Category: Finance Dictionary

Drawings, facilities, funding, personnel, spare parts, technical data, test equipment, tools defined as resources available for required maintenance tasks.

To make a particular item in-house, or to buy it from a supplier as a more advantageous determination. Qualitative quality control and quantitative relative cost are factors considered in the choice.

Investment manager administered and supervised investment account, containing one or more investor’s invested the funds. In proportion to their contribution to the account, these investors share in the gains and losses.

The management team’s ability to fit investment decisions to existing market conditions, such a timing and scale, versus to preset assumptions and goals. A mining company with managerial flexibility in its operations

Efficient and effective systematic assignment of appropriate personnel to jobs or tasks.

A 12-month period of one person’s productive effort represented as a unit of work. Also known as labor year.

Total benefit change of some households or businesses due to a unit change in other households’ or businesses’ consumption or output.

A taxpayer’s taxation rate on the last income dollar. Earlier income tax rates are lower, and the rates increase at specific income increments as income increases.

Law governing sea or seaport bound actions conducted and commerce transacted. Registration, license, and inspection procedures for ships and shipping contracts, insurance and carriage of goods and passengers are included.

Particular product’s or service’s increased demand, tracked over time. If consumers have no high demand, growth is slow or stagnant. If consumers develop product or service loyalty at a specific price level,

The path from vendor to the consumer of a company’s goods and services, flowing in one direction. Also, this is the path that payments from consumer to the vendor generated by sales

Stochastic process in which at any stage an observation’s expected value, conditional on all previous observations, is equal to the most recent prior observation. Named after the harness that holds a horse’s

Within a specified geographical area, a distributor with the right to appoint sub-distributors is authorized by a manufacturer in this specific type of arrangement.

An Accounting term that is a fundamental concept of accrual basis accounting. It offsets revenue by expenses based on their cause-and-effect relationship. It states that the costs incurred in a period should

an officer of a vessel signs this type of document making a receipt that is evidence of a shipment onboard the vessel. It is not a title document and acts as an

after a specific amount of time has passed, the pay-out is the guaranteed amount of a life insurance or segregated fund contract. After ten years have passed the contract’s specified beneficiary will

The worse case scenario used to calculate risk.

Defined as the average of the absolute differences of each value in a set of values to the average of all the values in that set. Absolute differences is the difference between

An arranged value set finds this specific type of value or quantity at the ascending or descending order’s halfway point. When an odd number of values exists in the set , the

As determined by the Social Security Administration as eligible for Medicare benefits, this is anyone who is this type of person.