Category: Finance

A type of management which does not get affected by any changes in the environment. Passive management adheres to a strict agenda.

A defect, or anomaly in any item that might cause it to malfunction. Can be found easily upon inspection.

A level used to measure the extent to which the pay of an employee matches their own contributions and what they deserve. A higher pay equity means higher job satisfaction, and vice

The party who makes the payment. Known as a writer too.

A company owned by eBay, whose primary function is to process online payments and transfer money from individuals and companies. It was set up in 1998, and accepts 18 currencies at present.

A detailed review/ thorough analysis of the performance and capabilities of a member of the peer group. Made by experts from the same peer group only.

The total debt owed by the country divided by the total population of the country. It checks how much money a citizen must pay in order to overcome the debts owed.

A simple test which is used to determine whether any approved plan will provide benefits to at least 70 percent of the employees that are towards the lower end of a company’s

In business terminology, performance indicators are commonly used to analyze certain objectives.

Any activity which occurs in an accounting period, to be recorded within a prescribed time period on the financial statement.

Any lender who gives financing for over 15 years, usually to act as financing for the establishment of real estate projects is known as a permanent lender.

The demands of a job or role that must be played by an individual, usually in conflict with her or her skills and personality.

An insurance policy which provides cover all personal property owned by an individual at any location. The presence of the insured is not required at the time or place of loss.

A spray that is made from chemicals, or biological substances, designed primarily to kill pests. Pesticides are useful for killing small pests that infest crops and plantations. However, it should be known

The standardized picture format used for decoding and encoding television signals, throughout most of Europe, excluding France. The specifications of the PAL format are as follows: 786 pixels in each line, a

A kind of fog, which is darkened and becomes quite heavy due to the presence of fine droplets of various chemicals and ozone, usually caused by the reaction of sunlight with automobile

A method by which substances that can contaminate the soil are removed from the soil through the plantation of new plants.

A practice that is considered highly unethican and in some cases illegal, piggybacking is a strategy by which a broker will immediately carry out a trade in his/ her personal account, after

Very shallow depressions made in to a metal, usually due to corrosion.

The capital assets which are utilized by the plant in the manufacturing of goods and services.