SOFT CLAUSE
A provision in a L/C giving complete control to the buyer and making the beneficiary powerless.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A provision in a L/C giving complete control to the buyer and making the beneficiary powerless.
The development of software by an agreement stating the responsibilities and rights of the writer and customer.
Matter that is in a crystalline form rather than a liquid or amorphous state.
Crude oil that contains a large amount of sulphur by weight, usually above 1 %.
A legal that says that a state cannot be sued by a citizen of the state.
Offer a broad coverage to any property, commercial or personal that will cover all risks but might have a lot of other exclusions.
Any specialised equipment that can be only be used for a specific purpose. Items like gauges, dies, molds, jigs, patterns.
The fee paid by a company for occupying and utilizing a property for its business operations.
In the event that an employee dies before officially retiring, the preretirement death benefit pension plan is designated to the deceased.
The wages, both trade and public work, that workers in a particular area are paid. It is expressed in hourly wages and is inclusive of overtime wages and benefits.
The 4 components that are used to determine the mortgage installment on a property that is payable on a monthly basis. It can used in two ways: (1) Before the loan approval:
The requirement of an approval from the state before the interest rate is changed.
The individuals responsibilites for mortgages and other similar liabilities.
As opposed to nationalization, privatization is the sale of enterprises owned by public companies to private companies.
Greater than the normal probability of an event occuring.
A contract that states the goods or services that need to received. The basis for a procurement action is based on this. The procurement request package also includes the statement of work
Manufacturing process, including different stages of design, produce, distribute and service are known as production system.
Gradual movement towards the objective of a task.
A calculated analysis of the present value of an employee’s post work pension assuming the employee would still work. In the company’s accounts, it is the pension liability of the company.
This is the receipt that has been signed by the person that an item has been delivered to. The item was in a good and undamaged condition and the receiver has accepted