Category: Finance Dictionary

The statement on an account over a period of time.

A change in rules that go beyone standard practices. It keeps the economies on a national level. It is used to help globalize standard practices.

An option in trading that can be called upon at a later date if the owner so chooses. This is also called a hermaphrodite option.

Plastics that are sheets or fibers that are made of polymerized amides, esters, and acrylic derivatives.

Work performed to create a result. Actions done to help ABC computations. The smallest task done in a time, in relation to others, resouces, and costs. AKA task.

Asbestos waste. Laws are in place for special disposal.

The Pareto analysis as related to inventory control. There are three categories for the items in question. This is based on their revenue generation, turnover, or value. Typically this is done on

1. To nullify an contract by means of mutual agreement. 2. To officially abolish a law.

A reasoning methodology that uses common facts that are accepted as true and using them to build your argument.

On a graph or chart this is the horizontal (X) axis.

An abnormal or abortive end to a computer program. This system crash is usually caused by a glitch or a memory overload.

A property owner that rents or leaves their property vacant. They have not abandoned it. This individual is considered an absentee owner.

1. Human Resource Management: A natural capacity of an individual to complete the task at hand. Refer to the definition of aptitude. 2. Law: The ability to agree and act upon a

This occurs when an employee consistently is absent from work. Seldom does this individual have a valid reason. However, if valid reasons are given the absence does not qualify as such. Attendance

A non-biological element that has an affect on the ecosystem. The opposite of a naturally occurring environmental element.

The costs of manufacturing that are not related to production. They can be taxes, insurance, and building expenses. These costs are linked to a separate account.

An error in the system or theft that can cause significant reduction in a company’s inventory. The loss exceeds the normal allowable level.

1. Accounting: When related accounts are absorbed into each other. Called an absorption account. 2. Economics: Total amount spent by a country on goods and services. Account deficits or surplus occurs when

A large amount of inventory waste that may be caused process inefficiency. Eventually this leads to abnormal loss. Abnormal spoilage is another term for this. The same can be applied to computers.

Refuseal, from one bankruptcy court, to get involved with a matter of another court with jurisdiction