Category: Finance

Reasonable compensation is compensation, which is consistent with the normal reward for any employee for the work performed or duties that are involved.

This term refers to the administrative functions that include checking the quantity, quality and condition of any incoming goods followed by their proper storage.

Indifferent and conscious contempt of others’ reputation or rights, the dangerous consequences of one’s action. In defamation cases, the defendant’s malicious intent is judged against the standard of ‘reckless disregard for truth.’

A recording fee is the fee charged by government agencies for recording purchases or sales of real estate. These transactions are required by law to ensure accurate records and recognize ownership.

Payment received for work ,once completed on a reoccurring basis. This type of income stream allows for a person to continue receiving payments for the same work on a constant basis.

Fundamental principle of most modern economies whereby a nation’s wealth is channeled, from those who have more to those below a certain income level, through taxes that pay for welfare.

Also called working copy or convenience copy. This is a duplicate copy of an official record but not the record copy created for ease of access and use.

This term refers to the intentional acceleration of economic activity by a government, usually by using inflationary and public spending measures, to reverse deflationary trends.

This is an office that is located in a geographic location of the area where business is handled. Also known as a branch office.

A particular type of connection existing between people related to or having dealings with each other.

1. The ability of a machine or appratus to perform a specific task. 2. The process of converting raw materials, components, or parts into finished goods that meet a customer’s expectations or

the act of removing or state of being removed

An amount of money set aside because building components or equipment will wear out in a relatively short time and need to be replaced.Replacement reserves can be a mere accounting entry as

The time between inventory replenishments.

The payment that continues to be received after the services or goods have been provided. An example would be music on a movie sound track that was previously released.

1. A reaction to an event or situation aimed at controlling it.2. Behaviour resulting from stimuli. 3. Answers to the plaintiff’s allegations.

The study of selected retail outlets providing a service based on subscription to market research firms. They will gather information ona brand’s volume of sales, trends in sales, levels of stock and

A rating system where an employerpays a part of an employee’s cost for any health care.

The amount of money given back to the insured when a policy is cancelled or the rate is adjusted or the premiums have been over paid.

The evaluation of the behaviour of management and the employees effectiveness.