Category: Finance Dictionary

an entire industry obligated to this type of labor contract. The trucking industry is an example. A local level supplemental agreement can augment such a master labor agreement.

Significant changes, as additions to and/or deletions from text in a legal sense or effect to a legal instrument, such as a contract, deed, will, or the like. Such changes may invalidate

To choose the best alternative from a set of available options one can use this type of computer program. Probability and mathematical models are used to predict future events. Used in investing

In asset management, this is on organization’s synchronization of cash inflows with cash outflows. Maturity of income-producing assets and debt maturity of interest incurring liabilities are matched.

Under conditions of uncertainty this is a decision making rule in decision theory. It states that the decision maker Ignoring all possible events save the one most likely to occur that produces

The trend of interest rates that affect the long term returns of an investment.

With funding from the federal government and administered by the individual states, this is a specific health care program. To have medical expenses paid, certain guidelines, including income requirements, are met to

As a measure and standard of value in commercial transactions between buyers and sellers, these specific types of commodity, currency, or a financial instrument are used. Its ability to be used as

Draft agreement to set mutual responsibilities and scope of association. Also refer to memorandum of understanding.

Merchant’s right to detain an individual suspected of stealing the merchant’s property. Rules governing an individual’s detention vary from state to state. A merchant may not search the suspected thief, but can

A system for gathering and arranging ideas, information, or data in a collaboration group environment. A manual metaplan strategy usually begins with collecting the data on cards, then using shared criteria to

For the purposes of census data and other urban population calculations the United States Office of Management and Budget determines these specific types of geographical divisions. Primarily based on urban areas, the

Molecular level machines and structures fabrication. Microengineered pumps and motors potentially can mimic the processes found in living organisms and are barely visible to the naked eye. Also known as nanotechnology.

A specific type of business model generates these specific types of extremely low-valued profits. Revenues can come from a high transaction frequency of low-value transactions in these business models. Profits that are

In General, half of the distribution is above the mean and half is below at this point on a continuum.

Equates to one dollar of assessed property value. Property values that are paid per dollar of the assessed value of that property. A tax figure used in assessing real estate.

After a claims made policy has expired, a 60-day extension that was added to a policy’s reporting time frame becomes this automatic extension allowing the insured to make claims until extension expiration.

Sampling process requires this specific count as the smallest verification entities sample size. Sample characteristics are usually based on batch, lot, population, or universe. This is to ensure that any variation is

Compilation of meeting minutes retained in a binder or bound book for permanency. These are the detailed record of discussion and decisions at a firm’s official meetings. Typically this book is accessible

A legal obligation does not occur because a fact that exists or that does not exist is forgotten, or ignored. If a mistake of fact occurs in court proceedings, the erring court