Category: Finance Dictionary

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.

The repeat traveler who gains by staying at a particular hotel or at different properties owned by the same chain. Also refer to frequent fliers.

A process where the BANK OF ENGLAND attempts to influence UK money supply by lending directly to discount houses and other financial institutions. See also BACK DOOR.

An INSURER that is interposed between a CEDING INSURER or CAPTIVE, and a REINSURER. Use of a fronting insurer allows the insurer or captive to access the professional reinsurance market directly and

Travel cost at normal one-way price, with no discounts.

No-loss lease. Leased asset or property seller or owner or lessor recovers the full cost of the item. This includes the original cost plus profit margin, interest, and other cost no matter

The ratio of total paid hours during a period to the total of working hours in that period. (part time, full time, contracted) . Typically done for a Monday-to-Friday period covering part

1. Grouping of individuals in the organization, on the basis of the business work each performs. 2. Grouping of activities or processes based on their need to accomplish one or more tasks,

Organizational plan for functional areas such as human resources, marketing, R&D, MIS. Other corporate and business strategies are supported by each org plan, customized to its sector and industry.

Bond issuers retire outstanding bonds, especially high-coupon issues, using one annual sinking fund requirement. A repeatable, advantageous method.