Category: Finance

An arrangement in which a person becomes liable for the debts of another party, in case the other party fails to clear their dues on time. Can be regarded similar to a

Employees working in a certain company/ organization or firm.

Products that are obtained by processing natural gas and crude oil. Examples include liquefied petroleum gas, fuel oils, automotive gasolines, etc.

The act of making a charitable donation. It is from the Greek terminology, and bears the meaning ‘love of mankind’.

To gain physical possession of any asset or record, after gaining authority from the legal custodian. Or, it could also mean to legally restrict a person within a confined space.

A term used in shipping that determines the overall size of any shipment.

Promotional activities aimed at introducing a new product in the market. Usually an expensive ad campaign is undertaken.

A legislation that states that if the obvious meaning of any document cannot be contested, then it must be accepted as it is.

Software that is not locked to a certain platform; can be run on different platforms.

A slightly higher platform than the standard ground, from where people can see the person who is giving the speech.

An identified source from which pollution is emitted. For instance, the chimney of a factory, or a septic tank, etc.

The presence of harmful substances (either physical or gaseous), noise or energy (radiation) within a certain area, that causes harm to the surroundings, altering the natural environment around which it has been

All of the individuals of, units or samples that make up a constitution, usually for study purposes. For instance, the ‘population’ of a country is xxxx numbers.

Earnings made through dividends, royalties, interest and capital gains.

A request made by an auditor, in order to confirm the accuracy of any article. It might be express or implied. Usually, the request is made with a party who is dealing

A small term in the code of accounting, generally linked to an item within the ledger that provides important information relating to the post, such as the type of account or transaction.

The capacity of a company in order to provide the best possible service without any interruptions or delays.

A rule in environment management which states that if serious damage can be caused to the environment and/ or to the health of a human being, immediate steps should be taken in

Any condition from which the insured is already suffering from before he/she applies for an insurance policy.

A bond that has been issued by the government. Generally, it is already backed up by several securities of the government which are set in escrow.