Category: Finance Dictionary

Written or oral agreement associated as a second, or side contract made between the original parties, or between a third party and an original party. This typically occurs before or at the

A statement of accomplishment given by a college to students attending and completing a higher learning institution rigor in specific areas of study. This means that required credits have been obtained. Several

1. A letter the bank sends offering a short term loan. It is not a formal commitment. 2. When a parent firm send a letter to their children firms to support them

1. Risk a seller assumes when extending credit. 2. risk that is not related to politics.

Any areas that are shared by others in the same building.

An item for sale with a standard application, design, and system requirements. It can be bought from many places or be customized.

Any media that can handle animation, video, and sound. It is played on the computers CDI player or attached to the TV. The manual for this is called the green book.

An officer that the directors appoint to handle legal issues and legislation. They must set up meetings, record minutes, keep records, make payments, and draft contracts. This is the officer that does

An element that is a part of many jobs and is used to study employee behaviors.

Training employees based on their current skills and where they need to be to get the job done. It leads to good hiring practices.

When the supply meets the demand. The price is set by the competitive equilibrium.

A general process where a company acquires goods or services by extending to suppliers an invitation to tender a proposal. In general, the tender with the lowest price wins the order, although

Completing a task in more than one accounting period. It is considered in the total cost of finishing the job. The profits are uncertain. The profits are only present when the contract

A system of many parts that are related. It is not a simple system and requires more than one level of description. The properties are the result of the combination.

The part of a trip that connects three or more stops.

When interest is calculated on top of a loan.

The comparison of a companies income and output between the present year and the previous year in an attempt to forsee forthcoming profits or losses.

The amount of a substance in a mix in a volume of liquid.

A prototype of an organization showing how well the system meshes with other organizations and how it functions within its own structure.

A rule in a contract that parties must do what they agree to or a demand can be placed to perform the action required. Refer to conditions concurrent and condition subsequent.