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Direct costs of financial distress |
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Direct costs of financial distressCosts such as fees or penalties incurred as a result of bankruptcy or liquidation proceedings.Direct costs of financial distress Similar MatchesFinancial adviserFinancial adviserA professional person qualified to give advice to clients regarding investments such as life insurance, pensions, mutual funds/unit trusts and taxation etc.A financial adviser may charge a fee and/or receive a commission on a product recommended. In the UK a financial adviser is either independent - an independent financial adviser (IFA) - or a company representative (tied agent).An IFA is free to recommend products from a number of companies and his selection will be based on which company and product best suits the needs of the client. A company representative is authorised to recommend only the products of the company he represents, so his advice is inevitably and quite properly limited. Financial institutionFinancial institutionAn institution which accepts funds from the public and reinvests in bank deposits, bonds and stocks etc. These include banks and insurance companies. In the UK a building society would be included. Financial distress costsFinancial distress costsLegal and administrative costs of liquidation or reorganization. Also includes implied costs associated with impaired ability to do business (indirect costs). Financial marketFinancial marketA market for a financial instrument, in which buyers and sellers find each other and create or exchange financial assets. Sometimes these are organized in a particular place and/or institution, but often they exist more broadly through communication among dispersed buyers and sellers, including banks, over long distances. Chartered Financial Analyst (CFA)Chartered Financial Analyst (CFA)An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the institute of Chartered Financial Analysts. Further Suggestionsfinancial yearPerfectly competitive financial markets Dupont system of financial control Financial planning Combined financial statement Corporate financial planning Financial tables Financial Intermediaries Managers and Brokers Regulatory Association Financial institution financial planning Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) Financial intermediaries Financial guarantee insurance Financial adviser Society for Worldwide Interbank Financial Telecommunications (SWIFT) Country financial risk Financial leverage Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) Swiss Options and Financial Futures Exchange (SOFFEX) Financial Statement Financial leverage clientele Financial Times Indices Financial crisis Financial lease Financial capital |
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