Category: Finance Dictionary

Cleaning of equipment in its stationary location while assembled. The equipment is cleaned and sanitized in modern food processing plants by automatic, computer-controlled devices at the appropriate time.

An EXCHANGE member that is permitted to clear trades directly with the CLEARINGHOUSE, and which can accept trades for other clearing members and NONCLEARING MEMBERS. CLEARINGHOUSE (1) In the DERIVATIVES market, a

Narrow profit margins or spread characterized this market. Contrast to wide market.

Accompanied by a select set of answers one can choose. Example: Multiple choice questions.

Selling off of discontinued, obsolete, or slow-moving stock, typically through a clearance sale.

Spore specie of clostridium bacteria that produces the botulism toxin leading to botulism and other serious pathogenic conditions. Notated also as C. botulinum or Clos. botulinum.

Paper or paperboard covered with a thin layer of clay that enhances reproduced bright colors in printing.

Statistical measure of the linear relationship or correlation between an independent variable and a dependent variable. Represented by the lowercase letter ‘r’, its value of worth varies between 1 and 0, where

Analytical study of a group sharing several similar characteristics, such as habit of smoking or a particular disease. The study group is simultaneously monitored closely over time with another contrasting group, such

To share and institutionalize quantitative structured or qualitative unstructured information by using integrated software, such as Lotus notes or Microsoft Meetings. Such information would otherwise be lost as employees leave the firm,

A known employee or peer in the same profession, business or organization. Known also as coworker.

A specific quantity of a consumable item is stored at a customer’s premises, under agreement by the customer and owner-seller. The item is replaced, with the consent and knowledge of the customer,

Insurance for businesses to cover a forged check.

A 9 character number that is used to register a security in the US and Canada. Other countries have their own system similar to this one. Reer to International Securities Identification Numbering.

The rule in life insurance stating that the beneficiary must wait a period of time to get their inheritance. It is paid to the estate. AKA survivorship clause.

1. a message or object that is used to communicate. 2.a short report to update the public on a project.

An elected member on the board of directors. They are responsible for policy but do not have to be a share holder or employee. The decisions made are based on meetings and

Estimating cost based on how much the previous job cost to complete.

A group that evaluates the pay and sets it for the senior level employees. The community might be involved. Goals, and awards might also be considered by a committee.

Comparing the performance of a firm and its compeition to find the reason for the difference.