Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Key business statistics as measures of a firm’s performance in critical areas. Typically, monitoring is essential for such business activities that would likely cause severe losses or outright failure if done incorrectly.
Compensatin offered to a bank so a company can use its services. Refer to equity kicker, carrot equity, and sweetner.
1. A very similar looking product copy a patented, trademarked, or copyrighted product or work that is cheaper as an illegal version. 2. A cheaper version of a higher-priced material or product
Earnings system that compensates employees skill level proficiency and gained education. The employee incentive is improve skills set and education. Reaching certain goals in education, training and skill development translates into higher
The time it takes an insurance claim to process.
Offer termination, regardless of the reason, other than completion of the deal. An offer lapses due to (1) expiration date reached; (2) a reasonable period has gone by, having no specified expiration
Commodity or security price on last transaction executed and posted on an exchange.
A pricing model that uses an assets ending value and calculates backwards to manage the fund.
That conflicts be resolved based on the facts of the situation. Human relations school of management concept. Rejects references to relative superiority of any party over the other. Oddly promotes the resolutions
Coordinating bank or underwriting firm for an underwriting syndicate as the organizer and a member. Launch and sale of the issue of securities underwritten by the syndicate are primary roles of this
Where it is inordinately difficult to identify or implement a best practice, this team is used instead.
Subject matter expert’s formal presentation and a question-and-answer session that typically follows.
A perspective that legal rules are to benefit the larger society and public policy based on judicial decisions. Neither dogma or supernatural authority applies. A court is expected to determine ‘legal rights’
how long a person has worked at a company or has belonged to an organization. Longevity in a position; duration of service or employment.
Rank, authority, ability/limit for signing a legally binding contract, actions allowed, spending limit, or delegation rules and limits are all typical items documented in this type of written confirmation.
May be written prior to death or issued by the probate court. Grants an estate executor permission to do what is needed to distribute stated assets.
Authorized or directed inventory quantity, to meet anticipated consumption or demand, stated for a stores or materials department.
Money available to company’s stockholders after paying incurred debt interest. The bigger the debt interest due, the less money left for distribution.
1. In General, this is defining the cyclical nature of living organisms. Tracking cradle to grave life stages: birth, growth, maturity, decay, and death across families, organizations, processes, products, and systems. 2.
Health, safety, sustenance, protection, and a means of escape, survival, and recovery of personnel is how this application of scientific knowledge ties into critical human factors.