flows. *In corporate transactions, it refers to two companies swapping different businesses of similar value with each other. Accounting In financial accounting, an asset swap is an exchange of tangible assets for intangible assets or vice versa. Since it is a swap of assets, the procedure takes place on the active side of the balance sheet and has no impact on the latter in regard to volume. As an example, a company may sell equity and receive the value in cash, thus increasing liquidity. A company often utilizes this method when in need for money to invest ( internal financing) or to pay off debts. Finance In finance, the term asset swap has a particular meaning. When one refers to an asset swap, one has in mind the exchan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accrued Interest
In finance, accrued interest is the interest on a bond or loan that has accumulated since the principal investment, or since the previous coupon payment if there has been one already. For a type of obligation such as a bond, interest is calculated and paid at set intervals (for instance annually or semi-annually). However ownership of bonds/loans can be transferred between different investors at any time, not just on an interest payment date. After such a transfer, the new owner will usually receive the next interest payment, but the previous owner must be compensated for the period of time for which he or she owned the bond. In other words, the previous owner must be paid the interest that accrued before the sale. This is generally done in one of two ways, depending on market convention: # In addition to the quoted price, the buyer pays the seller an additional amount equal to the interest accrued up to the date of sale, ''or'' # That adjustment is not made, but the value o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intangible Asset
An intangible asset is an asset that lacks physical substance. Examples are patents, copyright, exclusive franchises, Goodwill (accounting), goodwill, trademarks, and trade names, reputation, Research and development, R&D, Procedural knowledge, know-how, organizational capital as well as any form of digital asset such as software and data. This is in contrast to physical assets (machinery, buildings, etc.) and financial assets (government securities, etc.). Intangible assets are usually very difficult to Valuation (finance), value. Today, a large part of the corporate economy (in terms of net present value) consists of intangible assets, reflecting the growth of information technology (IT) and organizational capital. Specifically, each dollar of IT has been found to be associated with and increase in firm market valuation of over $10, compared with an increase of just over $1 per dollar of investment in other tangible assets. Furthermore, firms that both make organizational capit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
