Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A conventional OPTION that is modified with respect to time, price, and/or payoff to produce unique RISK MANAGEMENT, investment, or speculative results. Certain complex options have risky payout profiles/LIABILITIES and demand considerable
A container that is made for paper, metal, and plastic. AKA combi container.
Combining two or more risks that are related.
A forty hour workweek that is completed in less than the usual five days. One possibility is four 10 hour days.
An expansion due to products and markets that similar to the current product.
The estimated price to complete the development of a product based on the average of submitted bids.
A light hydrocarbon that can be liquid at a normal temperature and pressure. Fuel oil and gas stabilize crude oils.
A single owned home in a building with many units. It has title to the condo unit but shares land with other owners. They also share upkeep expenses. Taxes are paid based
AKA a confirming house or confirming bank.
Controlling unrelated businesses at the same time.
Many penal sentences that served one after another. The total time sentenced is served with no breaks for different criminal charges.
Investing to preserve capital and risk by diversification in the portfolio. Low risk investments like government ones are the best way to do this.
The value a currency has in relation to its value from another year or time. Wages are adjusted due to inflation to keep the currency rate constant. Refer to current dollar.
The meaning of an unclear phrase that is clarified in its context. Refer to noscitur a sociis.
A good that is used, becomes part of another good, or cannot be used without using it all up.
A port that accepts containers to be delivered.AKA container terminal.
1. how a help program can assist the user in their use of a program. 2. how the management gets results based on history and experience.
The act of keeping day to day transactions going for the current year and the ones to come.
Any agreement, either written or oral, that changes a contract. AKA contracting action or contracting activity.
Agreement that contains all the conditions agreed upon by all parties involved. It has to be written and should include the buyer. See, How Does A Land Contract Work?