No-par value stock is issued without the specification of a par value indicated in the company’s articles of incorporation or on the stock certificate. Most shares issued are classified as no-par or low-par value stock. No-par value stock prices are determined by the amount that investors are willing to pay for the stocks on the open market.
Operating revenue is revenue generated from a company’s primary business activities. For example, a retailer produces revenue through merchandise sales, and a physician derives revenue from the medical services he/she provides. What constitutes operating revenue varies per business or industry.
Financial analysis is the process of evaluating businesses, projects, budgets, and other finance-related transactions to determine their performance and suitability. Typically, financial analysis is used to analyze whether an entity is stable, solvent, liquid, or profitable enough to warrant a monetary investment.
Universal banking is a system in which banks provide a wide variety of comprehensive financial services, including those tailored to retail, commercial, and investment services. Universal banking is common in some European countries, including Switzerland.
A flexible spending account (FSA) is a type of savings account that provides the account holder with specific tax advantages. An FSA, sometimes called a “flexible spending arrangement,” is set up by an employer for an employee. The account allows you to contribute a portion of your regular earnings to pay for qualified expenses related to medical and dental costs.
A waiver of premium for payer benefit clause in an insurance policy says that the insurance company will not require the insured to pay a fee to maintain the plan under certain conditions. Most commonly, these conditions are the death or disability of the person paying the insurance premiums.
Virtual reality (VR) refers to the computer-generated simulation in which a person can interact within an artificial three-dimensional environment using special electronic devices, such as special goggles with a screen or gloves fitted with sensors. In the simulated artificial environment, the user is able to explore the various artifacts and proceedings as they might in the real world. (See also: Facebook and Xiaomi Will Launch a Virtual Reality Headset in China.)
The gross rate of return is the total rate of return on an investment before the deduction of any fees, commissions, or expenses. The gross rate of return is quoted over a specific period of time, such as a month, quarter, or year. This can be contrasted with the net rate of return, which deducts fees and costs to provide a more realistic measurement of return.
A barrel of oil equivalent (BOE) is a term used to summarize the amount of energy that is equivalent to the amount of energy found in a barrel of crude oil. By encompassing different types of energy resources into one figure, analysts, investors, and management can assess the total amount of energy the firm can access. This is also known as crude oil equivalent (COE).
Virtual reality (VR) refers to the computer-generated simulation in which a person can interact within an artificial three-dimensional environment using special electronic devices, such as special goggles with a screen or gloves fitted with sensors. In the simulated artificial environment, the user is able to explore the various artifacts and proceedings as they might in the real world. (See also: Facebook and Xiaomi Will Launch a Virtual Reality Headset in China.)