Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Internet sub-networks and routers in a virtual network specifically designed to carry heavy data traffic such as multimedia transmission for audio/video conferencing, as well as weather satellite images. Mbone allows simultaneous transmission
A cell in lean production methods handles several different machines and operations by one trained employee.
To provide medical benefits financed by the employer, these types of funds and trusts are arranged.
An insurance policy that only pays out if more than one trigger occurs.
Providing utility-related services such as water, sewage, and drainage services is the job of this specific type of political entity. Enacted by state law and funded by special assessment bonds. One’s property
without any legal right to do so, one’s occupying real property or having physically possessing a material object.
Banking, law, accounting, insurance, and customs information for international trade is provide to international business people by this specific type of organization. Organization members are those interested in commerce that crosses national
Finding one’s way around a website, locating areas of interest, and accessing other associated websites using a specific set of information and links. Also known as site map.
1. Constraining provision in a debt agreement, like an adhesion contract type. Limits the borrower on stated points, like a ceiling on the executives’ salaries, or prohibition on debt acquisition, or tight
When short term interet rates are higher than long term rates.
Accounts receivable amount collectable by the firm’s reasonable confidence. Formula: Accounts receivable minus the bad debt allowance.
Current assets minus current liabilities. Another name for working capital.
New policies written and renewed as a count minus policies lapsed or cancelled as a count. The insurer easily calculates to know the total periodic business the insurer has in force.
Business liabilities subtracted from business operating assets. Gives an accurate picture of the company’s value. Calculated as: Operating assets minus financing activities cost.
Investment’s value after recognizing a revenue increase. Calculated as: capital gain or loss divided by company’s share count.
Tax credits subtracted from gross tax liability is this amount.
Information technology used for interlinking business processes and economic activity.
Instead of repairing old parts, replacing old or damaged parts by this type of purchasing new parts.
A merger, takeover or other business acquisition transaction is how another company acquires this type of recently purchased business unit.
A small but specific and well-defined population segment is the focus of this concentrated marketing effort. As a strategy, niche marketing is aimed at being a big fish in a small pond