Category: Finance Dictionary

Competitive bidding conducted at a private venue with closed bids. The bidding occurs in the presence only of the authorized personnel of the party requesting the bids.

Condition enacted when a mutual fund has much more money to invest than the availability of allowable investments.

1. In Accounting, this is the moving of account balances at the end of an accounting period from subsidiary ledgers, containing nominal or temporary accounts, to an income summary account. Known also

Statistical classification technique in which cases, data, or objects, such as events, people, and things, are subdivided into groups or clusters. It is a discovery tool used to help reveal associations, patterns,

A business strategy inviting customer interactive experience and developing interactive relationships. Co-creation allows and encourages a more active involvement from the customer to develop a long-term, worthwhile, use- rich experience.

Purchasing the entire available stock of a commodity or material.

Term for a criminal’s state of mind characterized by pre-meditated intent to commit a murder. Refer also to cool blood.

A sudden, dramatic slowdown, or stoppage, in economic production that leads to a steep decrease in prices that in turn leads to a subsequent connected fall in the level of employment.

Time a firm takes to collect its accounts receivables. Stated as an average number of days. It is the period between delivering an invoice and receiving the payment.

A variety of board types, such as a combination of corrugated with solid fiberboard, go into making this final type of board.

Insurance that covers two ways. First it covers multiple peril and than it covers general liability.

A party that is registered with the CFTC that helps manage, buys, and gives advise futures trading for another person.

The shareholders investment amount in a company.

An airline that links to larger ones in bigger cities. It is an affiliate and shares codes with the large chain airline.

A description of the firms history, resources, structure, performance, and reputation.

A shopper that visits stores to evaluate them. They are working for a marketing firm.

Getting time off rather than overtime pay.

When contractors bid on jobs. The two ways of bidding systems are open to everyone and closed to only specific groups. Refer to competitive negotiation.

A requirement that allows bidder to compete.

Transferring all assets of a company to shareholders assuming responsiblity for them. It helps pay off matters and debts.