Category: Finance Dictionary

An aspect of a job that offsets a negative one.

When a company gets the upper hand because is of similar value and a lower price than its competition.

The lower price offered to make the buyers want the product more.

The product’s demand that is predicted by another similar product. AKA joint demand. Refer to complementary product.

Evaluation of a project that meets design, is performed as planned, and make profits as expected. It becomes nonrecorse financing at this point.

The way things are done in a company to be sure specifications are being met.

Combining rates of dute. AKA mixed duty rate.

Income that is adjusted due to fluctuations in the economy. If a firm experiences a forfeiture, their assets are adjusted.

The computation by customs of the value of merchandise considering production cost, overhead, and packaging costs.

A firm that gets more business based on what is does not how much it does.

An inference that has no proof but is stated none the less.

Conditions for the rights or the parties when the contract is signed. There is a general condition as well as special conditions that are more specific.

A hotel that hots conferences and seminars. It has office facilty and leisure activities.

A merger with similar firms but no mutual contacts for business.

Hotel rooms that have a door between them as well as doors to the hallway.

A loss that happens and is insured. The loss is not predictable. Additional insurance must be bought. Refer to direct loss and indirect loss.

An agreement of a group to help eachother if an emergency should occur. It can be sharing a space or helping a member if a disaster occurs.

Law that comes from the constitution. It gives guidelines and rights from a governmental source.

An invoice that is stamped by the importing country to help manage imports.

Spreading thoughts or actions in a group. It is common in rumors or suggestions made.