Category: Finance

1. Commerce: Seller’s legal right to take back not paid for goods. 2. Land development: Conversion of unusable land into valuable real estate. 3. Recycling: Restoration of materials found in a waste

A debt in which the borrower is not backed by any collateral. The lender can collect on the loan payments by way of foreclosure on the security and taking other assets.

This term refers to self reference: Application of a definition or principle to itself, such as analysis of the term analysis.

A biased practice in which a risk is deemed uninsurable or charged a higher rate due to its locality

This term refers to how a portfolios value is measured or how a transaction is denominated.

A monetary policy aimed at boosting the level of the economy, usually through inflationary means such as reducing the taxation level or public spending.

In the U. K. the register records all charges on an incorporated firms assets. This must be kept at the firms registered office.

A situation in which a country, individual, company or region can produce a good at a lower opportunity cost than a competitor.

A measure of the accuracy of a test or measuring instrument obtained by measuring the same individuals twice and computing the correlation of the two sets of measures

Removal cost, defined as the cost of removing any physical material from the original location it was placed in, is an often forgotten cost. Despite this, it can have a huge effect

To rebuild an amount of money that is available for things such a petty cash fund.

Any property that has been taken by the government. It may be real estate, equipment, vehicles or machinery.

1. The ability of a material to return to its size and shape after deformation. 2. The ability of a piece of machinery or a system to absorb impact of a component

Any form or document that is completed and returned for the purpose of making a donation.

Banking services such as savings accounts, credit cards, loans that are provided for individuals. See Consumer banking. See coprorate banking and wholesale bankinh.

If a commission is paid on a full policy and the policy is cancelled early, a part of the commission needs to be returned.

A benefit that is offered to credit card holders that will allow them to get credit for a returned item even if the seller does not take returns.

An auction where more than one seller is selling items and are competing for a price that is acceptable to the buyer.

An assets estimated value at the end of the holding period when it is sold.

The quantitative measure of an earthquake that is indicative of the energy released at a point 100 miles from its epicentre. It is a logarithmic scale.