Category: Finance

The total costs incurred, such as depreciation, interest and other costs which commonly occur as time passes. These are treated as fixed costs. Known commonly as period expense.

A reference to the fact that services cannot be stockpiled, or produced before they are to be consumed. Meaning they will be present only during the production phase.

A partial disability that will affect the insured forever. Since it is partial, the insured is not completely incapacitated.

A person who is rejected by those whose acceptance is required in a scenario.

The amount of money spent by an individual on his or her own self. Personal spending covers shopping expenditure, car payables, as well as medical bills.

The total amount of pesticide residue that can be allowed to remain within a crop, that will be harvested. Secondly, it might also mean the ability gained by a pest which has

A retirement procedure in which older working employees are gradually led to retirement. The process is such that the working hours are reduced gradually over a period of time, until finally a

A software developed by Adobe Systems Inc. used primarily for editing photos. It contains a variety of filters and effects, as well as tools which can be used to manipulate a picture

A cleaning method used for removing the dirt off metals. Generally, a powerful acit is used at 80 degrees Centigrade, in order to to remove rust, dirt, or oil.

A method used for fixing the consequences for a certain group or society, or to fix the negative externalities of any company or industrial sector. Extra taxes are levied on the companies,

The location where a business is actually located; where most of the business activities, as well as their records are kept.

An estimation which depicts the amount of money it will take to manufacture a certain item within a certain department of the company.

Any piece of hardware that is compatible with a certain kind of outlet, or socket without any modification.

A marketing display set at the point where maximum sales are made; useful for promotional campaigns, etc.

Political partices, pressure groups or influential political individuals are known as political forces.

An economical term, used to refer to a situation in which the number of buyers far exceeds the number of sellers.

A place from where a consignment has begun its carriage by sea.

The authority/ influence that is given to the individual who possesses an office or is given a position.

The antonym of ante date, ‘post date’ is any date that lies in the future.

The total amount of money which needs to be paid to any contracting party that fails to perform to the injured, or aggrieved party.