Category: Finance

A second opinion from another doctor to ensure that the surgical procedure is necessary.

Not a primary liability but an indirect obligation.

An open standard for the encryption of data, authentication and privacyover a network like the internet.Netscape developed the idea that is based on the RSA method. It is independent of teh application

A defined area where customers are drawn from that is seperated from other markets. Seperation can be by government bariers, lack of information and barriers.

Electricity production on one’s own property with one’s own equipment that is owned by the consumer or by a third party.

1. The full responsibility for the funding of a project. 2. A plan of healthcare where the employer pays for actual claims and not any anticipated claims.

the production cost (1) remains fixed to a certain volume, thenit is variable, (2) total of which responds less to changes in activity volume, and (3) has a fixed element of cost

a constitutional principal limiting powers vested in an institution or person.Governmental authority is divided into 3 branches: Legislative, executive and judiciary.

A classic type face that has extensions at each termination in the letter.

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.