Category: E

Merchant account provider, or some other credit card transaction processor using point-of-sale terminals, or a specialized software for online transaction, for submitting and validating credit card transactions See also automatic data capture.

An electronic method of conducting any and all activities that can occur in a face-to-face meeting or telephone conference call. It facilitates participation, problem-solving and decision-making. See also Group Decision Support System

An entity organized for charitable or benevolent purposes. Typically, it is an incorporated body.

Expenses eligible for reimbursement and coverage. Typically medical costs or other charges under the health plan contract.

Equal to the point size of the type. Unit of relative distance in typography traditionally the width of capital (uppercase) letter ‘M’ in the face and point of type being used. Example:

New technologies that will substantially alter the business and social environment. These include information technology, wireless data communication, man-to-machine communication, on-demand printing, biotechnologies, and advanced robotics. All of these are currently improving

Employee retirement benefit. A trust account the employer contributes to and earns taxable income deduction. The employees earn interest and employer contribution but are taxed on both. When receiving retirement, the former

A program or system that functionally duplicates a known program or system. The duplication shows in the behavior and results of another software, but typically the performance of the original software is

A planned or obligated expenditure in an accounting ledger represented by a posted entry record. The required amount to fund the item is reserved and posted as an obligation when initially posted

A variable whose values vary based on a functional relationship in a model. An example is consumption expenditure and income are variables functionally related (endogenous) to a model of income determination. Basically,

Generating heat or electricity by burning waste material from a process. A traditional resource recovery method.

Manages membership in a health insurance plan. Department accountable for enrollment process in a company or group.

Known also as enterprise resource planning.

In general, the age someone registered for something can participate. Example: age an employee is payment-eligible in a pension plan, usually age 65.

Environmental guardianship based on policies and procedures. Objectives are (1) the conserving of natural resources, (2) the preserving of the existing natural environment and, (3) where possible, repairing damage and reversing trends.

A two-sided mathematical statement where the left and right side statements have equal value. Used to evaluate a value or identify the value of one or more variables in the equation. A

An OVERTHECOUNTER SWAP involving the exchange of a floating INTEREST RATE for potential gains from the appreciation an EQUITY reference index (which may take the form of a single COMMON STOCK, a

The way investments in subsidiaries is tracked by a parent company. The profits and losses are posted on separate accounts for each subsidiary as a balance sheet. This begins from the time

A measure of the number of years it takes for an investor to recover the initial CONVERSION PREMIUM paid in acquiring a CONVERTIBLE BOND, typically computed as: where Convprem is the conversion

1. In Construction, this is an allowance to change the contracted price for labor, material, etc., based on a change in market prices or a consumer price index (CPI) as a benchmark.