Category: Finance Dictionary

A software program written to meet the expected customer needs of a certain application. Opposite of custom programs.

In economics, occurs when assets and/or money rapidly flow out of a country, due to an economic event that disturbs investors and causes them to lower their valuation of the assets in

Also called financial leverage ratios, these ratios compare debt to total capitalization and thus reflect the extent to which a corporation is trading on its equity.

A finance company owned by a manufacturer to finance dealers’ inventories or to make loans to consumers buying the company’s products.

Disposal of storage of carbon compound that is controlled and maintained to prevent release into the environment.

The combination of structured planning and the active management choice of one’s own professional career.

Incoterms or international commerce terms are a series of international sales terms, published by International Chamber of Commerce (ICC) and widely used in international commercial transactions.

In within-subject designs, the undesirable effect that testing participants in one condition has on their later behavior in another condition. Carryover effects are a primary reason that researchers use counterbalancing. See also

On the books records of how much cash a company holds and the securities.

Trying to allocate any funds spent in battles & wars as gifts to other family.

A type of debt financing, in which a bank lends funds, generally for working capital, using the expected cash flows that a borrowing company generates as collateral for the loan.

When an employee takes cash out of a benefit.

Taking cash out of a policy or benefit, reducing the cash available as a death benefit by the amount withdrawn plus interest. This may mean forfeiture of the purchased benefits by the

Mail or email presentation of goods and services directly to perspective buyers. Source of items may from several different vendors or one vendor.

1. In law it is an order to prohibit starting or continuing a specific action stated in the order. Used against a person or an enterprise; usually issued by a court or

One common purchasing organization manages one purchasing system for all purchase needs of all of the departments of a company in a wide geographical distribution. Centralized purchasing helps negotiating the best deals

When a certain construction project is completed fulfilling the terms, conditions, and specifications of the job contract, an authorized architect and/or an engineer certifies this using this document.

Mass market retail outlets owned by one firm and spread nationwide or worldwide, such as Body Shop, KMart, or Wal-Mart. Typical attributes are (1) similar architecture, (2) store design and layout, and

Involving key players and stakeholders in organizational change to minimize resistance.

Fraudulent scheme. Additional checks are issued against funds that a bank has already credited into an account for deposited, but as-yet, uncleared checks (refer to check clearing). It is played as an