Category: Finance Dictionary

A transaction evidenced by the action of swiping a card through a terminal or by an imprinted and signed credit card draft.

Policies or specific practices that a company or organization enforces to all employees.

A document issued by the carrier certifying the owner of the goods transported by the carrier, evidencing the owner’s right to make entry.

Broadly construed, is the process of solving new problems based on the solutions of similar past problems. An auto mechanic who fixes an engine by recalling another car that exhibited similar symptoms

The seller may prepare and package merchandise but will not ship until payment is received.

(e.g., 2% off the total of a bill if it is paid in 30 days or less) offered for prompt payment of an invoice.

Cash flow that is generated (or reduced) from the sale or purchase of long-term securities or plant and equipment. It is the second section presented in the statement of cash flows.

Written evidence that a product or service sale has been allocated or paid in cash.

The merger of a target firm paid in cash by the buying firm. Occurs when the targeted firm’s stockholders or shareholders do not want any part of ownership of the buying firm

Decision-making where information and ideas go back and forth, thrown about, running up and down an organization in a mutually participative manner.

The centralizing of the purchasing function into a central authority by a large, multisite organization for the purpose of increasing efficiency, inventory control, and purchasing power.

Deposit account with a certificate of deposit (CD) issued by a bank or other financial institution.

Ownership of real property or a vehicle is certified by this document. An authorized agency will capture a description of the property and of the liens on it, if any, on the

Setting an expectation where there is a difference in a depreciation cost that affects depreciation expenses. A notation is made in the financial statement to serve as a proper notification to company

This law formulates the cooperation between US and foreign courts in international bankruptcies to protect assets and save companies. Part of both Title 11 in the US bankruptcy code and the Bankruptcy

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.