Category: Finance Dictionary

If known to the other party, a contract, deal, or transaction could have been aborted, or significantly altered by this deliberate hiding or falsification of a material fact.

Exists when the population birth rate equals the death rate, or is less.

After the expiration of a claims-made liability policy this is an extended period for reporting claims.

Dividing retail store activities into four major areas or departments as a management technique: (1) merchandising – responsible for buying and selling, (2) accounting and control, (3) store management, and (4) publicity.

Components, elements, or parts, and the associated energy and information flows enabling a machine, process, or system to achieve its intended result within this type of logical assembly.

Total benefits divided by total premium as this specific calculated ratio.

1. The point where nuclear core overheats and melts causing a core failure. Known to be a catastrophic event it causes the loss of radioactive materials containment, which are released into the

To treat mental illness, substance abuse, or alcoholism these specific types of supplies are needed.

Acquired by Bank of America in 2008, this financial advisory and brokerage company, failed during the height of the financial crisis. Merrill Lynch was founded in 1914 in New York City. Through

Broad principles or rules in this specific type of system. Used to guide a user to the specific methods or procedures needed to derive, interpret, or solve different problems within the scope

Making food unfit for consumption by Clostridium botulinum inclusion in an item used as food, or growth of other harmful microorganisms.

One-millionth (1/10x10x10x10x10x10) of an inch.

In a management professional’s career progression, this is specific type of period characterized by few promotions. A mid-career plateau often signals additional training or education is necessary. From middle management to upper

Monies reimbursed to a person when using a personal vehicle for business purposes. People are often provided a mileage allowance when working in outside sales as part of their overall compensation. A

Equals 1/10th of a centimeter, one-thousandth of a meter, or about 0.04 inch, where 1 inch equals 25.4 millimeters.

The airlines serving a particular airport determine this specific standard period required to make a connecting flight.

As defined by the US or other individual state, this is a specific type of business whose ownership is considered to be ethnically or economically disadvantaged and owns at least 51% of

Used as an indicator of consumer confidence. Combines inflation rate and unemployment rate.

Using several different methods in a single forecasting process of a company’s future performance. a single analyst or a series of them can do this type of forecasting. Regardless, ascertaining the same

The way a communication, document, or record gets to its intended audience or receiver from its originator.