Category: Finance Dictionary

Environmentally acceptable waste disposal to fill a depression in the earth. Typically, non-hazardous waste is layered and compressed over a specific area of land. At the end of each working day the

When an investory pays the insurer less premium and is willing to take on more risk.

A consumer expectation, desire or preference, that goes unsatisfied because acceptable goods or services wanted are not available or too expensive. Influencing the potential buyer to use available money in favor of

Observation: Increasing production costs are an economic reality when a company changes its product line to take advantage of some economic opportunity. This is caused by inefficiencies in retooling and reallocating specialized

Typically, polluted water as a landfill site runoff. Natural water sources are at risk if this is not collected.

1. The position as head of a group of people or an organization. A type ability attributed to leading. 2. One or more individuals allowed to lead an organization as a group.

Website of various source of learning and training goods and services.

A lawful or legally standing association, corporation, partnership, proprietorship, trust, or individual. Has legal capacity to (1) enter into agreements or contracts, (2) assume obligations, (3) incur and pay debts, (4) sue

Gaining status slowly by making one decision at a time.

Rent real estate to a tenant. Contrast to subletting. Here the tenant rents the property to a different tenant.

Not a legal instrument. Information required by an executor to execute a will. Also refer to letter of wishes.

Universal life insurance option paying the policy’s face value or a specified accumulation value percentage upon the insured’s death.

Use of existing power, information, and material to obtain a successful result, minimizing overall resource expenditure. Influential capability over a system, or environment, to multiply results from one’s efforts with no corresponding

Debtor or party whose assets or property is held by lien by a creditor, claimant, or ‘lienor’.

Per the mortality table being used as a reference, the average amount of years remaining in a person’s life.

Another name for lifetime value of a customer.

A promise to buy securities between broker and buyer if the peak financial condition is reached.

Used by a property buyer wanting to move in prior to purchase closing. This arrangement type allows property occupation at an agreed-upon date under specific pre-conditions.

A discreet unit of information in a document, record, or statement, displayed on its own separate line. A budget element separately identified is often referred to as a line item.

Mathematical computer modeling simulation technique. Calculated the best solutions for allocating energy, machines, materials, money, personnel, space, time, as limited resources to achieve maximum profit or minimum cost. Applies only where every