Category: Finance Dictionary

Barcode with a 13-digit numbering scheme. Considered to be a world-wide standard, replaced the prior 10-number schemed UPC. Main use is identifying packages, shipping containers, and parts for shipment tracking.

Measurable, quantifiable benchmark, standard, or yardstick. Used to analyze results and map against the benchmark. Accomplishment, conformance, performance, and suitability are examples of characteristics analyzed.

A company’s development and transformations explored by the impact of its processes and resources in a field of study. Darwinian principles, sociology, psychology and anthropology are blended in this field of study.

Unexpected return, typically residual plus benchmark timing.

Banks having more cash reserve than the law requires. Low economic activity, weak loan demand, high interest rates, or tight monetary policies are typical contributing causes for this condition.

1. A tax on manufactured, exchanged, or locally sold produce goods. 2. A tax on a company’s revenue, instead of on the company’s income. 3. A fixed tax on an activity or

A primary care doctor having a preferred providers group or organization for referring patients instead choosing off a list of preferred providers.

The time-bound, measured amount of activity a person or machine or process can do. Measured against a best practice / best-in-class standard or benchmark.

Contractual obligation fulfillment actively being done. Some contractual expectations are yet to be done by one or more parties. An ongoing lease agreement is an example.

To lift, remove the stain of being called out for blame, liability, or punishment. It is more that just freeing an accused person of the responsibility for a criminal or otherwise illegal

Statistical prediction on the number of claims that will occur in the contract year. T

Simply, it is the difference between expected or budgeted expenses and actual, documented expenses. A cost overrun is an example of an expenditure variance.

1. Time spent learning a skill or field of knowledge. Superior understanding or mastery gained by actual practice acquired over months or years. 2. Known also as tenure (Definition 3).

An expense that is both contractual and definite. It can be rent or wages for example. They are recognized for recording.

A document the government agency needs for export of technologies, prohibited material, dangerous material, stragetic material, or goods that are in short supply.

A bigger organization that represents all its entities that are involved with it to make a product for the user.

A party that interacts with an organization and influence performance but do not control things directly.

A financial statement that tells outside parties the firm’s position and their results. They give detailed information to help with decision making and management.

The dangerous 364 chemicals the EPA lists on its website including firstaid procedures.