Category: Finance Dictionary

Leadership style that is non-authoritarian. Such leaders give minimal guidance to subordinates, controlling with less obvious means. People are expected to excel, being left alone to respond to their responsibilities and obligations

Mobile, portable, compact personal computer; the primary attraction over desktops. Contrast to a desktop computer. Screen exist in the cover and can be lowered to close the laptop for easy transportation. Typically

When the borrower has not made a payment when it was due, a lender can impose an additional fee.

Company that involves itself in the business of law. Lawyers that work together under a specific firm name, may only focuses on certain kinds of law, deal with various general law cases.

Easygoing, loose, un-restricted. An expectation of discipline not tightly held, like a business dress code allowing jeans on Fridays.

a product or service user driving the leading edge of significant market trends. Meeting the needs of these users is a strong incentive for solutions. As user needs become the mainstream, development

Business or finance decision to act based on available information or analysis but with an uncertain the outcome. Attributed to the religious act of accepting the existence of a deity without tangible

Value calculated as: total premiums paid minus the end-of-year policy value minus dividends. Life insurance policy’s net cost.

Lawfully certified weight based on the use of a lawfully certified scale or weight counterbalance. An article’s unit weight is calculated by adding the article’s basic weight and the wrapping and container

A manager or interviewer rates an employee or the candidate too positively, causing a performance appraisal or interview bias. Contrast with strictness error.

Buyer’s or importer’s bank, known as the issuing bank makes a written commitment to the seller’s or exporter’s bank, known as the accepting bank, negotiating bank, or paying bank. A written commitment

Distance between printed text characters. This spacing is adjustable to increase or decrease the average distance between letters. Can be applied to a block of text or paragraph. ‘Proportional letter spacing,’ adjusts

A premium that doesn’t change despite any increase in risk.

Defamatory statement published through any manner or media. If intended to simply bring contempt, disrespect, hatred, or ridicule to a person or entity it is likely a civil breach of law. However,

One decision support tool as a management practice combines all relevant information about economy, enrichment, finance, and technology. Charting a manufacture product’s optimum life cycle is the goal. Also refer to terotechnology.

Life-span projected Item. A set lifespan for an item, either as time, like 1,000 hours, or as usage, like 100,000 miles, stated by its manufacturer or vendor.

For moving cargo from ship to shore and the other way around, a barge or other shallow water craft is carried onboard a ship.

Settlement up to a certain limit of claims is what a creditor can accept.

Manufacturers product guarantee as a written statement that sets conditions and time limit that the product will work as stated. such warranties are typically limited to repair or replacement of the item