Category: Finance Dictionary

Stochastic process in which at any stage an observation’s expected value, conditional on all previous observations, is equal to the most recent prior observation. Named after the harness that holds a horse’s

Within a specified geographical area, a distributor with the right to appoint sub-distributors is authorized by a manufacturer in this specific type of arrangement.

An Accounting term that is a fundamental concept of accrual basis accounting. It offsets revenue by expenses based on their cause-and-effect relationship. It states that the costs incurred in a period should

an officer of a vessel signs this type of document making a receipt that is evidence of a shipment onboard the vessel. It is not a title document and acts as an

after a specific amount of time has passed, the pay-out is the guaranteed amount of a life insurance or segregated fund contract. After ten years have passed the contract’s specified beneficiary will

The worse case scenario used to calculate risk.

Defined as the average of the absolute differences of each value in a set of values to the average of all the values in that set. Absolute differences is the difference between

An arranged value set finds this specific type of value or quantity at the ascending or descending order’s halfway point. When an odd number of values exists in the set , the

As determined by the Social Security Administration as eligible for Medicare benefits, this is anyone who is this type of person.

No total increase or decrease occurs from this specific type of balance sheet transaction. Stock splits are a typical use.

as a compensation for a retailer’s special promotional efforts, a manufacturer or distributor reduces the wholesale price of a good, leading to this specific type of sales promotion incentive scheme.

Formulation of metal alloys, uses of metals, and the recovery, refining, properties technology as this specific science.

Efficiency, progress, performance, and quality of a plan, process, or product are assessed by these specific standards of measurement .

A scaled down, task-specific microcomputer. May/may not have an input or output device. Fuel injectors, security systems, or traffic monitors typically have embedded systems containing a microcontroller.

Small amount transactions; cost five dollars or less, typically only a few cents . Mostly done with the sale of information over the Internet.

After a claims made liability policy has expired to allow continued claims, this specific type of an extended reporting period is made. No more than 60 days after the policy’s end can

Short-term revenue generation strategy. Used by investors to boost stock prices or company revenues and generate profits quickly. It is given a higher priority than longer term concerns: brand development; stability of

Insurance that only covers one line of risk.

To be displayed and, therefore, traded on the London Stock Exchange’s stock exchange automated quotation system (SEAQ), this specific type of minimum share count is what market-makers must show. NASDAQ. an American

This specific ratio is a comparison of the gold ounce price to the silver ounce price.