Category: Finance

This rule refers to the addition of a gain that has been realized on a depreciable asset when the asset has sold for more than its book value, as taxable income

A location or place where the insured’s business is accepted or approved. Under business income coverage, one of the types of properties or assets that may be covered.

This term refers to the Administration of files, documents and records created or received by an organization to ensure proper authorization and procedure for handling or having access to records.

This term relates to the clause within a health insurance policy that specifies the time-period during which a condition is considered a recurrent disability or is considered a different condition.

A type of share that is liable to be bought back by the issuers on a specific date or after a specified period of notice. Some jurisdictions prohibit the redemption if it

Defined by Michael Hammer and James Champy in their 1993 book ‘Reengineering the Corporation’ as “Fundamental rethinking and radical redesign of business process to achieve dramatic improvements in critical measures of performance

This is the period which is used to take advantage of lower interest rates, borrowers replace old debt with new debt.

This term refers to heat that is derived from shredding solid waste that has had glass and metals removed.

Effect of an action, change, or decision returned to amplify what caused it. Reinforcing feedback drives a system increasingly faster in the direction it is already going whether away from its goal

A relay is an electrically operated switch. Many relays use an electromagnet to operate a switching mechanism mechanically, but other operating principles are also used. Relays are used where it is necessary

A collection of properties that describes a region on the mainframe. In the case of diagnostic tools such as Capture and Playback, an RE describes a simulated region.

Plan setup and agreed upon between a borrower and creditor that outlines how the money will be paid back. The repayment plan clearly indicates the original loan amount, how much goes to

Any effect that is adverse to organs of reproduction.

The jurisdiction that covers the place where a body is registered and carries on business.

In the order that it is given.

An endorsement that limits firther negotiation of an instrument that is negotiable.

Practiced by the credit card industry where the interest rate is increased and it covers item that were purchased at a lower credit rate.

The amount of income generated by a company during the year.

A project that does not need an investment of capital but requires continuing expenditure.

The arrangement where a broker or dealer buys a security and sells it on a set date at a higher price.