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tangible assets
Tangible fixed assets represents property, plant and equipment, net of depreciation.
tap stock
UK government bond used to control the gilt market. Supplies may be turned on or off, hence the name; only a proportion is issued initially, the remainder being fed into the market by the government broker.
thrift
see savings and loan.
times covered
The number of times a company's profits can be divided by its dividend.
total assets
The sum of total current assets, long term receivables,investment in unconsolidated subsidiaries, other investments, net property plant and equipment and other assets.
total liabilities
All short and long term obligations expected to be satisfied by the company. It includes current liabilities, long term debt, provision for risk and charges (non-US corporations), deferred taxes, deferred income, other liabilities, etc, and excludes minority interest, preferred stock equity, common stock equity, non-equity reserves.
total revenue
Gross sales and other operating revenue less discounts, returns and allowances. Also referred to as turnover, sales, revenues, net sales.
Treasury bill/bond/note
Note issued by governments to finance short-term expenditure; in the UK normally for 91 days, in the US for 3 or 6 months. In the US auctions of these bonds take place weekly (the weekly tender), their yields giving clues to interest rate trends.
trustee investment
Investment in which trustees are authorised to invest money in a trust fund. A trustee holds title to a property on behalf of another.
trustee savings bank
Bank managed by a body of trustees but which has most of the features of a clearing bank. The former Trustee Savings Banks in the UK were transformed into TSB Group, now merged with Lloyds Bank as Lloyds TSB.
turnover to total assets
Also known as total asset turnover, this ratio is a measurement of asset utilisation. Total revenue is divided by total assets, indicating the number of times assets are “turned over” during the year.
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