Category: Finance Dictionary

A good that is sold freely to the public. It can be agriculture, fuel, or metals. It is traded in bulk in the commodity or spot market.

When many firms gather through a single goal. It can be shared employees and management, shared profits or loss, or ownership. If they seem to be bonded than it is sometimes assumed.

The right of a beneficiary to accept a lump sum instead of payments.

The employees first experience in the new job. They are taught history, values, and goals for their new place of employment. They are also educated about the market and products offered. Rules

The way a selling price is decided. The other brands are compared to make this figure.

When an employee is chosen based on what they can do rather than what they can’t.

Bidders from the treasury that are usually banks.

The business areas a firm can do well in based on cost and leadership.

A service that comes with a product for support.

An OVERTHECOUNTER COMPLEX OPTION that permits the buyer to choose between an underlying CALL OPTION (with a certain STRIKE PRICE and maturity) and an underlying PUT OPTION (with a different strike and

Anything made up of many parts that are needed to work as a whole but still keep their individual identity.

The probablilty of two events happening at the same time.

A fuel used by an internal combustion engine that produces minimum hydrocarbon, however a high nitrogen oxide output that is contained at a pressure between 3,000 to 3,600 pounds per square inch

Combining hard and soft ware to monitor equipment in the manufacturing process.

When an invention is tested using a prototype.

Loss that occurs when two events or more come together. One event may be covered by insurance while another isn’t.

A hotel thats a highrise with condo units in it. They are sold to parties for personal use as rental. It is a vacation hotel when its not occupied.

A statement written from a place of service. They will honor the arrangements made. A written agreement is binding but an oral one is not. A hotel or rental car uses this.

Diversifying by entering a new market with not relation to their own operations.

The relationship between individuals, machines, and global networks.