PUBLIC TRUST
Known as a purpose trust. It might or might not be charitable. It is created to promote public welfare and not for the needs of any single individual.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Known as a purpose trust. It might or might not be charitable. It is created to promote public welfare and not for the needs of any single individual.
The ordering of stock to replace the stock that has been sold. An inventory replacement system that is used by companies to replenish their stocks that are for sale. See push ordering
An economic term related to goods and services that provides services and benefit to the general public. The goods and services specified are for the public good.
When a company decides to reduce the cost of an item in order to be competitive to increase sales. Normally the price is reduced to be the lowest in the market. It
A term used by auditors about accounts which have been audited and the auditor has doubts or disagrees with certain aspects of the accounts. The doubts will be considered to be of
These factors are used to highlight a company’s performance. These elements include items such as margins of profit, the style of management and product turn over rates.
The group of people charged with carrying out the quality improvements. They will endeavour to improve the quality of the production by cutting any losses and improving methods of the manufacture.
The continuing monitoring of all aspects of production from start to finished products. Each step of the process is constantly checked to maintain the efficiency and quality of the processes.
The discount that is applied by the retailer or wholesaler when a certain quantity of a product is brought by the one person. The discount will be applied to a one time
A corporation that has been funded by the government but does not act within the confines of governmental control. These corporations perfom the operations of a watch dog or regulatory function.
A multi media software that enables people to watch and make videos, music and animation films. Developed and distributed by Apple. It is used to playback files that have been created.
The rate that is charged for a hotel room or accommodation when a person just walks in off the street. It is usually more expensive than the rates that are charged by
Something that has more than one underlying option associated with it. These options are called colors. Hence the term rainbow option. These factors cannot be combined as one factor.
A plan that aids in the provision of legal services for its staff.
A necessary qualification before the next benefit, privelege, etc is received.
The determination of benefit amounts is based on the standard charges for the service in the residence area of the insured.
Security selling through either one or more dealers who stock up in bulk for their personal portfolios. The bought securities are then sold at a marked up or marked down price.
The aggregate number of copies that is produced in a print job under the order of the buyer.
The cost incurred by the supplier or producer to supply a goods or service. Internal costs such as labor, inputs, rent are included. Costs suchas environmental damage are however not accounted for.
A firm’s storage facility that is used to store its own goods.