What is Flash Manufacturing PMI? Flash Manufacturing PMI is an estimate of manufacturing for a country, based on about 85% to 90% of total Purchasing Managers’ Index (PMI) survey responses each month. Key Takeaways Flash Manufacturing PMI is an estimate of manufacturing for a country, based on about 85% to 90% of total Purchasing Managers’
What Is a Flash Price? The flash price provides as close to real-time price information as possible, with the understanding that there are always lags between price quotes and the actual traded price. Key Takeaways The flash price provides as close to real-time price information as possible, but investors must realize that lags between price
What is Flash Services PMI Flash services PMI is an early estimate of the Services Purchasing Managers’ Index (PMI) for a country, designed to provide an accurate advance indication of the final services PMI data. Breaking Down Flash Services PMI IHS Markit publishes the services PMI monthly. Data is based on surveys of more than 400 senior
What Is Flat Bond? Flat bond is a term given to the price of a bond when it does not include any accrued interest. Accrued interest is the portion of a bond’s coupon payment that the holder earns in between scheduled coupon payments. A flat bond’s price is referred to as its clean price. Key
What Is a Flat Benefit Formula? A flat benefit formula is one method for calculating a pension payout from an employee’s defined benefit plan. In a flat benefit formula, the employer multiplies an employee’s months or years of service by a predetermined flat rate. This method may be compared with the unit benefit formula, which pays a
What Is the Flat Yield Curve? The flat yield curve is a yield curve in which there is little difference between short-term and long-term rates for bonds of the same credit quality. This type of yield curve flattening is often seen during transitions between normal and inverted curves. The difference between a flat yield curve
What Are Fleet Cards? Fleet cards are a type of payment card that allows businesses to manage expenses associated with the vehicles they own and operate. Fleet cards, also known as fuel cards, act just like charge cards and are provided by major oil and/or specialized credit companies. Businesses provide their personnel—namely transportation employees—with fleet
What Are Flex Dollars? Schools or employers will issue flex dollars for purchasing items such as meals, covering health costs, or other expenses. Flex dollars are usually either an electronic currency or a portion of an employee’s wage structure. Flex money accounts typically work on a declining balance system similar to a debit card. An individual using the flex dollar account decides how to spend funds;
What Is a Flexible Fund? A flexible fund is a mutual fund or other pooled investment that has broad flexibility for making investment decisions and allocations. Flexible funds can be U.S. regulated or offshore funds. These funds give the portfolio manager broad latitude for making portfolio investments. As a result, they are highly susceptible to
What Is a Flexible Expense? A flexible expense is a discretionary purchase that can be altered or eliminated without a significant downside. These are non-essential expenses that stand in contrast to fixed expenses. Flexible expenses should be included in a budget to manage an individual’s overall finances. Economists often use the term consumer discretionary spending
