Category: Finance Dictionary

The authority and power of a specified entity to carry out specific provisions provided by part of an agreement, a constitution, or point of law.

Any recognized, documented living organism that is at or below a baseline number of existing specimens projected to be the minimal number necessary for normal breeding and continuation of that specie. This

Established in 1795 this government body makes recommendations on national energy policy and domestic and foreign commerce. Consumer protection, public health costs, and energy resources regulation are parts of the policy recommendations

A law of Economic theory. Income spent on food, as a percentage of overall income, decreases as income increases, other factors remaining constant. This law suggests that the percentage of income spent

Strategic design or ‘blueprint’ of corporate business, not the computerization. This blueprint is a business flow diagram of the business components employed in specific functional operations, the interrelationships of those components, and

A contract clause overtly stating that the contract contains all aspects of agreement between an insurer and the insured. The application, endorsements, and conditions, as well as a list of specific points

Documents needed by importers certifying the products are legal imports. The importer calculates and states value, classifies goods, and determines proper duties, fees and taxes. Must be submitted to US Customs, who

The study of the limits of human understanding, the study of knowledge, its basis, nature, and origins. Seeks to answer how knowledge is gained, what it is, and how to measure and

Specific coverage on specific types of equipment for specific types of damage.

The entity owner of shares or stock. More commonly known as a shareholder or stockholder.

A calculate value by the following formula: value of owner’s equity divided by the value of all the assets involved. No debt financing is involved in the calculation. Identifies how much has

Text correction attribution in a short or minor document revision. Does not add text, as in an addendum, nor does it remove text, as in a corrigendum.

Industries an economic society declares as critical. The industries as well as their suppliers are included. Examples Steel, gas, electricity and communications are just a few examples.

Legal ban arising when an entity purposefully causes delay of a claim being made, a legal ban is established.

The OFFER side of the EURObased interbank DEPOSIT market, or the rate at which prime BANKS are willing to lend funds. EURIBOR, which is set every business day at 11 am Brussels

Collaborative managing group for many countries in Europe over the combined production of coal, iron and steel. The Treaty of Paris in 1951 began this effort. In 2002 this community merged with

Planning process event of comparing an estimated risk with its associated reward opportunity(ies).

Means the shares buyer has no forthcoming dividend. Contrast to cum dividend.

Cash available that is greater than what is planned. Exhibits as greater revenue on its balance sheet. The limit is typically 20 percent.

In a given situation, the use of aggressive capability above expectation. The capability use is deemed unreasonable or unwarranted.