PUBLIC UTILITY
The provider of a service to the public such as transport, enertgy, telecommunications, waste disposal, or water and any other public goods and services.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The provider of a service to the public such as transport, enertgy, telecommunications, waste disposal, or water and any other public goods and services.
Lists of jobs that have not been completed by a contractor before he is due to be paid. All items must be completed before the contractor is paid the rest of his
A situation that has arisen where there is no chance of gain but there is a chance of a loss. There will never be a chance for gain but you may not
This a network of marketing that is illegal in most countries. In order to sell retail products a person has to pay a joining fee. Only the person initiating the scheme makes
A trust in which the assets are able to be transferred to a spouse for the length of their life. The assets can also not be transferred to another person after the
The measure of the relative risk that is involved with a product or service. It numbers from 1 to 10 and uses terms like very important, important, not important, not very important.
A system that has been developed in order to maintain the desired quality and specififcations that have determined necessary for a product. The system will also work towards maximising efficiency in order
A number that is given to a subjective aspect of a phenomenom or object. It uses an arbitary scale to measure the attributes and characteristics that are exhibited by the object or
The guranteed rate of exchange between one countries exchange rate and another. The rate is guaranteed at the time.
Through the use of modern technology, information is researched and developed in order to provide the information to other industries.
A unit of metric measurement. It is the equivalent of one tenth of a tonne or one tenth of 100 kilograms. It is equal to 220 pounds.
1. The transmission of heat through space. It is aharmless form of radiation. 2. The ionising radiation that is emmitted by radio active particles. It is harmful to all living flesh and
Named after Frank Ramsey, known as the elastic rule. This is a term used to imply that if the market increases the price will increase accordingly. People used to buying a product
A guaranty made by a financial institution that assures the secureness of the prepayments made to a contractor.
The force experienced by a surface that is expressed in terms of force per unit area. Its SI unit is Pascal (a force of one newton on an area of one square
The agreement between a customer and the contractor that is used to determine the price or cost of reimbursement.
Assuming that all other factors remain constant, this principle states that for every additional quantity of a good consumed, the marginal satisfaction derived for the user decreases.
An adjustment of the errors in the financial statements of a previous period, that is reflected in the financial statement of the current year.
The consumption of an item, that deems it unusable for another individual or party.
A behaviour that focuses on results and actions rather than acting when something happens. This type of behaviours aims to identify and take advantage of opportunities and also to prevent potential threats