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Unrestrained business activities, governed only by market forces of demand and supply. Unfettered by government interference of controls and regulations. Also known as capitalism.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Unrestrained business activities, governed only by market forces of demand and supply. Unfettered by government interference of controls and regulations. Also known as capitalism.
A facility for emergency medical attention. Also known as an urgent care center.
An owner’s right to make testament of leaving any asset to anyone of the owner’s choosing. The only limitation is where the owner has other legal obligations, or where legal soundness of
The process of persuading MINORITY INTERESTS of a target company to sell their shares after a TENDER OFFER has been made. The intent behind the freezeout is for the acquiring company to
Rewarding customers to repeat buy frequently. Usually a promotional program aimed at encouraging these types of sales.
Atypical, additional compensation above direct wages or salaries. Usually taxable as income. Company car, house allowance, special medical insurance, pension plans, meal allowance are some examples. Human resource management hiring incentives.
Life insurance policy with most expense charges initially subtracted from premiums paid.
Additional fee for travel used to cover increase in fuel cost for the type of transportation used. Collect on a by-ticket basis.
1. In Accounting, this is the practice of disclosing all material facts truthfully and completely to avoid any misunderstanding. 2. In Patenting, this is the disclosure of all material facts to avoid
Typically has a restaurant attached to it. Also refer to full service restaurant.
A condition a person must achieve to be eligible to collect social security retirement benefits. A section of OASDHI detailing the condition requirements. OASDHI stands for ‘Old Age, Survivors, Disability, and Health
Reduced productivity of a capital asset due to obsolescence. Decreased capability and throughput of an asset.
The units of other mutual funds comprise the investment of this mutual fund’s resources. Known also as umbrella fund.
Total expense to obtain needed equity monies. Contrast to financing cost, the price of obtaining debt capital.
Quality control experiment. Traditionally, it is hitting a mark on a smooth, flat surface below a funnel guiding marbles dropped. Demonstrates the need to remove variation from a process or a system.
Trading center exclusively for trading futures contracts and commodity / financial instrument options. This entity has set rules and regulations. Establishes a market for buyers and sellers. Chicago Board Of Trade, Chicago
The PRINCIPAL amount of a security; for standard securities transactions, face value, and PAR VALUE are often equivalent. Face value is distinguished from MARKET VALUE, although in many cases they converge to
Facts that are assumed to help an investigation or solve a problem.
Finding a cause in similar failures. The malfunction appears before and after the actual failure.
The lease on equipment where it can be continued at a FMV renewal rate to buy it at the FMV price.