Category: Finance Dictionary

Method from feudal times of English rule for serving private dining rooms or restaurant food. The waiter or waitress delivers portions to each guest from a large dish. Serving begins with the

Legal principle that Liability for crime(s) committed by a constituent business, department, or unit can be applied and made accountable corporate-wide.

A business adventurer; a business explorer. Takes advantage of an opportunity, real or perceived. As the decision maker, decides what, how, and how much of a good or service will be produced.

Equitable sharing of environmental impacts by a community. Environmental policies and laws strive to ensure that no one group or community bears a larger, unfair share of harmful effects from pollution or

An employer who overt advertises to being in compliance with the principle of equal opportunity. The focus is typically hiring and promotion practices. Such an employer will not discriminate and will terminate

A result that falls short of meeting the requirements of a legal assignment, yet, in the interest of fairness and justice, will be enforced by the courts, and documented as valid.

The worth of assets and money an entity invests (person, company, group) in another company or fund. Ownership is represented the number of shares the owning entity holds as investments over time.

Actual trading full or partial ownership of one or more security vehicles or investment risks between one or more parties.

Accounting mistake posted to an incorrect account after a double-entry item error was made on one or both sides.

Projected final cost to complete a specific task or job.

Depends of society’s moral code. Personal code often differs from public code and often differs from legal code. Meant to mean that which is equitable, fair, and just when dealing with people.

Any currency from a specific country that is deposited or traded in another country. Known as Eurodollars, Eurosterling, or Euroyen.

Group formed to assure life settlement transactions are executed compliant to standards and with fair treatment. By selling the policy value to a third-party, a life insurance policy owner initiates a life

Designing and developing a promotion for a product, cause, or organization. Tying a sporting event, music festival, fair, or concert with themed activity, an occasion, some display, or an exhibit.. Known also

Make a bad situation, condition, or result worse. An example is putting salt in a wound. It makes the pain worse (exacerbates the pain).

Any INSURANCE coverage that becomes effective once the INSURED

A facility offered by certain EXCHANGES where two parties can agree to swap, off exchange, a FUTURES contract for a physical ASSET at the price quoted on the exchange. Before an EFP

Agreed-to, time-bound restriction for all involved parties to not make similar agreements with other, not included parties. Intent is to limit loss of capability and limit loss of intellectual capital while the

Specified, time-bound (typically 30 minutes), restricted exposure allowed to something unhealthy, even deadly. Meaningful especially in health and safety regulations.

A title typically in nonprofits than a commercial company. Usually a full-time employee in the role of working director finance, marketing, or operations. Position often scoped to allow for making director-level decisions.