Category: Finance Dictionary

1. Computing: Refer to booting 2. Law: Compensation for an unfair exchange. 3. Taxation: When a non-taxable exchange is made into a taxable one, to it’s fair price value.

In contrast to top down budgeting, all of the budgets that are previously prepared by managers of departments are made into one for the needs of the entire company.

Movement into a higher tax bracket as taxable income increases.

An experimental device (or group of devices) used to determine feasibility and to develop technical data. It will normally be configured for laboratory use to demonstrate the technical principles of immediate interest.

Small group sessions, held during the main event, formed to focus on specific subjects relevant to the gathering.

A material is brittle if, when subjected to stress, it breaks without significant deformation (strain). Brittle materials absorb relatively little energy prior to fracture, even those of high strength.

An independent firm or contractor working for an insurance company whose main function is to sell one or more insurance products to select insurance brokers.

A company whose valuation greatly exceeds that suggested by its fundamentals. The first well-documented bubble company was the South Sea Company, which caused the South Sea Bubble in 1720. A bubble company

When an arrangement is made to upkeep and repair services and equipment such as AC, building maintenance and janitorial services. Other services might include landscaping, window washing and other commodities.

Knock or run into someone or something, typically with a jolt, meet by chance, hurt or damage (something) by striking or knocking it against something else, cause to collide with something, move

(BEA) is an agency in the United States Department of Commerce that provides important economic statistics including the gross domestic product of the United States.

Umbrella term covering all the functions, processes, activities and transactions of an organisation and its employees. Includes public administration as well as commercial business.

Consolidation or amalgamation is the act of merging many things into one. In business, it often refers to the mergers and acquisitions of many smaller companies into much larger ones.

Charges for business phone calls, faxes, and telegrams; emergency clothing, equipment, or supply purchases that are job related.

Standard for imposing liability on directors of corporation; they must give time and thought to decisions.

A policy that protects small businesses for property damage.

The RISK of loss arising from a temporary disruption in business activities due to lack of accessibility to physical infrastructure. Business recovery risk is typically firm, business or productspecific and generally not

When a transaction is made over an item or between two firms or businesses.

ACONVERTIBLE BOND that stands little or no chance of being converted into the issuer

Also known as a buyout agreement, is a binding agreement between co-owners of a business that governs what happens if a co-owner dies or is otherwise forced to leave the business, or