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Auditing Terms - Ttactical asset allocation (TAA) - (investment strategy involving shifting the percentages in a portfolio among stocks, bonds, or cash, depending on the relative attractiveness of the respective markets)
tactics, techniques, and procedures (TTP) - (methods, patterns of use or conduct, followed by individuals or groups currently or in the past - past conduct which may provide clues to current activities)
tainting factor (TF) - (estimate of the amount an audit sample value will differ from the actual book value - used in Probability-Proportional-to-Size (PPS) sampling to calculate the projected error)
Taiwan Stock Exchange (TSE) -
tangible asset (TA) - (asset, other than a financial asset, which can be seen and touched - furniture, equipment)
tape management system (TMS) - (a system software tool that logs, monitors, and directs computer tape usage)
Targeted Amortization Class bonds (TAC) - (bonds offered as a tranche class of some collateralized mortgage obligations (CMOs))
Tax Anticipation Bill (TAB) - (short-term obligation issued by the U.S. Treasury to raise funds during a period when tax receipts are not large enough to cover current disbursements)
Tax Anticipation Note (TAN) - (short-term debt instrument issued by a municipality to raise funds to cover shortages prior to the receipt of taxes)
Tax Court of the United States (TC) - (federal court with jurisdiction for litigation involving tax cases)
Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) - (federal legislation designed to raise tax revenue and close loopholes)
Taxpayer Relief Act of 1997 (TRA) - (federal legislation overhauling the tax code)
Teachers Insurance and Annuity Association College Retirement Equities Fund (TIAA-CREF) - (institutional investor providing financial products)
Technical Bulletin (TB) - (publication issued by the FASB which provides timely guidance on certain financial accounting and reporting problems)
technical report (TR) -
Tel-Aviv Stock Exchange (TASE) -
Temporal Key Integrity Protocol (TKIP) - (wireless local area network (WLAN) protocol using enhanced encryption technologies and algorithms to improve security)
Tenancy in Common (TIC) - (ownership of real or personal property by two or more persons in the property as a whole, with each individual's share considered absolute ownership)
tenancy by the entirety (TBE) - (form of individual co-ownership, normally between husband and wife, in which ownership passes automatically at the death of one co-owner to the surviving co-owner)
Tennessee Valley Authority (TVA) - (federal project to develop the Tennessee River Valley by constructing dams to supply electric power)
Term Asset-Backed Loan Facility Program (TALF Program) - (program created by th U.S. Federal Reserve Board to issue securities backed by consumer and small business loans)
Terminal Access Controller Access Control System (TACACS) - (centralized network access protocol that authenticates and authorizes access for system users)
terminal emulation software (TES) -
Terminal/Teletype Network (TELNET) - (network protocol for performing remote terminal access limited to text communications to another device)
Testamentary Trust (TT) - (trust created by a will)
The Bond Market Association (TBMA) - (non-profit corporation representing securities firms and banks that deal in debt securities)
time-adjusted rate of return (TAROR) (TARR) - (discount rate at which the present value of future cash flows of an investment equal the cost of the investment)
time deposit (TD) - (savings account or certificate of deposit held in a financial institution for a fixed term or with the understanding that the depositor can withdraw only by giving notice)
time-division multiplexing (TDM) - (method of data transmission which assigns/reserves a time slot for each sender, regardless of whether the sender has any data to transmit)
times interest earned (TIE) - (operating interest divided by annual interest expense)
Tokyo Commodity Exchange (TOCOM) - (nonprofit organization regulating commodities futures and options trading in Japan)
Tokyo Financial Exchange (TFX) - (financial futures market providing clearing services)
Tokyo Grain Exchange (TGE) - (nonprofit membership organization trading futures on agricultural products)
Tokyo Stock Exchange (TSE) -
Tokyo Stock Price Index (TOPIX) - (Nikkei Stock Average) (index of leading stocks traded on the Tokyo Stock Exchange)
tools, techniques, and processes (TTP) - (modeling analysis methods, software program capabilities, and approaches to problem solving used in developing solutions)
Toronto Futures Exchange (TFE) -
