Category: Finance Dictionary

Entity assignment as estate administrator or executor by this court -issued document. Necessary if no will (intestate) for the deceased’s estate. Refer to Letters of Administration.

Constant production rate regardless of demand fluctuation. Maximum plant capacity utilization and balanced workforce size are the objectives.

Political and philosophical principle and belief seeking to limit government involvement in civil economical and social matters. Issues need to be settled outside the courts. Its roots trace back to the early

Three distinct stages of (1) creation, (2) use and maintenance, and (3) disposition or disposal exist for each document and record. Defined as a management concept.

An business-building entity whose purpose is altering their and others’ personal lifestyles, not solely for profit. Success in this business reflects well the passion the entrepreneur has for what it is doing.

Until a property received in exchange is sold or disposed of, an exchange of similar business or investment assets with any gain or loss is not recognized.

For accountants, architects, lawyers, and other professionals to eliminate personal liability as a partner for damages caused by other partners, they enter into this US partnership arrangement.

A single-color drawing having little or no solid areas, no shading effect other than crosshatching, like one made with a pen or pencil. Line art can be printed without conversion to a

A mathematical equation with only one independent variable, whose solution graph plots a straight line, expressed mathematically as (y = a + bx). Also known as linear equation.

Mainly methane and ethane, natural gas as a liquid is 1/600th of its volume as a gas. LNG is stored and transported in insulated pressure containers. Compressed at moderate pressure, but unlike

The listing broker contracts to list a property in a multiple listing situation. This broker initiates the listing agreement. The same person may be The listing broker and the cooperating broker.

Lloyd’s of London is copied by an organized group. It is not affiliated with Lloyd’s. Only responsible for the risk portion they choose to insure, unrelated entities congregate to collectively provide coverage.

accommodating the language, cultural, political and legal differences of a foreign market or country as a practice for adjusting a product’s functional properties and characteristics.

Inverse of an exponential. Raising the base to a power to give another number. Base 10 logarithm is known as common logarithm.

Futures exchange for non-ferrous metal and plastics based in London, England. 1571 saw the establishment of the Royal Exchange, London’s first stock exchange, which evolved into the LME.

Health care professionals administering to people with diseases or disabilities lets this term refer to health or social care.

Options traded with maturity dates that are between two to five years.

In accordance with the terms and conditions of the rental agreement, safe driving of a rental car relieves the customer of damages arising from loss of the car or any damage to

Lawful damages payout is required that financially positions the offended party of a breached contract to where the offended party would have been financially if there had been no breach. A legal

Summary statement of an insurer’s not-yet-settled claims.