Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Latter-staged portion of a business cycle expansion experiencing a short run equilibrium real production being greater than the fullemployment real production. The equilibrium real production occurs in the shortrun aggregate market. Fullemployment
A formulated, predictive return on an investment to help make a worthwhile investment decision . It is generated by calculating a series of potential results, filtering out unwanted ones by specific conditions,
Expenses are covered by this amount and is typically added to the rate.
A person that had knowledge and skills learned over years of experience in a subject. Their opinion can be helpful in problem solving. Refer to expert evidence.
When materials used to make something are broked down to each component. Once used its off a materials list.
When the government offers help to exporters for service subsidy, cash rebate, or a cash drawback. It promotes fair competition.
The time frame the insured can make claims after the liability coverage is expired.
The money borrowed by a foreign country. It must be paid in the currency the loan was made in. An export must happen sometimes to get that currency.
Crime insurance to cover cash loss, securities, ad goods by extortion.
A statement given under oath by witnesses.
The measure of the cost of an approach and its achievement versus expectation. A classic measure in determining productivity. See effectiveness.
Measurement of time spent completing an activity, job, or task. Calculated as total of calendar days excluding holiday and other non-working days used.
In place of their inheritance the surviving spouse can claim a part of an estate. Also called statutory share, widow’s share, forced share.
Co-operating in a project or program that includes the process of monitoring and critiquing using internet, emails, and groupware.
Database of digitized audio, video, and written material, on a physical site and/or a website, giving 24hour online access to users.
An electronically generated and communicated information
What an applicant must satisfy to become eligible.
An efficiency in the print industry. Leaving out one or more unessential characters, minimizing the series of characters needed for understanding. An example is printing ‘199798’ instead of ‘19971998.’
Economies of certain Asian and Latin American countries. Huge potential for growth seems guaranteed, but significant political, monetary, and social risks are potential dangers. Rapidly growing and volatile.
A statistical model. Derived by calculating the number of times an event occurs to the number of possible times it could occur, and expressing that results as a ratio. Used to propose