Category: Finance Dictionary

A fee with no discount offered to repeat customers.

When employees can decide their salary and benefits to their own needs. It can involve travel, housing, and paid vacations.

When current stockholders can buy more stock for a discount from a target firm at a discount from the market value.

A company that handles pension plans for lump sum payment or installments. The principal is guaranteed by a company or bank issuing the policy. The payoff comes with a variable interest rate.

A unit of liquid volume. The US and Carribean countries still use while other countries changed over to milliliters. It is 1.8 cubic inches or 29.57 ml.

An order that needs a repeat supply of goods that are the same as the original.

Anything added to food to make it unfit for eating. It can also be something added to make food heavier. Or it can be a foriegn food in a wrong place. It

When a property is sold by the owner and not an agent. No commission is paid making it cheaper. It can be complicated however and an agent is trained to handle such

The introduction to a subject in a book. It is before the main text. If the author wrote it its called a preface. It may have some changes in it or a

Using standardized, written rules and procedures to govern employee activities, an organization structures the work roles extensively. T

Used to advance a written loan by agreement on a future date at a specified interest rate. Automatically expires if the potential borrower does not exercise the loan.

A company’s 12-month future estimate off-price-to-earnings ratio (P/E).

A freight forwarder issues cargo shipment related documents. the forwarder must sign as a carrier or as a multimodal transport operator. Done to meet standard commercial requirements.

End-user friendly, high-level computer language. Provides the capability for non-programmers to write fairly short programs as queries to databases to generate custom reports. An example is IBM’s Structured Query Language, known by

Scope, boundaries of the overall context for an event or issue that occurred. Too narrow a scope potentially exclude essential context; too broad a scope potential includes useless, distracting context. A

Term of sale that the buyer is responsible for loading and subsequent charges beyond the seller’s price invoiced or quoted plus charges only up to the ship at the port of departure.

Useful item of consumption. Naturally in abundant supply. Needs no conscious effort to obtain it. An example is air. Contrast to an economic good. Demand and human effort is required to obtain

A facility for outpatient care to surgical patients. Also known as a surgical care center.

An estate retained indefinitely as rightful owner. Contrast to leasehold estate, which holds an estate for a limited period only with terms and conditions that are very specific. Also refer to fee

A way to project the total freight moved yearly over a collective or specific roads.