Category: C

Negligence: failure to act with the prudence that a reasonable person would exercise under the same circumstances.

The right to retain possession of goods pending payment of overdue freight charges.

The portion of a trial whereby the party with the BURDEN OF PROOF in the case presents its evidence. The term differs from a rebuttal, whereby a party seeks to contradict the

Details of all money received and money paid out. You should have a separate cash book/section for each bank account. A journal where a business’s cash sales and purchases are entered. A

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Cash flow information that is determined by adjusting net income for such items as depreciation expense, changes in current assets and liabilities, and other items. It is the first section presented in

Method of matching actual receipts of cash to actual uses of cash to directly determine cash flow for cash budgeting; worthwhile for periods of six or less months. Refer to adjusted net

The merger of a target firm paid in cash by the buying firm. Occurs when the targeted firm’s stockholders or shareholders do not want any part of ownership of the buying firm

Index of a product category, such as soft drinks, for example. Ratio of sales to the population of a specific area. It is beneficial in estimating the growth potential of a brand

Theory of statistical regularity that a normal distribution occurs over time as the average of data observed tends to be distributed evenly under general conditions. Its hypothesis is that no matter how

Document that confirms legal exportation of the noted items from their country of origin.

Document issued commonly by customs authorities of the exporting country commonly issue this document to certify that the correct gross weight of the goods being shipped.

Change in accounting bases from accrual basis accounting in to cash basis accounting or vice versa. It may require the prior approval of, or a notification to, the taxation authorities, depending on

Section of US bankruptcy code that specifies a court-appointed trustee or receiver to collect and liquidate the debtor’s property to satisfy the creditors’ claims. Either the debtor or creditor may petition a

A documented, pre-planned, mathematically-computed value using a group of data being transmitted that is transferred along with the data. A receiving device compares the checksum with its own computation. If the transmitted

Method that combines both chemical treatment techniques and physical treatment techniques to alter industrial and commercial waste streams or resulting environmental conditions. Chemical treatment techniques are chlorination, oxidation, ozonation, and the like.

Accountable to a CxO execution for research and development (R&D) as well as managing and addressing technical issues that a company faces. Also known as the Chief Technical Officer. This is usually

Exposure to a hazardous substance, continuously over an extended period of 7 to 70 years. Contrast to acute exposure.

Assets that continually flow within an organization, such as raw materials, work in process, finished goods, and cash at hand.

shares in a mutual fund with a backend load. Also known as B Shares. Refer to Class A Shares; Class C Shares for comparison.