Category: Finance Dictionary

Acceptable forms of remittance for a given sales transaction, in stated terms. The product or service seller states the acceptable payment method.

Designed to remove or lessen economic risk tied to a particular asset or liability. Also refer to macro hedge.

One millionth (1/10x10x10x10x10x10) of a gram.

Microsoft (MS) Corporation personal computer (PC) operating system (OS). Microsoft introduced this OS in 1985 and it continues to be widely used despite competition from Apple’s Macintosh OS. As with other operating

Iron-carbon alloy with less than 0.25 percent carbon in the mix. This makes the steel more ductile, but unsuited for structural work as it is less sturdy.

Equals about 0.015 grains or one-thousandth of a gram.

A service invoice has the lowest amount applied.

When pooled together assets that are considered risky on an individual basis attain a much lower level of risk, given the anticipated return in this specific type of well diversified portfolio.

1. Costs of a lower monetary value, like meals or ticket prices, that are grouped together on a balance sheet. 2. An additional charge often incurred during a hospital stay, like a

Private enterprise and some state monopoly coexist in this type of economic system. Public services, defense, infrastructure, and basic industries are some of these state monopolies. The means of production are shared

1. The way a buyer will pay: cash, check, or credit card. 2. How often a part of a debt is paid: monthly, quarterly, or annually.

Electrical signal change process. Carrying information contained in a signal by superimposing the signal’s characteristics onto a carrier wave is an example. Also refer to amplitude modulation and frequency modulation.

The issuing financial institution pays an interest rate on this specific type of US certificate of deposit (CD), non-negotiable, minimum original 7-day maturity, minimum denomination of $2,500.

On the basis of its market share a supplier has a limited degree of price setting power.

Leaving physical or psychological wellbeing as a state. Caused by disease, illness, injury, or sickness, particularly where the affected individual is aware of the condition. Morbidity is measurable in terms of (1)

Length of a mortgage, typically in years, unless some principal pre-payment occurs. For an asset that is not property, it can be the number of years until an investor receives the initial

Non-discriminatory trade policy commitment offered reciprocally offered between two countries. Both countries set the lowest import duty and quota restrictions on each other’s imports as they do on similar imports from any

Arabic-styled finance, pre-Islamic. One individual provides startup capital as the financier. Another individual will do the actual work, as the entrepreneur. Here, a single-tiered mudaraba exists. If there is a go-between negotiator,

A euronote facility that is allowed to use more than one currency.

An insurance policy that covers more than one line.