Category: Finance Dictionary

A billing method in which a wireless phone caller pays only for making calls and not for receiving them. The standard American billing system requires wireless phone customers to pay for all

An OVERTHECOUNTER SWAP structure that gives either party involved in the swap the OPTION to terminate the transaction at a future date. See also CALLABLE SWAP, PUTABLE SWAP.

A statistical measure which helps determine how well a process meets customers

Capital surplus (also referred to as additional paid in capital, paid in capital in excess of par or share premium, is an accounting term which frequently appears as a balance sheet item

A healthcare plan that allows payment of a flat fee for each patient it covers. Under a capitation, an HMO or managed care organization pays a fixed amount of money for its

Calcium carbide (CaC2), used to generate acetylene by reaction with water and formerly used in portable lamps.

A card not present transaction (CNP) is a credit card purchase made over the telephone or over the Internet where the physical card has not been swiped into a reader. It is

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