A MONEY MARKET instrument issued by a governmental authority as a funding mechanism and a tool for conducting MONETARY POLICY. Bills are often issued on a discount, rather than COUPONBEARING, basis, and typically have maturities extending from one week to one year. Those issued by governments of industrialized nations are considered to be highly LIQUID and extremely creditworthy, with virtually no risk of DEFAULT. See also GOVERNMENT BOND.
Professor Charles Goodhart introduced this theory. Originally applied to the stability of economic spending, it now points out the problem of assigning value to a specific variable to be used as an indicator. It states that when a measure’s value becomes a target, the measure value can no longer be used as a measure.
Exercise executive power, fairly and systematically.
Warm fuzzy; level of confidence. Degree of comfort that a sample survey’s or test result are reliable for making dependable projections. Described formally as the degree of linear correlation of variables, it is calculated using chi square test or coefficient of determination statistical methods.
In contracts. The term ÒgoodsÓ is not so wide as Òchattels,Ó for it applies to inanimate objects, and does not Include animals or chattels real, as a lease for years of house or land, which ÒchattelsÓ does include. Co. Litt. 118; St. Joseph Hydraulic Co. v.Wilson, 133 Ind. 405, 33 N. E. 113;Van Patten v. Leonard, 55 Iowa, 520, S N. W. 334; Putnam v. Westcott, 19 Johns. (N.Y.) 7G.In wills. In wills ÒgoodsÓ is nomen generalissimo, and, if there is nothing to limit it, will comprehend all the personal estate of the testator, as stocks, bonds, notes,money, plate, furniture, etc. Kendall v. Kendall, 4 Russ. 370; Chamberlain v. Western Transp. Co., 44 N. Y. 310, 4 Am. Rep. 081 ; Foxall v. McKenney, 9 Fed. Cas. 045; Raileyv. Duncan, 2 T. I!. Mon. (Ky.) 22; Keyser v. School Dist., 35 N. II. 483.
This term is applied to all personal property that is not real estate.
Acknowledged receipt of items listed in a document under customary or specified terms and conditions. It is an official document issued by a port, shed, warehouse or shipping terminal operator.
Record at the point of receipt of goods received. Often compared to a purchase order before issuing payment, this record confirms receipt of all goods.
The primary INTANGIBLE ASSET of a company, generally comprised of reputation, contact networks, intellectual property, and branding. Although the assets have value, they cannot be physically inspected and are extremely ILLIQUID. Goodwill may also include the PREMIUM a company pays in acquiring another company; although such additional value is generally reflected on the corporate balance sheet it must typically be amortized over a set period of time.
Measuring goodwill value over total asset value. Quantifies an intangible for monitoring. As in the saying of too much of a good thing can be bad, too much goodwill can financially impair a company.