PROVED RESERVES
The levels of a resource such as coal, oil and gas that is estimated with an amount of certainty after study of geological and engineering factors that can be removed from a
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The levels of a resource such as coal, oil and gas that is estimated with an amount of certainty after study of geological and engineering factors that can be removed from a
Having to do with and related to the science of psychology. There may be psychological reasons why certain people react one way or another that is different to how other people will
An organisation that is charitable whose funds are provided by a company or private person, though not more than 50% of the capital can be from that company or private individual.
The governement owns at least 51% or controlling share of the company. It is known as nationalisation when it is completely owned by the general public.
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
In anticipation of a future event, preparation helps to make something ready to be utilized.
The risk associated with the failure of the couterparty to settle the required amount.
Under this agreement, the price that the buyer pays is the one prevalent at the time of shipping and not the price at the time of ordering.