Category: Finance Dictionary

1. Considering the cost of business as an expense which prevents the raise of price. 2. The transference of funds from other accounts. The original identity of the accounts is lost in

Abstract of title is another term to seek clarification.

A clause in a borrowers agreement that allows them to pay off their debt sooner than the projected date.

An abnormal or abortive end to a computer program. This system crash is usually caused by a glitch or a memory overload.

Risks whose nature is not technically calculatedly. Usually associated with the political climate, market variations, and price fluctuation.

A competitive edge that allows another firm or country to obtain, reinvent, and create a good or service with lower cost. This also minimizes waste. This is also called acquired advantage.

The simplification of accounting when multiple accounts with the same purpose are combined. Upon absorption the original account information no longer leaves a paper trail only showing the transfer of funds.

A brief created from a court transcript used in appellate court.

A clause in life insurance policies that allows them to receive their funds before death. This is only done in extreme cases of serious injury. It is called living benefits.

Refer to aid and abet for further explanation.

A good or service that is more costly that its competitors.

An error expressed without any indication as to whether or not its positive or negative.

A company that merges with another to gain more stability.

A document that lists all items in an estate to establish the present state of title. These items listed may change the value of the title. Also referred to as an abstract

When a company has debt obligations and cannot get funds for a project they purchase stocks as a short term investment boost.

The status of real estate ownership when no clear owner is present and must be determined.

1. Accounting: a record used to characterize income and expenses required to run a business that affect the profit, but not the capital, of the given company. 2. Advertising: exposure through the

This occurs when a number of trials collected during the same time period. The data is organized by frequency.

The companies costs associated with manufacturing operations such as insurance and taxes. These expenses are listed in a separate account.

A brief version of a trust that leaves out the beneficiaries identity and other specific information included.