Category: Finance Dictionary

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

When collateral is used to keep a defendant out of jail before the hearing. It’s a precent of the total bond. It is taken if the person does not appear in court.

A channel for second quality goods to be sold. Some of the goods were simply returned.

The biggest network pipe with the most data traffic. It connects the main server and devices on the network. The size of the backbone is based on the needs of the company.

A load carried by a truck that is does not pay.

Stock that will be worth less than a dollar. It is held on to to see if the value will raise.

Coverage protecting banks from theft, vandalism, and damages. This is usually due to a robbery.

A boat that is flat. It travels canals and rivers. It is uncovered and can be pushed or towed.

How income, expenses, and ownership are related in a company. Idealy income should cover expenses with extra left over.

A structural member that crosses supports and carries load vertically. The three types are simple, continuous, and cantilever.

Extra features added to make it look better than its competitors.

The expected outcomes of an available or proposed alternate to a plan.