Category: Finance Dictionary

UK term for an individual whose compensation and benefits are taxable, and who is works regularly, full-time or part-time.

Confirming a person’s employment eligibility. Involves checking past work history of current or potential employees. Insuring details provided by the employee match the information found. Occurs typically prior to hiring or promoting

The method used to encrypt and decrypt communications or data files. This can occur on paper or electronically. The method is typically a mathematical formula or Key. Both the sender, the encryptor,

The concept that economic growth depends on government-negotiated, but non-international trade policies, industry access to capital and human resources, and effectiveness of internal processes. Popularized in the 1980s, this theory allegedly explains

Category of energy consuming appliances and equipment. Overall energy efficiency rating (1) within the top 25 percent ratings, or (2) 10 percent better than a minimum standard are the basis for selection

Requested or provided change that increase the value of an item or improves overall capability or available functionality.

A multiple (factor applied to value) that depicts a company as a potential acquired would. This multiple is applied to calculate the value of the involved company. It factors in the debt

Entrepreneurship expenses exceeded by income received.

Optional practices and guidance focused on the management of air emissions, wastewater effluents, and solid waste. Collection of current best environmental practices.

Individual’s right of access to courts equal treatment under the law. Similar to the right to due process of law, equal protection of the law specifically focuses on fair, equal treatment.

A real right, but not a legal right, in a property. Examples are a life tenant, or the beneficiary of a trust. Known also as equitable estate.

A fixed income security, such as a bond, uses the rise and fall of another specific common stock to determine interest owed on the first security.

Total value of a company after subtracting out liabilities and debt.

A statement that a reinsurer’s liability is not nullified due to textual errors or omissions.

Projected collection of monies from sales based on some previous experience. Usually time-bound for an accounting period. Can include interest yield.

Investing in stocks of company’s considered to by ethical. An investment philosophy. Usually done through mutual funds or unit trusts.

European issued junk bonds. The Virgin Group is an example of an issuer.

Expiration-date execution is the defining characteristic of this type of option. Contrast to an American option; execution can occur any time before and on expiration date. The average price of the underlying

Automatically renewed, rollover agreement every maturity period. Continues unless any involved party cancels the agreement.

A share of COMMON STOCK that lacks DIVIDEND rights and voting rights and is only entitled to possible capital appreciation.