Category: C

Taking cash out of a policy or benefit, reducing the cash available as a death benefit by the amount withdrawn plus interest. This may mean forfeiture of the purchased benefits by the

Mail or email presentation of goods and services directly to perspective buyers. Source of items may from several different vendors or one vendor.

1. In law it is an order to prohibit starting or continuing a specific action stated in the order. Used against a person or an enterprise; usually issued by a court or

One common purchasing organization manages one purchasing system for all purchase needs of all of the departments of a company in a wide geographical distribution. Centralized purchasing helps negotiating the best deals

When a certain construction project is completed fulfilling the terms, conditions, and specifications of the job contract, an authorized architect and/or an engineer certifies this using this document.

Mass market retail outlets owned by one firm and spread nationwide or worldwide, such as Body Shop, KMart, or Wal-Mart. Typical attributes are (1) similar architecture, (2) store design and layout, and

Involving key players and stakeholders in organizational change to minimize resistance.

Fraudulent scheme. Additional checks are issued against funds that a bank has already credited into an account for deposited, but as-yet, uncleared checks (refer to check clearing). It is played as an

A single characteristic of a chemical or chemical substance. It is applied to model how the substance’s molecules can combine with another substance’s molecules or simply be rearranged.

The largest commodity and futures exchange in the U.S. CME trading pits hold open outcry auctions on equity, currency, agricultural, and interest rate products. The fully-electronic Globex exchange is also operated by

Synthetic substances, composed of carbon, hydrogen, and chlorine atoms. Some examples are chlorinated fluorocarbons (CFSs), chlorinated hydrocarbons (CHCs), and carbon tetrachloride. The chlorine in these compounds makes them resistant to degradation by

The name awarded to the tunnel connecting the UK to France. The Chunnel is 31.4 miles (50.5km) long and courses under the English Channel, It begins at Folkstone, Kent in England to

1. A legal assertion; a legal demand; Taken by a person wanting compensation, payment, or reimbursement for a loss under a contract, or an injury due to negligence. 2. Amount a claimant

NFPA classification for fire due to or engulfing metals that burn, such as lithium, magnesium, potassium, sodium, titanium, and zirconium. These can be extinguished by eliminating air supply and smothering the fire.

The repayment, to RECEIVERS of a company in BANKRUPTCY, of any PREFERENCE payments, or monies deemed to have benefited one party at the expense of others during the period of FINANCIAL DISTRESS.

Issuer of a debt instrument requiring the action of liquidating the instrument before full amortization. When the outstanding principal is less than 10% of the original debt, this action is often triggered

Governor’s or president’s power to pardon a person convicted of a criminal offense or to commute the related sentence. A specially appointed committee is accountable for recommendations.

Same meaning as closed competitive bidding.

Available goods in complete sets only and not sold as individual pieces. There is no guarantee that the stock will be replenished when inventory is depleted. This is in contrast to open

A contractual agreement where an institution and a COUNTERPARTY in DEFAULT agree to ACCELERATION, termination, and NETTING of all financial transactions. See also PAYMENT NETTING, SETOFF.