Category: Finance

The number of pieces of paper found in a package. An office ream has 500 sheets of paper while a printer ream has 516 and a traditional ream features 480 pieces.

To acquire or get something. Someone can receive an item such as a letter or a gift or can receive something non-tangible such as a word of encouragement or praise.

This agreement led to General Agreement on Tariffs and Trade in 1947. Congress passed act of 1934 that allows the President to create foreign tariff reduction agreements without approval of Congress.

This term refers to the final stage of record management in which a record is either destroyed or is permanently retained in a storage facility.

This term refers to the repetitive or periodic request for an item of inventory.

Improvements made by a land developer including the erection of buildings, facilities, structures, and so on, that follow site enhancement by the local government.

The act of contacting previous employers of a job applicant to determine his or her job history. Reference check may also include checking with schools attended by the applicant to verify education.

This term refers to the converting or retooling a facility or plant to handle a different product and/or process. See also: back fitting

This term refers to a small, geographical area.

Term used when rejecting a claim for insurance or if the risk for insurance is deemed to be too great.

Any data that applies to the situation or problem that can help towards finding a solution.

Another name or term for ATM (Automatic teller Machine).

1. The act or process of replacing or of being replaced; substitution. 2. One that replaces, especially a person assigned to a vacant military position.

1. Any demands, constraints, needs, necessities needed to be met. 2. Marketing. Standard of benefit, timeliness, cost and value of the product as seen by the customer.

Usually expressed as a percentage of a project loan. It ois the net cash flow that remains after loan servicing. Called residual cover also.

A doctrine that holds the employer liable for any wrongful acts of any employee in leagl terms.

The presentation in a formal document or form of a person’s employment history and any skills they possess.

The final that is to be paid on rating plan that is retrospective.

The amount made from investment income over the amount held in equity by stockholders.

A loan using the equity in his home to secure another mortgage and gets lumo sums paid preiodically. The loan is paid when the house is sold after the borrowers death.