Category: Finance Dictionary

When an employee takes cash out of a benefit.

Taking cash out of a policy or benefit, reducing the cash available as a death benefit by the amount withdrawn plus interest. This may mean forfeiture of the purchased benefits by the

Mail or email presentation of goods and services directly to perspective buyers. Source of items may from several different vendors or one vendor.

1. In law it is an order to prohibit starting or continuing a specific action stated in the order. Used against a person or an enterprise; usually issued by a court or

One common purchasing organization manages one purchasing system for all purchase needs of all of the departments of a company in a wide geographical distribution. Centralized purchasing helps negotiating the best deals

When a certain construction project is completed fulfilling the terms, conditions, and specifications of the job contract, an authorized architect and/or an engineer certifies this using this document.

Mass market retail outlets owned by one firm and spread nationwide or worldwide, such as Body Shop, KMart, or Wal-Mart. Typical attributes are (1) similar architecture, (2) store design and layout, and

Involving key players and stakeholders in organizational change to minimize resistance.

Fraudulent scheme. Additional checks are issued against funds that a bank has already credited into an account for deposited, but as-yet, uncleared checks (refer to check clearing). It is played as an

A single characteristic of a chemical or chemical substance. It is applied to model how the substance’s molecules can combine with another substance’s molecules or simply be rearranged.

One of the most influential bodies of economic thought in recent times. Major ideological defender of conservative economics and capitalism. This monetarist school is associated with the economics department at the University

Chlorine added to water. Oxidizes organic contaminants. Kills many microorganisms. Refer also to disinfection.

The Contrast to customer retention rate. The higher a churn rate is, the lower a customer retention rate is, and vice versa.

Determination of whether a CLAIM is covered by an INSURANCE contract. If the contract is written on a claims occurrence basis and a claim arises from an event when the policy is

The notion that changes to the variables that affect monetary values will not impact real values such as interest rates, employment, industrial output. This is a classical economic concept.

Amended antimonopoly provisions of the Sherman Act of 1890 by US federal legislation in 1914. It includes the prohibition of (1) price discrimination and tying agreements, (2) sales based on exclusive-dealing contracts,

Consolidating by the purchasing firm of the purchased company. Known also as takeout merger.

Website’s users (or visitors) percentage that get to the advertiser’s website by clicking on an advertisement residing on another site. Advertisers use CTR to rate a website. The rate typically ranges from

1. Electrical circuit with live electric current flowing through it. 2. Limited area transmission of audio and/or video signals in a conference hall, hotel, or home. Area monitoring and security scrutiny use

An isolated system with no interaction or interface with any external environment. Recognizing a closed systems externally comes only from its outputs that are not dependent on the system being closed or