Category: Finance Dictionary

A summary of choices and flows from start to finish. It is done in pictures to show where waste and error are occuring. It is one of the seven quality tools. It

When a company focuses on getting into a new market or industry.

Applying technology to change genes to make new species and a more marketable product. It is a controvercial practice over the long term effects on the environment or humans.

1. the area of an item using length and width. The space it takes up on a desk or on the floor.2. the space signals from a satelite can be recieved. It

Evidence that can be used in a court based on science. It can be blood tests, ballistics, and DNA.

An organization’s written, specific, approved rules set to govern its procedures and operations. These rules leave little room for misunderstandings. These rules may be strictly adhered to for compliance, or, as in

Equals about 25 metric tons or 72 cubic meters. Container industry term denoting one forty-foot container measuring 40 x 8 x 8 feet, or two twenty-foot containers measuring 20 x 8 x

Connecting customers, producers and suppliers in a distribution chain.

With delivery set on a fixed future date, goods or services are bought or sold at a certain price.

Unity of interest, possession, time, title. Joint-tenancy agreement’s legal requirements. (1) Unity of interest is the requirement that in duration, extent, and nature, all joint-tenants must have the same interest . (2)

Market share of an industry has no single entity or group to influence direction because so many entities are competing for market share, diluting and dispersing dominance.

An organization focused to defraud people. Forgery, false claims, stealing identities, counterfeiting checks and currencies are all fraudulent activities.

Unrestrained business activities, governed only by market forces of demand and supply. Unfettered by government interference of controls and regulations. Also known as capitalism.

A facility for emergency medical attention. Also known as an urgent care center.

The understanding that nonterritorial waters are open to all nations and people for fishing, laying of submarine cable or pipeline, navigation, overflight, scientific research, and so on. In times of war and

Transitioning temperature point where liquid turns solid. Each liquid compound and element has a unique point. For example, at normal atmospheric pressure that point for pure water is 0

Repeat air-traveler. Typically a member of an airline mileage program. Also refer to frequent lodger.

This is a term used for an entity, be it an individual or group or organization used to inhibit the identification of an owner or member of another company or organization. In

Borrower payment to the mortgage broker. Contrast to lender-paid backend fees.

1. In Psychology, it is satisfaction of reaching a goal, the euphoria of success and achievement. 2. In Retail, it is the completion of picking inventoried product to satisfy a customer’s order,