Index created by the firm Markit. It is based on the price of credit default swaps on the index's constituent mortgage backed securities. A decline in the the ABX Index indicates that the market assoc [..]

Refers to banks that are rated AAA by IBCA, Moodys Investor Service and Standard & Poors.

Refers to the borrower's ability to make interest and principal payments on debts. See: Fixed charge coverage ratio. In context of municipal bonds, refers to the issuer's present and future ability to [..]

Schedule of depreciation rates allowed for tax purposes.

Any depreciation method that produces larger deductions for depreciation in the early years of an asset's life. Accelerated cost recovery system (ACRS), which is a depreciation schedule allowed for ta [..]

Contractual agreement instigated when the drawee of a time draft "accepts" the draft by writing the word "accepted" thereon. The drawee assumes responsibility as the acceptor and for payment at maturi [..]

An imported merchandise tax expressed as a percentage.

A signed statement from an independent public accountant after examination of a firm's records and accounts. The opinion may be unqualified or qualified. See: Qualified opinion.

The change in the value of a firm's foreign currency-denominated accounts due to a change in exchange rates.

The pension benefits earned by an employee according to the years of the employee's service.