Category: Finance

A level of inventorywhere demand for an item or a system is met by stock on hand.

A concept utilising elemnts from a theatrical view point to model a service setting, actors, audience, back and front of stage ending in a performance.

The amount paid to an employee on termination of his work contract.

A try-before-you-buy method of distributing software. The software will function fully for a set period of time and then the user needs to buy it for it to continue working.

Conducts any ambient noise to the ground and allows for clear transmissions of a high quality. Used where cables pass near motors, TVs, transformers.

An alternate term for a registered ton or 100 cubic feet and 2,832 cubic metres.

A defect that is fpound in wiring or a circuit that causes electricity to bypass its preferred route.

A debt that is payable within a 12 month period. It can include a portion of a long term debt.

The gain that is made on acapital asset that has only been held for a time of less than 1 year. Often taxed at a higher rate.

Any maintenance that is performed when a machine or piece of equipment is turned off and out of service.

Also authorised signatory. A legal power that is designated upon various positions of organisation and control such as secretary or president.

A party that can meet all of its commitments by using internal sources and is not burdened by a legal or financial obligation from the other party or parties.

A contract for futures where the underlying asset is one security rather than an index or basket of one hundred. See One Chicago LLC.

A report that recurrs which describes and records a particular event or occurence. It is not periodic.

1. An illegal practice where money is taken from receipts for cash that is for personal use.2. Fraud where the numbers from a credit card are first recorded and then transferred to

A miscalculation in accounting that is caused by the movement of a deciaml point to the right or left of its proper position.

A suspension of zeolites or metals inj liquid that becomes a solid when an electric current is passing through it and returns to a fluid when the current stops.

A method using the accounting basic principles in the social aspects such as medical and environmental area of economics.

A document highlighting how a company from the service industry is making a difference by dveloping new technologies and new products.

The amount of tax paid by a worker towards social security benefits.