Category: F

Reduced productivity of a capital asset due to obsolescence. Decreased capability and throughput of an asset.

Using bonds or loans to raise monies. Sometimes done through issuance of securities such a bonds.

Disability benefits improvement at specific listed times during the plan or contract without rechecking insurability.

Interlacing fibers that have surface area and the strength to give it structure. It can be woven, knitted, or braided. Refer to textile.

The cost of making something at a location that includes raw materials, labor, and overhead.

Notice that is adequate for a party to react to. Refer to due notice.

Insurance for a beneficiary from the date of death in a time frame. When its over the face value is paid out.

The statement of the FASB that highlight accounting practices history.

Equipment that can recover from failure without disrupting operation. Disk mirroring or redundant controllers are used. The back up is kept to keep things going.

A situation when the expenses of a government are more than taxes. AKA federal debt.

A rule used as a defense before workers compensatoin. The worker is blamed for the injury not the employer.

When one party must act for another. They are entrusted with the care of property or funds.

1. a form having 3 lines or more. 2. digits that represent a number.

The term for 5 Massachusetts power plants made before new pollution laws. Their emittions exceed limit of the Clean Air Act of 1990.

Accounting that treats money to measure economic performance instead of a factor of production. The system monitors flow of money in an organization as assets, liabilities, revenues, and expenses.

A party that cannot create profit when it has many debts.

An institution that is the middleman for lenders and borrowers.It can be a bank, credit union, insurance company, financial company, or brokerage firm.

A department or area that has seperate cost data that is collected for reports. It could be a revenue center, support center, or another source with incurring fixed expenses.

The processes used by a company to control finances. It takes many forms like recording, verification, and reporting on transactions. These transactions affect the companies revenues, assets, expenses, and liabilities.

Acquiring proof that an issuer’s name and standing is good.