Week 1 practice 2

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Across
  1. 3. Any type of insurance policy that protects against damage to other parties that can arise from product defects, business practices, accidents, actions of employees, officers, or board, and general negligence.
  2. 4. Funds used by a business to purchase long-term, typically fixed assets, such as land, machinery, or buildings. Also investments in long-term securities that are typically used to finance the purchase of such assets. Also known as a long-term investment.
  3. 7. A system for integrating the billing and payment processes, thereby enabling companies to send electronic statements and receive electronic remittances from customers. It is the retail consumer version of electronic invoice presentment and payment (EIPP).
  4. 8. An arrangement where assets owed by one party to another party are held by a third party until a particular condition is met.
  5. 12. The machine-readable information on the bottom of a check using a special font and magnetic ink.
  6. 13. A short-term debt security issued in anticipation of future tax collections. They are generally issued by US state and municipal governments to provide immediate funding for a capital expenditure, such as highway construction.
  7. 15. A plot of the yields to maturity on the same investment instruments or class of instruments, but with varying maturities, as of a specific date. For example, a yeild curve for US Treasury instruments is a plot of yields to maturity for US Treasury bond issues with varying periods to maturity as of the close of business on a particular date.
  8. 16. Something usually approved by an enterprise's board of directors that gives a specific individual the authority to facilitate the business of the enterprise.
  9. 17. A type of wire where a company establishes repetitive transfer instructions to move funds between two specified accounts automatically when previously determined cirteria are met.
Down
  1. 1. A measure of a company's profitability indicating the amount of earnings available to shareholders in terms of their investment in the company.
  2. 2. In the CCC this is the average number of days between the purchase/ receipt of materials, supplies, or services and the issuance of payment for them. Also referred to as the payables conversion cycle.
  3. 5. A technology solution that supports the interaction between a treasury department and internal and external partners. It facilitates the management of multiple positions and processes, including bank accounts, debt, investments, FX, payments, and risk.
  4. 6. A depository account that must be maintained at a financial institution for a contractually specified period of time. Early withdrawal is allowed only with prior notification. Further, an early withdrawal may result in a penalty. Also known as a noncurrent account.
  5. 9. This is a process that allows an org to scan and image checks, then transmit those images to its depository bank for posting and clearing, instead of having to deposit physical checks. In the US, the bank then transmits the images to the Fed or another image exchange network for cleaning.
  6. 10. A payment card, typically a credit card, used by a business for the purchase of supplies, inventory, equipment, and service contracts. Also known as a procurement card or p-card.
  7. 11. A note with maturity of two to ten years. In most cases, interest is paid at periodic intervals (eg semiannually), and the notes are similar to long-term bonds except for the shorter maturity.
  8. 12. A prepaid instrument issued by various third parties such as banks, postal services, or consumer outlets (eg convenience stores), where the purchaser is the instrument's payor and the __ is the obligation of the issuer.
  9. 14. The risk associated with the execution of the business plan or strategy establlished by a company's management. It includes the risk of major investments for whch there is a significant uncertainty about success or profitability. Examples in this area include entering into new markets, trying to spot and take advantage of trends, and investing in new technology.