PROJECTED BENEFIT OBLIGATION (PBO)
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.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
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
Items that are sold, made or offered under copyright, patent or trade secrets laws by the rightful owner. Proprietary items are usually unique and will contain different components to a competitors product.
This is a proportion that is usually time based and is used to calculate an amount. For example, you may start to rent a property in the middle of the billing cycle
This is a plan for retirement that is made available for no charge to the individual. This free because it has been sponsored by an organisation.
Ratios that are used by banks and bank regulatory authorities that are used to monitor and to determine the stability of the banks finances. The ratios are free capital, capital adequacy and
A collection of taxes that is from those who have benefited from the government’s providing of goods to the public. This tax is then used to further provide public goods for the
An offer of stocks and shares to the public from a company entering the stock market. The sale of shares is guaranteed by an under writer. The offer is only produced after
An account that stores the funds for use by public facilities such as schools, government agencies, fire, police and EMT departments, and public hospitals. These funds can only be accessed by an
The production of an item is created due to the demand that is created on a daily basis. The information for this system flows for the market direct to the manufacturer. It
An element that does not change its weight or mass when it is turned into the finished product. It contains no impurities that are burnt off or removed so the weight will
The act of organisms that can make a food stuff or organic product or item become putrid. Any food stuff that can be attacked by the micro-organisms can be made putrid. The
This is an order that will allow a divorced spouse to be the recipient of a dividend from a retirement plan or an investment in stocks and shares. The decision has been
This market research interviews consumers that have purchased a new or recently improved product on the market. Only a small number of people are interviewed in order to gauge the consumer reaction
A mathematical formula that was developed by Dr. Genichi Taguchi in Japan in which the result is listed in money terms. It is a formula that estimates the loss of quality that
Also called the 7 tools of quality. Any type of device or tool that is used to support the quality of all products. It can take the shape of a chart, technique
The amount that a company will provide so it will meet the demands of the customers. The amount is made available after the customers have been monitored to indicate the demand for
An organisation that is not run by government and whose members are nations and countries and not individual people. The functions performed are often those that are performed by a government.
Again the term does not mean with no noise. It means with no interference from another party. Each sale carries the implication that it can be owned without any interference.
An activity that is criminal and people subjected to a racket are usually deceived of their money. Methods used to get money or goods includes bribery, extortion and intimidation. See, What Is