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The father of economic theory. He has written severla books on markets and economics.

Refer to aid and abet for further explanation.

A good or service that is more costly that its competitors.

An error expressed without any indication as to whether or not its positive or negative.

A company that merges with another to gain more stability.

A document that lists all items in an estate to establish the present state of title. These items listed may change the value of the title. Also referred to as an abstract

When a company has debt obligations and cannot get funds for a project they purchase stocks as a short term investment boost.

The status of real estate ownership when no clear owner is present and must be determined.

1. Accounting: a record used to characterize income and expenses required to run a business that affect the profit, but not the capital, of the given company. 2. Advertising: exposure through the

This occurs when a number of trials collected during the same time period. The data is organized by frequency.

The companies costs associated with manufacturing operations such as insurance and taxes. These expenses are listed in a separate account.

A brief version of a trust that leaves out the beneficiaries identity and other specific information included.

When depreciation occurs faster than expected the US tax allows for it. Assets are divided into classes and the method of depreciation is listed. It is meant to encourage investment. Another term

1. Human Resource Management: A natural capacity of an individual to complete the task at hand. Refer to the definition of aptitude. 2. Law: The ability to agree and act upon a

Any amounts that can be garnished from an individuals total income. Examples of this are alimony, child support, or educational costs.

The density of water vapor per air volume. It is expressed in kilograms per cubic meters.

The costs of manufacturing that are not related to production. They can be taxes, insurance, and building expenses. These costs are linked to a separate account.

A credit rule that stipulates a credit is not affected by its underlying agreement or contract. This is also called the autonomy principle

If a business totals $100,000 in federal tax in one day it must be in the bank the next day. Once this occurs the business must maintain a semi-weekly deposit for the

An investor deciding not to sell or act upon an option at the end of the contract. Also: