Category: Finance

See scope of work. All of the jobs required in order to complete a project, from the contract, employment and finishing the job.

Known as mean sea level where the average over many years has been recorded between high tide and low tide levels.

A term referring to membership in a futures or stock exchange. Ownership is represented by a member having interest in the decisions governing a stocks operating profits.

Activities performed by a company that are outside the scope of its normal operations.

The packaging that encloses the primary product . The box that a packet or item is sold in.

A form in commercial crime that will cover a security deposited with an institution like a bank or trust firm or a stock broker. It covers any losses due to destruction, theft

A statistical error that causes one sampling group to be selected more than other sampling groups. It will craete a bias in an experiment.

A test that is automatic and is done by a device on itself when the power is switched on. It is to detect any malfunctions or configuration problems. The device will then

An expense or obligation that is able to make repayments to fulfill that obligation. A hire purchase for example.

A sensitive asset that if compromised can cause serious harm to an organisation.

A manner of training where new skills and knowledge are built upon the skills and knowledge that has already been learnt.

The geographical area that a healthe care plan can service that is set by a state agency.

A plan where services are the benefit that is provided and not a money amount for benefit.

1. Called a change over where a new piece is made ready to start being made. 2. Arrangement of seating. 3. A fully assembled item that is supplied ready to be used.

A method used in accounting where 2 sets of records are kept in order to look for and find any mistakes.

a way of measuring an investments performance.It is calculated by dividing excess return by the amount of risk needed to generate the return.

A letter stating indemnity that is given by a beneficiary of a letter of credit or L/C that is to induce a negotiating bank to relaes a payment against the L/C despite

A partnership in business that falls inder Islamic Financial law. 2 or more people join to provide capital or labour in a business through a formal contract.

The short interest thta is then divided by a stock’s avarage daily traded volume. It shows the number of days a short seller would take to buy shares that are required to

The concentration of a substance in parts per million that a person or body can be exposed to in a defined period of time that is short. It us usually 5 minutes.