Category: Finance Dictionary

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 requirement of the occupier of the property to ensure safety while on the premises. Refer to duty of care.

A person who believes in communism. Problems are solved by taking away private ownership and making everything a community good. Well known members of this group are Karl Marx, Vladimir Lenin, and

The law that a company runs itself by. It is the standards and how they reach their goals.

The formatting for a balance sheet that shows each item for the current and last period. They are dollar amounts or percentages. Refer to common size financial statement.

How the commission is decided by agents based on sales revenues. Refer to compenstation structure.

The never ending process of comparing one firm to their competition.

Buying using quotes from suppliers in whice the best one is chosen based on price and product. AKA competitive proposals.

An asset that is bought in amounts of more than one. An example of this is a tire. AKA complementary product.

1. a group of close buildings or a building. 2. a compound that occurs when nonmetal bond to metals.3. a syndrome or disorder.