Category: Finance Dictionary

Vehicle to record raw data. It is custom-designed for a user to easily read and interpret the results of an activity or process. It is one of the seven tools of quality.

As contaminant-free as can possibly be achieved by existing processes. Not guaranteed to by 100 percent free from contaminants, it is the highest reachable grade of purity.

Accountable to the CEO for sourcing, supply management and procurement for the company. Typically, the CPO reports directly to the CEO of a company. This is usually an executive level position of

Negative effects characterized by slowly developing symptoms on animal or human body. This is typically due to long, continuous exposure to low concentrations of a hazardous substance. The stopping of exposure does

Merging companies with different product offerings, increasing the market for product and service offerings to the same group of targeted customers.

Legal action involving a large group or class of people. Without having every member of the class join the action, a few individuals initiate a court case becoming representatives of the group

Employment opportunities unavailable due to wage rates being too high.

Natural fuel, like compressed natural gas or liquefied petroleum gas, or a blend like gasohol. It produces less pollution than the alternatives and it is used as a substitute for fossil fuels.

Section of an airport or port facility where goods are released once cleared by Customs upon satisfaction of clearance requirements.

Classification of the long-term weather in a specific area. General weather pattern over a significantly large area of earth’s surface. This weather’s average conditions covering a period of 30 to 35 years,

File locked down so that no new documents or records can be added. The lock down occurs because (1). Processing has been completed, (2). Updates are no longer possible, or (3). a

Consumer lease having no option nor requirement for the lessee to buy the leased item at the end of the lease period. Known also as walk away lease. An example is as

Final bookkeeping entries posted at the end of an accounting period for reducing all nominal, temporary accounts to zero. Balances of these accounts are moved to the income summary account, and drawings

Acronym for a subsidiary of the National Broadcasting firm, NBC, that provides business and financial news. In 1989 NBC and Cablevision agreed on a deal to operate this network. Some of CNBC’s

Collected conduct or rules in a reproducible document.

Mental procedures of judging, knowing, learning, perceiving, recognizing, retention, thinking, and understanding. These lead awareness and some understanding of the world around us.

Procedure for metal forming a steel ingot, cooled to a temperature making the metal no longer pliable or plastic, to be forged or rolled into sheets or other shapes. Known also as

Securities of subsidiary firms typically from holding firm or against its own bonds or other obligations by an investment trust . Short term debt security. Known also as collateral trust certificate or

Amount an insured pays out-of-pocket and deducted from an awarded insurance claim. This is typically a fixed sum, or a percentage of the total claim amount set when claiming insurance for a

The rules a government agency has to ensure that mandatory requirements are met.