Finance Management Important Term with definition.

Answer:
1.      Finance
      Finance is the science that describes the management, creation and study of money, banking, credit, investments, assets and liabilities.

2.      Financial Markets
      A financial market is a market in which people tradefinancial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds, and commodities include precious metals or agricultural products.

3.      Agency Problem
      In corporate finance, the agency problem usually refers to a conflict of interest between a company's management and the company's stockholders. The manager, acting as the agent for the shareholders, or principals, is supposed to make decisions that will maximize shareholder wealth.

4.      Double taxation
      Double taxation is a taxation principle referring to incometaxes that are paid twice on the same source of earned income. Double taxation occurs because corporations are considered separate legal entities from their shareholders.

5.      Liquidity 
      Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price. Market liquidity refers to the extent to which a market, such as a country's stock market or a city's real estate market, allows assets to be bought and sold at stable prices.

6.      Liquidity Ratios 
      Liquidity ratios are a class of financial metrics used to determine a company's ability to pay off its short-terms debts obligations. Generally, the higher the value of the ratio, the larger the margin of safety that the company possesses to cover short-term debts.

7.      Debt Ratios         
      The debt ratio is defined as the ratio of total – long-term and short-term – debt to total assets, expressed as a decimal or percentage. It can be interpreted as the proportion of a company's assets that are financed by debt.

8.      Coverage Ratios
      The coverage ratio is a measure of a company's ability to meet its financial obligations.

9.      Activities Ratios
      Activity ratios are accounting ratios that measure a firm's ability to convert different accounts within its balance sheets into cash or sales. Activity ratios are used to measure the relative efficiency of a firm based on its use of its assets, leverage or other such balance sheet items.

10.  Profitability Ratios
      Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period of time.

11.  Operating Cycle Vs Cash Cycle
      The total of inventory holding period and a receivable collection period of a firm is the operating cycle time of that firm. Operating cycle and cash operating cycle are used interchangeably but it's a misconception. They are different by a small margin but that makes a big difference.

12.  Time value of money
      The time value of money (TVM) is the idea thatmoney available at the present time is worth more than the same amount in the future due to its potential earning capacity.

13.  Compound interest
      Compound interest is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

14.  Annuity and its types
      An annuity is a contractual financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time.
1)   Deferred annuity (Fixed, Variable)
2)   Income Annuity (Fixed, Variable)

15.  Perpetuity
      A perpetuity is an annuity in which the periodic payments begin on a fixed date and continue indefinitely. It is sometimes referred to as a perpetual annuity. Fixed coupon payments on permanently invested (irredeemable) sums of money are prime examples of perpetuities.
16.  Amortization Schedule
       A complete table of periodic blended loan payments, showing the amount of principal and the amount of interest that comprises each payment so that the loan will be paid off at the end of its term.

17.  Bond
      A bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate.

18.  Zero Coupon Bond
      A zero-coupon bond, also known as an "accrual bond," is a debt security that doesn't pay interest (acoupon) but is traded at a deep discount, rendering profit at maturity when the bond is redeemed for its full-face value.

19.  Coupon Rate 
      The stated rate of interest on a bond; the annual interest payment divided by the bond’s face value.

20.  Console

            It is a bond that never matures; a perpetuity in the form of a bond.

Comments