Category: Finance Dictionary

Assets that continually flow within an organization, such as raw materials, work in process, finished goods, and cash at hand.

shares in a mutual fund with a backend load. Also known as B Shares. Refer to Class A Shares; Class C Shares for comparison.

1. a widely-used term defining information as being confidential, restricted, secret, or top-secret. 2. Categorized data or information by named groups.

Legal principle; States that the party requesting equity and judicial action must not be involved in any inequitable or fraudulent dealings. For example, a thief cannot get court’s help in the recovery

An account that temporarily holds costs until these costs can be moved elsewhere. For example, a clearing account to hold monies and costs while completing year-end fiscal calculations used by a firm.

Art, designs, graphics, and photographs bundled and ready-made with most illustration software packages or even with word procedures. It can be purchased in albums on CDs, or can be downloaded over the

A manufacturing resource planning system (MRP). It manages products returned by retail stores, or products that failed the manufacturer’s quality control standards. This system tracks purchasing plans against the list of products

Type of consumer installment loan where the borrower cannot alter the (1). number and amount of installments, (2). maturity date, and/or (3). credit terms. Known also as closed end credit. This is

Accounting tasks by a firm to reconcile expenses and monies, update balance sheets, post profit and loss statements, and transact other necessary filing documents. Closing operations are categorized into three main periodic

A news-media effect or influence on government decision-making and/or consumer spending. First recognized and widely used during the Persian Gulf War, the term suggests that consumer spending slows down during catastrophic events

Voluntary standards as an international code governing food additives, pesticide residue, veterinary drugs, and other items that affect consumer food safety. The codex promotes fair practices in food trade by its rules

From compatibility within a person’s attitudes, behavior, beliefs, and/or knowledge, there arises an internal consistency and from that, a state of harmony. Contrasts with cognitive dissonance.

Procedure of metal forming, altering the shape and/or structure of through drawing, extruding, hammering, pressing, rolling, spinning, and/or stretching. This procedure occurs at temperatures below the steel’s recrystallization point, typically room temperature.

Pledging collateral identified an asset or property..

More that one shipment from more than one shipper with the same destination , combined as one load for shipping.

A line that the user can enter a command into to get a response.

1. when cash and personal funds are mixed for a firm. The tax authorities find it dangerous and make the offender liable for a firms loss. 2. putting many items together so

A change that is caused by random and is in every process no matter what. It is traced to management.

The way a spouse’s ownership is decided when a marriage occurs. Joint purchases are kept together but separate ones are kept separate. Should a death or divorce occur it is helpful.

A TRANCHE of a COLLATERALIZED MORTGAGE OBLIGATION that accompanies PLANNED AMORTIZATION CLASS (PAC) BONDS and TARGETED AMORTIZATION CLASS (TAC) BONDS. The companion serves to absorb PREPAYMENT RISK, giving PACs and TACs greater