Category: Finance

An account kept to manage the money that will be used for miscellaneous purchases. Petty cash accounts are maintained to keep a proper check on the finances that have been utilized.

The Phillips curve is a graphic depiction of the inversely proportional relationship that exists between the levels of unemployment, and the wages of a person. The main idea of the Phillips curve

Any activity that is designed to bring about a motivation in a person to do better. Examples of physical motivators include climbing, running, hiking, amongst others.

When a couple of companies take upon a business loan, it is known as ‘piggyback’. Similarly, if a company releases its stocks to the public, an investor can choose to unload his/

Managing different projects related to all of the activities that are linked to a certain set of goals.

A deliberate strategy adopted by businesses in order to render a product of theirs obsolete. Supply is stopped and production is halted after a proper plan, so as to minimize losses completely.

Platinum is a metal that is highly precious, since it has the longest life on shelf and is also the strongest. It is the most expensive metal in the world.

A kind of a passive contract made primarily for the licensing of downloaded software. Usually, after reading the agreement, the user must click on the ‘I agree.” area.

The standard serial 8 bit connection standard, which has taken the place of the serial line internet protocol to a great extent, making it the most widely used method of creating a

An endorsement which nullifies some parts of the pollution exclusion.

An estimation of the total land usage of a certain area. For instnace, the density of the population of an area can be expressed as the number of people living per square

Any loan that is considered to be an asset by a financial organization.

When a third party realizes a benefit, gained with no direct involvement and primarily through the transactions of another party, it is known as positive externality.

An agreement formed between a married couple, generally to provide specification regarding the division of assets in case the couple get separated or divorced.

Coming at a conclusion, or taking action after careful pondering.

Metals such as gold, iridium, platinum, rhodium, ruthenium, osium, silver, etc. Usually available in forms of bars, leaves, powders, wires, etc.

Any structure, or article that is created before being brought to the site where it is properly assembled, or installed thereafter.

An injunction granted before the trial has started, which states that the plaintiff will suffer extensive damage in case the injunction is not granted. Security must be posted with the court in

A clause included in certain policies, which grants the beneficiary a refund on the face amount of their policy, including all of the premiums that they have paid so far.

A packaage trip is a trip that combines the whole tour, ranging from air fares, hotel stays, guides, trips, return tickets, etc., all of which is offered at a certain price.