Category: Finance Dictionary

Law passed to prevent consumers from being stuck with non-performing, unwanted products.

Formal acceptance of a position or award by the successful candidate using written communication. Details of a position including salary, perquisites, starting date, location of the reporting office, and the name of

Parent company gives written notice to a bank of good-faith intention of financial support for a subsidiary working to borrow money from the bank. Not a binding contract of support for the

Coordination, follow up, liaison work does not result in a definitive end product or outcome; work of a general or supportive nature.

Financing a company’s growth by borrowing against the employee stock exchange ownership program funds.

Annuity from a certain date that pays over the life of an individual. Also known as whole life annuity.

Regular payment of a certain sum for the life of the annuitant guaranteed by this annuity. Payments continue to a designated beneficiary until the end of a set period in case the

LIFO method inventory amount in contrast to the FIFO method inventory amount.

A promise to buy securites at the closing market prices.

A share certificate representing one unit of ownership in a partnership which has both general and limited partners, known as limited partnership. Limited partners invest in the venture and receive a prestated

Distribution or transmission system having inherent inefficiencies or defects leads to this waste of electrical energy.

1. Un-natural, mostly theoretical property of ordered systems and straight lines, characterized by ‘good behavior,’ predictability, and simple proportions. It is not a common feature of the natural (real) world and exists

When a company holds their assets and does not sell them. It stops any two way traffic of funds causing new buyers to enter the market.

Area inside a wall that reflects sound, thus sustaining it.

An investor making periodic contributions to a mutual fund account. It spreads out the load payments as smaller ones. Also known as Spread Load Contractual Plan. An alternative is to pay fees

Employment action. An entity stops or withholds work. The work force is not allowed on entity property during this condition. It is a reverse strike by entity management, intended to compel an

Equipment, facilities, spares, technical information, and trained personnel procurement and distribution for a campaign, plan, or project as essential actions for their proper operation.

Two or more central offices are typically involved in this type of telephone call.

A year or more in the future, either from the balance sheet date or today, this obligation is due in goods or services. Disclosing its long-term liabilities with their interest rates, other

A decrease on the profit return results in this condition as the current value of the investment is less that the bid.