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Audit
AuditFloating rate preferred stock, whose dividend is adjusted every seven weeks through a Dutch auction. RELATED TERMS-------------------------------------- Floating Used for exchange rates, interest rates, etc.; able to change according to supply and demand. Stock US equivalent of the British word "share", a block of shares with a nominal value of 100, or various kinds of fixed-interest securities; in Britain, goods stored ready for sale, raw materials, work in progress and finished but unsold products. Dividend A portion of a company's profit paid to common and preferred shareholders. SIMILAR TERMS-------------------------------------- Audit trail An examination of a company's accounting records and books conducted by an outside professional in order to determine whether the company is maintaining records according to generally accepted accounting principles. Auditor's report Resolves the validity of an accounting entry by a step-by-step record by which accounting data can be traced to their source. PREVIOUS AND NEXT TERMS-------------------------------------- Attractor An option is at the money if the strike price of the option is equal to the market price of the underlying security. Attribute bias In non-linear dynamic series, an attractor defines the equilibrium level of the system. Auction Market Preferred Stock (AMPS) The tendency of stocks preferred by the dividend discount model to share certain equity attributes such as low price-earnings ratios, high dividend yield, high book value ratio, or membership in a particular industry sector. Auction markets A type of Dutch Auction Preferred Stock (A Merrill Lynch product). Auction rate preferred stock (ARPS) Markets in which the prevailing price is determined through the free interaction of prospective buyers and sellers, as on the floor of the stock exchange. Audit Audit trail An examination of a company's accounting records and books conducted by an outside professional in order to determine whether the company is maintaining records according to generally accepted accounting principles. Auditor's report Resolves the validity of an accounting entry by a step-by-step record by which accounting data can be traced to their source. Aunt Millie A section of an annual report that includes the auditor's opinion about the veracity of the financial statements. Australian Stock Exchange (ASX) An unsophisticated investor. Autarky Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. We thank you for using the Financial Dictionary to search for Audit. If you have a better definition for Audit than the one presented here, please let us know by making use of the suggest a term option. This definition of Audit may be disputed by other professionals. Our attempt is to provide easy definitions on Audit and any other medical topic for the public at large.
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