Category: Finance

A legal document which provides guarantee on the part of the exporting country, stating that the agricultural shipment has been thoroughly checked, and contains no plant diseases or any dangerous pests.

A simple method of promotion in which a firm would begin selling another firm’s product as a ‘bundle offer’. The other product is one that does not compete with the firm’s original

In chemistry, pitch is another term used for asphalt. In mechanices, pitch is the distance between two adjacent openings of a gear. In the travel industry, pitch is the empty space situated

The materials used within plants, either directly or indirectly for the production of goods or services.

A kind of fund in which all of the members are generally trying to achieve a certain goal. Usually, in such a fund, the contributions are clearly defined.

A point at which th e number of input at a marginal product is at its peak. After this point, it begins to reduce.

The set of guidelines, as well as long term goals which are taken in to account when policies are being made. These give the direction in which the firm is moving.

A geographical area created, with limits that are created in accordance with the streets as political limits, and has clear physically visible characteristics.

A method by which entrepreneurs establish retail outlets on a temporary basis. Commonly, pop up retail methods are used to set up temporary outlets in untested markets by large corporations. This helps

Getting a portfolio reinsured until the period of time until all of the existing premiums have been paid.

A term from the decision theory, where nobody is a winner at somebody else’s expense, while the sum of all winnings as well as the incurred losses is a positive figure.

Any case in which the borrower might default on their payments in the future. The term can be used to refer to a borrower who has a higher probability of defaulting.

An authorized document which needs to be taken from the insuring party, before an insured party can be admitted to a hospital.

A method of waste reduction in which materials that have been discarded are set apart on their level of recyclability.

A pact of trade, formed between two or more countries, allowing them to reduce the tariffs charged on specific goods during trade with each other. Even though the tariffs aren’t completely removed,

A term commonly used to describe a burglary that was caused at the premises of the insured party.

Costs that are incurred before income has been reported on the balance sheet.

It is a term that is used for a little piece of data that is sent over a network. Might be a LAN, WAN or MAN. ‘Packet’ data includes several bits of

Any loan that has been paid for in full, any obligation that has been discharged or the prices that have been paid for are regarded as the paid up loans.

A paper asset is one that is recognized on the balance sheet, but it is of no use to the company, nor can it be sold for financial gain.