DISCRETIONARY ACCOUNT
A customer brokerage account where the client gives the BROKER authorization to act on his/her behalf in buying and selling securities. The client may limit the discretion granted through time and/or price
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A customer brokerage account where the client gives the BROKER authorization to act on his/her behalf in buying and selling securities. The client may limit the discretion granted through time and/or price
A right granted by investors to an issuer of BONDS that allows the issuer to double the amount of the SINKING FUND provision in order to accelerate repayment and ultimate redemption.
A15 year MORTGAGEBACKED SECURITY issued by the FEDERAL NATIONAL MORTGAGE ASSOCIATION. See also GNOME, MIDGET.
Wage higher than market that raises worker morale to achieve higher output and discourage absenteeism and inventory shrinkage.
1. In Economics, this is the measure of responsiveness to an increase or decrease in its price or capability of a good or service to demand and supply of a good or
A clause stating that only fire caused by electrical current and causing damage to appliances is covered.
Merchant account provider, or some other credit card transaction processor using point-of-sale terminals, or a specialized software for online transaction, for submitting and validating credit card transactions See also automatic data capture.
An electronic method of conducting any and all activities that can occur in a face-to-face meeting or telephone conference call. It facilitates participation, problem-solving and decision-making. See also Group Decision Support System
An entity organized for charitable or benevolent purposes. Typically, it is an incorporated body.
Expenses eligible for reimbursement and coverage. Typically medical costs or other charges under the health plan contract.
Equal to the point size of the type. Unit of relative distance in typography traditionally the width of capital (uppercase) letter ‘M’ in the face and point of type being used. Example:
New technologies that will substantially alter the business and social environment. These include information technology, wireless data communication, man-to-machine communication, on-demand printing, biotechnologies, and advanced robotics. All of these are currently improving
Employee retirement benefit. A trust account the employer contributes to and earns taxable income deduction. The employees earn interest and employer contribution but are taxed on both. When receiving retirement, the former
A program or system that functionally duplicates a known program or system. The duplication shows in the behavior and results of another software, but typically the performance of the original software is
A planned or obligated expenditure in an accounting ledger represented by a posted entry record. The required amount to fund the item is reserved and posted as an obligation when initially posted
A variable whose values vary based on a functional relationship in a model. An example is consumption expenditure and income are variables functionally related (endogenous) to a model of income determination. Basically,
Generating heat or electricity by burning waste material from a process. A traditional resource recovery method.
Manages membership in a health insurance plan. Department accountable for enrollment process in a company or group.
Known also as enterprise resource planning.
In general, the age someone registered for something can participate. Example: age an employee is payment-eligible in a pension plan, usually age 65.