Category: Finance

Negotiations and discussions carried out between the contractor and the client, before the tender has been awarded. Generally done in order to get a lower price rate.

A clause which allows the present stock holders to gain preemption rights.

The rate at which a publication would alow a client to place an ad in its ‘preferred position’.

The excess amount paid on the shares that are outstanding of the common stock, held by a company.

The P.S. 58 charges are generally calculated by the IRS, through a table that is supposed to show the cost of pure death protection. There are several plans under which the economic

A pager is a small electronic device that was used for relaying small messages from one pager to another. Communication is generally one way. However, with the advent of mobile phones, pagers

A pallet is a small tool, or a piece that helps in the mechanized movement of goods that are stacked. It is essentially required for forklift trucks. The pallet is made commonly

Documents that hold significant value, such as being an accompaniment for transactions for shipments.

Another name for the Difference in Conditions policy. Usually, it is a contract designed to isolate the available policy, which brings an increase in the insurance of property, which allows the property

Allowance provided by a religious constitution to a clergy they have ordained. Primarily, the parsonage allowance covers the fair market rental value of the house, as well as any maintenance costs that

The conveyance, or transfer of any title of any good/ property from the seller to the buyer, usually resulting in the transfer of ownership as well.

A mistake on the part of an interviewer, or the anchor, which occurs when he/ she rates an employ using their past ratings as a base.

A significant amount of money which has been invested for a period of over 5 to 10 years.

An amount that must be paid at any time, without an notice.

A setup in which the buyer can receive delivery documents, only after the full payment of the bill of invoice has been made.

A commercial software program that is used for accounting purposes. Created and owned by the Sage Group’s software department.

A fine for any cancellations or changes that are made once a ticket has been generated.

The level of uncertainty of a consumer, depending upon whether the purchase he/ she is making will be worth it or not. The perceived risk is higher when a more expensive purchase

A defense in which the accused is acquitted fully with all his/ her rights restored.

Expenses which take place on an irregular basis. Not recorded on a monthly basis. An example can be the payment of insurance premiums on a quarterly basis, maintenance costs of property, etc.