Category: Finance Dictionary

Same meaning as client-server architecture.

Date commonly available services are not available because of an advance sell out. Such services are hotel rooms or discounted airline tickets.

Year of termination for a limit or law. An example in taxation is a filing period that ends after a certain number of years. A taxpayer cannot file for a refund and

1. Date of completion of the formalities of a real estate transaction, or a mortgage loan. Known also as closing date. 2. Same meaning as expiration date.

Certified Management Accountant test, administered to individuals who are seeking to become certified. Each state governs its own rules and regulations of this test and certification.

Reciprocal agreement by two or more airlines to offer their passengers single-booking, single-ticketing, and if there is no stopover, single check-in flights to a destination only one of them serves, all with

US adjustable rate mortgage (ARM) using an interest rate based on the cost of funds index (COFI). This is the weighted average that fluctuates typically within 0.3 percent above or below the

Mechanical operation, such as the bending, drawing, hammering, rolling a metal shape into a permanently altered new shape, normally at room temperature. Cold forming increases the hardness and strength of the metal.

Written or oral agreement associated as a second, or side contract made between the original parties, or between a third party and an original party. This typically occurs before or at the

A statement of accomplishment given by a college to students attending and completing a higher learning institution rigor in specific areas of study. This means that required credits have been obtained. Several

1. A letter the bank sends offering a short term loan. It is not a formal commitment. 2. When a parent firm send a letter to their children firms to support them

1. Risk a seller assumes when extending credit. 2. risk that is not related to politics.

Any areas that are shared by others in the same building.

An item for sale with a standard application, design, and system requirements. It can be bought from many places or be customized.

Any media that can handle animation, video, and sound. It is played on the computers CDI player or attached to the TV. The manual for this is called the green book.

An officer that the directors appoint to handle legal issues and legislation. They must set up meetings, record minutes, keep records, make payments, and draft contracts. This is the officer that does

An element that is a part of many jobs and is used to study employee behaviors.

Training employees based on their current skills and where they need to be to get the job done. It leads to good hiring practices.

When the supply meets the demand. The price is set by the competitive equilibrium.

A general process where a company acquires goods or services by extending to suppliers an invitation to tender a proposal. In general, the tender with the lowest price wins the order, although