FEDERAL DEFICIT
A situation when the expenses of a government are more than taxes. AKA federal debt.
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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.
A bulletin from the National Underwriter company to show coverage and types of underwriting in each category.
A rule that says a patent is given to the first to file it. The order they invented it doesn’t matter. Only the US doesn’t follow this first to file rule.
The government’s tax and spending that counters unemployment, low inflation, no inflaction and achieves stable economic growth. Depending on recession or expansion the policy changes. A surplus occurs when more taxes are
The who, what, way, whom, and what effect that is used to explain and explore an issue.
Depositing money at higher interest than savings with imposed conditions. It affects the amount, frequency,and period. AKA time deposit.
A contract that gives review and retroactive revision on price during the contract drafting. AKA fixed price contract with provision for redetermination of price. Refer to fixed price contract with economic price
An airline or shipline that registers under the laws that govern it. The country can have total or partial control of the vessel. In the maritime law it must be displayed prominetly.
Insurance cancelled on a specific date. No premiums are paid.
A standardized OPTION contract traded on an EXCHANGE that allows buyers and sellers to select key contract features such as STRIKE PRICE, EXERCISE style, and maturity date. Though not as bespoke as