Category: Finance Dictionary

How a firm can offer products to meet standards of the market at good prices to get profits.

Ethyl Alcohol that is not drinkable because methanol is added to it. It is expemt from the duty placed on a drinkable alcohol. Refer to specially dentaured alcohol.

1.the number of math steps to get the answer. Refer to computability theory. 2. having many complicated parts that are linked. It can be related to people and their effect on the

Two or more materials that dont bond but still work together.

The time from one interest payment to the next one.

The guideline that allows a copyright owner to negotiate a fee in order to grant a license.

The market shares that are owned by the largest firms.

An all-encompassing word that describes all for profit and non-profit organizations.

A rule in a contract that allows interest to be defeated if a specific event occurs or doesn’t occur. Refer to conditions concurrent and condition precedent.

Behavior that an shows in reactions and inaction.

A disagreement among nations or legal codes and different jurisdictions.

Research where customers trade off between two products. The most and least preferred analysis is used to evaulate the price an item should be.

A contract that can be oral or written and is agreed to by the parties involved.

The idea that once an accounting method is chosen it is followed until the end. If a change is made it must be disclosed and explained. AKA consistency concept. Refer to accounting

Accounting that displays funds in the same currency rate without inflation to keep comparison easy. AKA constant cost accounting or constant dollar accounting. Refer to in real terms.

The amount of control a law has over behavior.

The money borrowed to a party for their own purposes. The government monitors these loans to protect the consumer and their regulations. AKA comsumer credit or consumer lending.

Moving cargo in containers with equipment but there are is no rehandling.

A single event that the government taxes for an economic issue. It can do this for natural distasters, import excess, and recovery.

Interest that is compounded and added daily to the previous days balance.