Category: Finance Dictionary

Systems of floating-exchange rates. The worth of a currency is set with no government interference entirely by the forces of market demand and supply. Contrast to dirty float. Known also as pure

Retail sale using heavily discounted prices to quickly sell off closed-out goods.

US living trust set up for a period longer than ten years. the trust terminates at the end of the period, and the trust property, typically income producing assets, is returned to

A required system of coding products for controlling inventory and tracking product movement in commerce. Managed by the manufacturers. Closed dating codes are typically not available to consumers. Consumers see open dating

A type of regulated investment firm with a limited number of shares available, as listed on a specific exchange, making the stock a closed-end fund.

Level of output in the short term where production marginal cost equals average variable cost, and the basis to stopping production.

Standardized document required for cross-border transport of cargo by road. It is based on UN recommendations for standardized international rules and is in force in the European Union. CMR it the acronym

Agreement to appoint worker representatives for participation in the firm’s decision- making processes on a firm’s board of directors .

Collaborative financing of the same project by two or more banks or other lending institutions.

Unknown prospects not a part of the salesperson’s ‘warm market.’

Legal principle. If a written main contract is challenged, the evidence of a second contract may not be ignored under the parol evidence rule, even if expressed but oral. This rule gives

The release of the renting firm’s right to recover collision damages from the person renting the vehicle. Optional insurance on a policy, sold typically through auto rental firms, covers this.

1. The risk both most and least that a company can absorb. 2.The weather conditions such as humidity, light, temperature, and wind that an employee can do their job in with the

How the Commodity Futures Trading Commission describes traders using the futures makret to hedge their activities.

A place for information that is needed for success.

A fact that is widely known but assumed to be true without any proof that it is.

Any media that allows recording of data. It has an extra layer that allows the writing but not erasing. The manual for this is the orange book.

The legal power that stock holders have in relation to the amount of shares they own. You must have 15% or more to have legal rights. 50% or more allows you to

A temporary leave from work for a good reason that an employer pays for. There is a contract made to specifiy the terms.

Using assertiveness and minimizes cooperation.