Category: Finance Dictionary

Friction that happens when incompatible parties or differences.

An agency that reports data about the federal budget for congress members. It gives an accuarate set of information to make good decisions about money and tax policy. Its a nonpartisan entity

The European center that is specific ot nuclear research. The world wide web was invented there by Tim Berners Lee.

Symbols on packages that help them be easily identified and categorized.

A process that doesn’t change the scale. The increase and decrease occur at the same rate. It is a show off efficiency. Refer to declining returns to scale and economies of scale.

Services an architect or engineer does when they make documents for a property.

A government program that lets the Treasury department fund $1 trillion in loans for investors. It is used as collateral and backed by credit cards, car, or loan. It is used to

A port that is used for the loading of containerized cargo from boats. AKA container terminal.

A fund set aside for expenses due to disaster. AKA contingency reserve.

Taxing that occurs when a firm changes hands. The buying firm must keep the business going or keep most of its assets when the two merge to get tax deferred status.

Administrative functions related to dealing with contracts, like 1) request to bid, 2) evaluating bid, 3) allotment of contract, 4) Implementing contract, 5) measuring completed work, and 6) computing payments. It also

Characteristic of merchandise which can be transferred against any future deal, according to standard of future exchange based on which the merchandise is traded.

Alternative name given to contract of affreightment.

Depending on the assumption that deals exist to define the anticipations of the primary while offering a clear explanation of how an agent would benefit provided the expectations are met and contains

Not a genuine port for loading but is assumed as such in order to compute haulage charges or/and tariff for inland. Also known as commercial port of loading.

The practice of liberally interpreting, or manipulating, accounting rules in order to convey a stronger financial position. Smoothing income flows, reversing RESERVES, and capitalizing costs that should be expensed are forms of

The joining of service capability from either inside or outside a business, or both, to realize the same goal. Outsourcing, as an example, can provide internal expertise missing within a company and

A contra account that is used to fund EXPECTED CREDIT LOSSES. Reserves are established by deducting required amounts from operating revenues or current income, and are used when a COUNTERPARTY ceases to

A regulatory method of computing CREDIT RISK on a SWAP under the BANK FOR INTERNATIONAL SETTLEMENT