Category: Finance Dictionary

A way to request proposals from contractors. The contract is sent in and negotiations begin. If the bid doesn’t match than another is considered. The process is done when the winner is

Identifying the competitions weakness and strength and using that your firm’s advantage in the market.

When the project itself repays the loans. Before a contract is done the sponsor is the source of cash flow.

Ideas that try to explain complex happenings in traditional ways. It integrates many theories to do this. It tries to get complex behavior into simple rules and connections.

The difference between components and their importance.

Wood that is processed with rsin and compressed to make it stronger. Refer to impreg.

Refered to as compulsory winding up in the United Kingdom, this is when – on issuance of a court at the request of a companies creditors – a firm’s assets are sold

When a business sticks to a single market. The loss is more but compeition is increased.

A business is set up in a location with the understanding of being the only firm offering a particular commodity.

The possiblity that an item will not work during a time if it is still running at the time of that specific period.

Preparing taxes that lets deductions, income, and claims pass from one to another. It prevents double taxes.

1.following a standard. 2. filling a contractual obligation

A situation where a less productive member of the team holds the rest of them back.

A forecast that different departments add their forecast to, to reflect all levels of management.

Abbreviated form of Consolidated Fund Annuities, representing PERPETUAL DEBT issued by the UK government as part of its GILT program. Consols, which form part of the government

An industry where units are of comperable cost regardless of volume or growth potential. Input costs don’t go up when demand does in this case.

Teaching idea that considers learning what happens in the students brain based on their own thoughts being related to a new experience. They each make their own models of the world to

The way a customer buys from a business on the internet.

Preventing the consequences of a bad event in a company.

Charging commission based on profit from reinsurance. The ceding company gets this plus the normal commission.