Category: Finance Dictionary

Coins or paper currency with value less than one of a basic currency unit. Such coins are pennies, nickels, dimes, quarters and half dollars in the US. Typically, government-minted.

This monetary union uses the abbreviated ZF after its French name, ‘Zone Franc.’ A union of Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Comoros, Congo, Equatorial Guinea, France, Gabon, Cote d’Ivoire,

Available cash; Part of a firm’s liquid assets.

Only the forces of demand and supply constrain deals of buyers and sellers that they wish to make. Example is a stock market. Also refer to market economy and open market.

A free-trade agreement of two or more countries forming a geographical area edged by the national boundaries of the members.

Operated by volunteers and funded by sponsoring organizations, this is typically a community-based electronic bulleting board system (BBS) type of network providing basic email and internet access.

A company that handles the tasks of preparing goods for transport for a shipper. Transport tracking, document preparation, warehousing. Storage, cargo space booking, negotiating freight charges, consolidating freight, getting insurance, and filing

A term applied to material that crumbles into very small pieces very easily, with very little force, as from a finger or hand. Materials that decompose this way hold a higher danger

Putting most of the fees or cost for a service or job upfront at the start, regardless of being earned. Sometimes considered fraudulent.

An emotional feeling. Occurs when stifled from succeeding due to forces beyond one’s control. These forces are sometimes malicious or deliberate acts to inhibit progress or success. Force majeure causes frustration in

As a firm’s registration certificate requires.

Commercial insurance requirement for periodic (annual?) reporting of asset value to the insurer by the policyholder. Coverage sufficiency for the asset is assessed for potential loss. A failure-to-report-accurate-value penalty is included.

Useful life expenditure equals the over-time spread-of-cost.

Typifying fixed expenses by repeatable process.

Foundational; bottom-line component; vital point; without this item, nothing constructive can be built; a core or key aspect of something bigger.

An EXCHANGETRADED DERIVATIVE contract that permits the purchaser to buy, and the seller to sell, an ASSET at a predetermined future price and delivery date. Standardized futures contracts are available on assets/securities

Using several methodologies, like computer modeling and Delphi method, in an intensive study of historical and current trends as a systematic attempt to predict future developments. Contingency, long range, and strategic planning