ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio
analysis MANAGEMENT BY OBJECTIVES Definition MANAGEMENT BY
OBJECTIVES (MBO) is a management theory that calls for managing
people based on documented work statements mutually agreed to by
manager and subordinate. Progress on these work statements is
periodically reviewed, and in a proper implementation,
compensation is usually tied to MBO performance. Learn new
Accounting Terms MATURITY DATE of a financial asset is the date
at which that asset is converted into a specified amount of
money or physical assets, e.g. the date on which an issuer of a
bond promises to repay the full amount borrowed. LEVERAGED BUY-
OUT (LBO) is a transaction used for taking a public corporation
private, financed through the use of debt funds: bank loans and
bonds. Because of the large amount of debt relative to equity in
the new corporation, the bonds are typically rated below
investment grade, properly referred to