Category: Finance Dictionary

An insurance policy that protects against losses incurred from war time conflicts or peace time damages as a result of derelict mines or torpedoes.

A contract that uses cost incurred and recorded to performing work during a period of time.

Any time an ad is accessed on the internet.

1. Agreements: Two parties agree to the terms of a contract. If it is denied a counter off is made until the agreement is reached. Upon agreement the contract is legally binding

Placing anothers concerns befor your own to solve an issue. This is a good low stakes move to encourage long term business. Refer to accomodations.

When a trustee must report all asstes entrusted to them. It is done even if the rules are followed to ensure honesty.

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

While not an exact term ‘about’ signifies not more or less than 10 percent of the stipulated amount, quantity, or unit price. Refer to the definition of approximately.

A written statement about a complex work that contains only the basic gist. It is usually written by another author. Other terms that might help are abridgment, digest, outline, pr

This occurs when the economy produces goods at a higher rate than normal. The level of normalcy is decided by the gross domestic product or the GDP. This causes the market to

Something that is harder to understand for those with only basic knowledge on the topic.

Risks whose nature is not technically calculatedly. Usually associated with the political climate, market variations, and price fluctuation.

The basic abuse of power that can occur when they become too manipulative with those around them and the trust given to them.

A good or service that is more costly that its competitors.

An index used to derive the value of a mortgages subprime. A credit default to exchange is used to help those with weak credit. It has four series each containing 20 bonds.

the voluntary relinquishment of all rights, title, or claim to property that rightfully belongs to the owner of the property. Stocks, bonds or mutual funds held in a brokerage account where the

1. Accounting: a record used to characterize income and expenses required to run a business that affect the profit, but not the capital, of the given company. 2. Advertising: exposure through the