Category: E

When subdividing a large piece of land into adjacent pieces, an implied right-of-way to all pieces exists.

A lender charges a lower than normal interest rate in exchange for some percentage of interest in the asset used as collateral for the loan.

The idea that job satisfaction and motivation comes from measuring effort and results against another company’s staff.

Definition given to an unresolvable difference between a model and the actual result used for the model. The differences typically occur due to external factors. The model is typically a statistical or

An adjustable premium cost projected now. T

Evaluation on an entity’s moral and legitimate performance. Measures an organization’s perspective and execution on that which is ethical Done by a neutral, third-party.

Commonly used for settling international transactions, US currency or funds held outside the US in bank accounts.

The monetary system of member European nations that is based on coordinated management of INTEREST RATES, FOREIGN EXCHANGE rates, and INFLATION. The EMU created the EUROPEAN CENTRAL BANK to guide its policies,

(1) A REVOLVING CREDIT FACILITY without a specific maturity; the facility rolls over automatically every quarter or year until the BANK decides to convert it into a term LOAN with a defined

365-day year is the basis of this computed Interest. Contrast to a 360- day year used to compute ordinary interest.

Setting a value as a ceiling that is higher than the normal ceiling set in this type of agreement. Can also be a second agreement with a higher ceiling than the primary

Swapping assets that are very different, like land for bearer bonds. Both instruments in the swap have significant value.

Makes a person the sole agent providing specific goods and/or services to a particular area or market.

One who enjoys an excursion. In the Travel industry, it names a person staying in a country less than 24 hours.

Infrastructure source of up-to-the-minute operational data, collected and screened from many databases. Financial information, work-in-process, inventory numbers, sales numbers, market trends, industry statistics, and market price of the firm’s shares are the

A manager’s opportunity to obtain frank, perhaps biased, commentary of the good, bad, and ugly reasons on why a terminating employee is leaving this employment. Planned as a formal meeting.

As standard temperature increases, the related, fractional, measurable increase of a solid in its length (linear expansivity), its area (superficial expansivity), or its volume (volume expansivity).

(1) The MEAN of a distribution of values that a random variable can take. (2) The value that is obtained given certain possible outcomes and probabilities of occurrence. In financial RISK MANAGEMENT

When an asset becomes an expense, this change must be recognized on the balance sheet. Assets with no unexpired costs become expired costs, or an expense. This places assets on the balance

Testimony related to a professional or scientific subject. It is based on training and experience in a subject area. The expert must give their opinion to aid the court in a decision