Category: Finance Dictionary

The act of streamlining faclities to get rid of redundancy. It is used to decide the size of an operating facilty.

A reasonable or likely consequence of an act.

A written, outlined retirement plan, stating specific, legally-enforceable rights available to eligible employees.

A bilateral OVERTHECOUNTER DERIVATIVE that permits the purchaser to buy, and the seller to sell, a reference ASSET at a predetermined future price and future date. Unlike a SWAP, a forward contract

Commodity or currency spot price today minus the price on a set future date.

A receipt for the goods shipped with other cargo as one consignment. Consolidation is done to take advantage of better freight rates. Freight forwarder or consolidator issues it to the shipper. The

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,

Sometime illegal stance of Producer or supplier insistence that a dealer carry a full product line range. Not considered illegal if business need reason is legitimate .

Ordinary theft or burglary insurance policy. Unavailable to retail stores or hotels. Includes casual theft and other dishonest activities.

Visible or invisible (1) inorganic or organic liquid evaporations, (2) incomplete combustion exhaust, like from a gasoline engine, (3) chemical reaction exhaust, (4) heated metals or metallic compounds exhaust of submicroscopic particulate