IC

(redirected from concentration)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

IC

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Import Certificate

A proposed system to lower the U.S. trade deficit. Under the system, exporters would be issued import certificates allowing them to import up to the total value they export. Exporters may then sell these certificates to importers, who need them to conduct their business. The concept would maximize the value of imports, allowing it to be no greater than the value of exports. While this is not technically a tariff, it has much the same effect. Import certificates were proposed by Warren Buffett in 2003.

Information Coefficient

A measure of the correlation between expected and actual returns. The IC is used internally within a firm to judge the performance of individual financial forecasters. The IC is measured on a scale between 0 to 1, with 1 indicating no difference between expected and actual returns. An analyst with a consistently high IC on his/her predictions will likely receive promotions and bonuses, while one with low information coefficients will likely lose his/her job.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Interest Cost (IC)

A comprehensive and time-adjusted measure of loan cost to the borrower.

IC on a Mortgage: IC is what economists call an “internal rate or return.” It takes account of all payments made by the borrower over the life of the loan relative to the cash received up front. On a mortgage, the cash received up front is the loan amount less all upfront fees paid by the borrower. On an ARM, IC captures the effect of interest rate changes on the monthly payment and the balance, but future rate changes must be assumed.

Formula: IC is (i) in the formula below:

L - F = P1 + P2/(1 + i)2 +… (Pn + Bn)/(1 + i)n
Where:

L = Loan amount

F = Points and all other upfront fees paid by the borrower P = Monthly payment

n = Month when the balance is prepaid in full

Bn = Balance in month n

IC Versus APR: IC differs from APR in the following ways: IC is measured over any time horizon, whereas APR assumes that all loans run to term. IC may be measured after taxes whereas APR is always measured before taxes. On an ARM, IC can be calculated on any interest rate scenario whereas APR always uses a no-change scenario.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The interrelationship of serum S100B and P53 concentrations and their association with tumour type and size in patients was determined.
As the presented data show, with a distance from the road increasing the concentration of heavy metals is decreasing.
The influence of calcium concentration is shown in Figure 2.
* concentration camp: an area or group of buildings where civilians, political prisoners, and sometimes prisoners of war are confined, usually under harsh conditions.
The bottleneck for the total remediation time can be either sampling or vacuuming, depending upon the values of the concentration threshold ([[bar.c].sub.f]) and the number of samples per round ([n.sub.s]).
One way to determine the efficiency of the extraction is to spike a test portion with the analyte at various concentrations, then extract the fortified test portions and measure the analyte concentration.
Conclusions: Blood lead concentrations, even those below 10 [micro]g per deciliter, are inversely associated with children's IQ scores at three and five years of age, and associated declines in IQ are greater at these concentrations than at higher concentrations.
The researchers state that increasing dietary protein intake from 12% to 220/o of total energy, with a corresponding increase in methionine intake, does not increase plasma homocysteine concentrations." (Methionine is another amino acid associated with human growth.) The findings are in agreement with a larger 1997 study that found an inverse association in homocysteine blood levels with intakes of folate and B-6 and B-12 vitamins, but not with intakes of methionine and protein.
Nasal nitric oxide concentration in paranasal sinus inflammatory diseases.
At the same time, some advocates of challenges to concentration will launch unreasonable, ill-advised movements that will serve mostly to inflame further political passions.