What Is an Available-for-Sale Security? An available-for-sale security (AFS) is a debt or equity security purchased with the intent of selling before it reaches maturity or holding it for a long period should it not have a maturity date. Accounting standards necessitate that companies classify any investments in debt or equity securities when they are purchased
What Are Available Funds? Available funds are money in a bank account that is accessible for immediate use. In other words, it represents the total amount of capital that can be withdrawn at an automated teller machine (ATM), used to make purchases with a debit card, write a check, transfer money and pay bills. An account holder’s
What Is Available Seat Miles (ASM) Available seat miles (ASM) is a measure of an airplane’s carrying capacity available to generate revenues. Available seat miles refers to how many seat miles are actually available for purchase on an airline. Seat miles are calculated by multiplying the number of miles that a given airplane will be
What Is Avalize? To avalize is the act of having a third party (usually a bank or lending institution) guarantee the obligations of a buyer to a seller per the terms of a contract, such as a promissory note or purchase agreement. The bank, by “avalizing” the document (usually “by aval” will be written on
What Is Augmented Reality (AR)? Augmented reality (AR) is an enhanced version of the real physical world that is achieved through the use of digital visual elements, sound, or other sensory stimuli and delivered via technology. It is a growing trend among companies involved in mobile computing and business applications in particular. Amid the rise
What Are Assets Under Management (AUM)? Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company. In the calculation of AUM, some financial institutions include bank deposits, mutual funds, and cash in their calculations. Others limit it to funds under
What Was Auroracoin? Auroracoin (AUR) was a peer-to-peer cryptocurrency developed in Iceland. It was launched in 2014 by a pseudonymous creator named Baldur Friggjar Óðinsson. Auroracoin was intended to serve as a mechanism for cross-border transfers in the local economy. Unfortunately, the cryptocurrency’s value crashed immediately after its launch in March 2014, and it was
What Is Austerity? The term austerity refers to a set of economic policies that a government implements in order to control public sector debt. Governments put austerity measures in place when their public debt is so large that the risk of default or the inability to service the required payments on its obligations becomes a real
What Is the Australian Future Fund? The term Australian Future Fund (AFF) refers to an Australian sovereign wealth fund (SWF) established by the country’s federal government. Founded in 2006, the fund’s main purpose is to boost the long-term position of the government. The Future Fund, as it is commonly known, is independently managed and generates
What Is the University of New South Wales Business School? The term University of New South Wales Business School refers to a business school located in Sydney, Australia. The school offers undergraduate, graduate, and postgraduate programs, including a variety of Master of Business Administration (MBA) degrees that are offered through the Australian Graduate School of Management.
