Category: Finance Dictionary

With all other factors remaining constant, this is an activity’s overall benefit increase caused by a unit’s activity level increase. Also known as marginal benefit.

To evaluate an insurer’s practices and operations, the state’s insurance department conducts this type of examination. The intent is to establish in that state the insurer’s authority and worthiness to practice its

A producer’s strategy of setting a high price for an exclusive, new high-end product. Some examples are a very expensive perfume or a uniquely differentiating technical product, like a one-of-a-kind software or

An identification consisting of letters, numbers, and/or symbols painted, printed, stamped, written, or otherwise affixed to cargo containers or packages. The shipper is responsible for marks. Any backfreight or overcarriage due to

Goods that many people, even most people, consume each and every day. Candy, diapers, milk, snacks, soft drinks, and toilet paper are a very short list of examples of products mass merchandised,

Subsequent copies are made from this one original document.

If known to the other party, a contract, deal, or transaction could have been aborted, or significantly altered by this deliberate hiding or falsification of a material fact.

Exists when the population birth rate equals the death rate, or is less.

After the expiration of a claims-made liability policy this is an extended period for reporting claims.

Dividing retail store activities into four major areas or departments as a management technique: (1) merchandising – responsible for buying and selling, (2) accounting and control, (3) store management, and (4) publicity.

Components, elements, or parts, and the associated energy and information flows enabling a machine, process, or system to achieve its intended result within this type of logical assembly.

Total benefits divided by total premium as this specific calculated ratio.

1. The point where nuclear core overheats and melts causing a core failure. Known to be a catastrophic event it causes the loss of radioactive materials containment, which are released into the

To treat mental illness, substance abuse, or alcoholism these specific types of supplies are needed.

Acquired by Bank of America in 2008, this financial advisory and brokerage company, failed during the height of the financial crisis. Merrill Lynch was founded in 1914 in New York City. Through

Broad principles or rules in this specific type of system. Used to guide a user to the specific methods or procedures needed to derive, interpret, or solve different problems within the scope

Making food unfit for consumption by Clostridium botulinum inclusion in an item used as food, or growth of other harmful microorganisms.

One-millionth (1/10x10x10x10x10x10) of an inch.

In a management professional’s career progression, this is specific type of period characterized by few promotions. A mid-career plateau often signals additional training or education is necessary. From middle management to upper

Monies reimbursed to a person when using a personal vehicle for business purposes. People are often provided a mileage allowance when working in outside sales as part of their overall compensation. A