Category: F

Shipping industry term. Tariff class when paying one freight rate of a pooled collection of different goods for shipping. Also known as a consolidated shipment.

Advertising program by an airline for rewarding repeat, oft-airtravelers with mileage toward free flights and other goods and services. Also refer to frequent lodger program.

Hotel or restaurant’s customer reception desk.

Less advanced and mature developing countries’ capital markets. Seen as more risky, yet, payoff can be high. These investable stock markets are not as strong in emerging markets.

A place where orders are received, picked, packaged, and readied for delivery to the customer. Sometimes these location are independent third-party outsources used to complete taken orders.

Retailing a product family with relative prices and package discounting the line. Also refer to product family.

A person working 35 to 40 hours each week, every week. Refer to salaried worker.

Capable of performing one or more practical activities. Synonyms are worthwhile, useful, working.

Authorized third-party oversight required by government. Typically, financial services companies receive this oversight. Intent is proven compliance by managed operations to prudent and fair-mannered processes.

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

A rule in life insurance that lets the insurer pay some proceeds to a relative that is entitled to the policy. It minimizes legal costs on estates.

Equipment that fails in a selective way by shutting down the nonessential functions. It keeps primary work going until it can be fixed.

Insurance for injury or property damage to another party or vehicle. It is nonexistent anymore being replaced by auto insurance.

A form added to farm insurance that covers injury and damage.

A computer that is not dependent on the applications. It does its job without a network connection. It reduces server load. Refer to thin client.

A phase before design where a concpet is looked at to see if its worthwhile.

Taking the output and returning it to the earlier step for corrections.

The mortgage loans outstanding each year after it was started. It is a percent that effects survival rates for the FHA insured mortgage loans.

A report done by field engineers or other personnel.