Category: Finance Dictionary

A clamp that grips and protects an electric cable where it passes through a metal panel or more generally, a bearing for a revolving shaft.

Environment of a given community that is relevant to the operation of a business; usually includes tax rates, attitudes of government toward business, and availability.

A code of behavior that delineates expectations for social behavior according to contemporary conventional norms within a society, social class, or group.

Insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril.

An opportunity to generate income as a business owner and not an employment opportunity. TLD Example: The decision by the owner to retire presented the young chef with a business opportunity allowing him

Business receipts represent the gross receipts or sales less returns and allowances from trade or business income.

A combination of people and automated applications organized to meet a particular set of business objectives.

When intrafirm information is exchanged such as employment terms, policies, benefits and operation manuals.

When a purchase is made based on a sample presentation of the item.

The way waste water is treated with bacteria to get rid of or reduce contaminants.

The past wages and benefits an employee can get retroactively. This is illegal in court.

1. the way back for a vehicle. A truck can either have a paying load or nonpaying load. 2. any shipment that is sent when on a vehicle on its return trip.

Making a production schedule working back from the due date and time. It shows what is needed when in the project at hand. Refer to forwards scheduling.

A fast solution to prevent a symptom from showing. The problem is not solved by this action. Refer to quick fix.

When a trustee gives assets to the beneficiary and has no other duty. AKA naked trust and simple trust. Refer to active trust.

When bandwidth is sent on a single signal. Only one channel is usable at a time. Its cheaper and simpler. Local area networks use this.

The denisty scale on hydrometer. It is applied to heavier and lighter than water solutions. It was named after Antione Bauma who invented the scale in 1800.

People that are profiled by type when in a team. An action oriented role starts, plans, and finishes what they plan. A people oriented role coordinates, investigates, and works in the team.

When an owner of a property can use it before all the construction is completed.

A wall built in 1961 to separate West Berlin and East Germany. It was a reminder of the iron curtain and taken down in 1989.