Toronto Index Participation Securities (TIPS) - (unit investment trust securities traded on the Toronto Stock Exchange)
Toronto Stock Exchange (TSX) -
total cost (TC) - (total costs including manufacturing cost and selling and distribution costs)
total cost approach to distribution (TCD) - (the technique used to identify and aggregate the more obscure distribution-related costs as well as the obvious and commonly recognized distribution costs)
total cost center overhead (TCCO) - (sum of the overhead incurred by the cost center itself and that transferred from other cost centers)
total cost of ownership (TCO) - (purchase price/original cost plus additional costs of an asset - maintenance, technical support, training)
total cost ownership (TCO) - (tracing costs to a person or organization responsible for costs related to their designated products, services, and/or customers)
total enterprise value (TEV) - (market calculation of the value of a business based on the value of its shares and debt)
total fixed cost (TFC) - (the sum of all fixed costs)
total loss (TL) - (damage to an asset to such an extent that it cannot be rebuilt or repaired to the condition it was in prior to the loss)
total loss only (TLO) -
Total Quality Control (TQC) - (philosophy that aggressively strives for a defect-free manufacturing process)
Total Quality Management (TQM) - (approach to quality that emphasizes continuous improvement, striving for zero defects, and the elimination of all waste)
total shareholder return (TSR) - (total return on a stock to investors - capital gain plus dividends)
total variable cost (TVC) - (a cost that varies in total in direct proportion to changes in activity)
total work cost (TWC) - (gross (total) cost of production)
trade acceptance (TA) -
Trade Acceptance and Reconciliation Service (TARS) -
Trademark (TM) - (distinctive name, symbol, motto, or emblem that identifies a product, service, or firm)
trailing twelve months (TTM) - (prior twelve months - historical activity, as opposed to future projected results)
transaction processing (TP) - (recording and monitoring transactions)
transfer agent (TA) - (agent, usually a commercial bank, appointed by a corporation, to maintain records of stock and bond ownership and to record transfers of ownership and cancellations)
Transmission Control Protocol (TCP) - (communication protocol between two systems to establish contact, set up a virtual connection, and ensure packet delivery)
Transmission Control Protocol/Internet Protocol (TCP/IP) - (a suite of protocols that govern the way data travels from one device to another - IP provides the addressing and routing capabilities for each package of data)
Transmission Control Protocol/User Datagram Protocol (TCP/UDP) - (a suite of protocols that govern the way data travels from one device to another - UDP sends out messages without making or verifying a connection)
Transnational Corporation (TNC) - (multinational corporation - a corporation with activities in two or more countries)
Transparency International (TI) - (international anti-corruption organization, headquartered in Berlin)
transport layer security (TLS) - (a cryptographic protocol that provides secure communications on the Internet)
travel and entertainment expenses (T&E) - (expenses for travel and entertainment that may qualify for a tax deduction)
Treasuries over Eurodollars spread (TED Spread) - (difference between interest rates on U.S. Treasury Bills and Eurodollars)
Treasury Bill (T-bill) - (a short-term U.S. federal government debt instrument)
Treasury Inflation-Indexed Securities (TIIS) - (U.S. Treasury securities that guarantee a return that beats inflation if held to maturity)
Treasury Inflation Protected Securities (TIPS) - (U.S. Treasury securities issued at a fixed rate of interest but adjusted based on changes in the Consumer Price Index)
Treasury Investors Growth Receipt (TIGER) (TIGR) - (U.S. government-backed bonds that have been stripped of their coupons (interest payments))
trial balance (TB) - (the listing of all assets, liabilities, capital, revenue, and expense account balances)
Trivial File Transport Protocol (TFTP) - (simple protocol supporting reading and writing to files, without authentication, typically used to copy router and switch configurations)
Troubled Asset Relief Program (TARP) - (a program of the U.S. government to purchase assets and equity from financial institutions to strengthen its financial sector following the financial crisis of 2007-2008)
Trust Issued Mandatory Exchange Securities (TIMES) - (exchange-traded funds representing deposited shares of stock in different industry sectors)
turnover ratio (TRO) - (activity ratio - measure of how well a firm manages its assets - volume of activity over budgeted activity)