Category: Finance

The time period in which a person was employed and has provided his services, usually before his pension plan became active. Might result in the exclusion of employee benefits that were with

A decision that was given by the Supreme Court back in 1869, which excluded insurance from regulation by the federal government, since it was was not classified as commerce. However, the ruling

A ratio written as weeks of inventory purchases that are unpaid. Dependent upon the terms of credit provided by the suppliers, as well as the payment policies that have been set up

Payment usually made once the bill of exchange has matured, or after it. Usually done in good faith.

The unit of volume used traditionally for dry commodities. One peck is equal to 2 gallons.

The amount which can be added to the funds of an individual, as well as the contributions regularly made by the Registered Pension Plan.

The percentage volume of any substance in liquid or solid state, and by how much it would evaporate at the standard, ambient temperature. For instance, gasoline is regarded as being 100 percent

Performing any contract within the time frame provided and completing all the requirements, meeting the specifications of the customer precisely.

Various different activities that are carried out to ensure the smooth operation of a machine, equipment, system or plant. Usually carried out on a regular, preset schedule.

An employee who is hired to work without any time frame for his exit. For instance, a contractual employee might have his contract rescinded, or will have to leave if it is

The daily limit of exposure to any substance to humans, standardized in an 8-our shift. The Permissible Exposure Limit was set up by OSHA.

A specific term that is used in reference to benefits provided in certain states, such as those which are needed for vehicle insurance. Such a benefit commonly spans death by accident, or

A rendition that is made to depict the outer view of any object or design, without having to remove any parts. Thanks to the sectional views, parts that would usually not be

A small violation of the law. Usually, the punishment is less than six months as per the court of law.

An act of illegally gaining access to a computer, stealing private information and then utilizing that information for harmful activities. Phishing is usually popular through various email frauds and internet related activities.

A safety measure that is taken in order to prevent oneself from harm/ injury that might be caused due to the surroundings. For instance, placing a burglar alarm is a physical safeguard

A couple of commercials, which are aired within a single time slot, so as to market an advertiser’s products.

Stock that has departed the firm’s warehouse, but is yet to be sold to the customers, and hence, is in the ‘distribution pipeline’.

A series of different steps and decisions that are taken in order to identify goals, objectives and needs, and then plan a way to achieve and fulfill those needs.

The amount of years through which data can be recovered on any magnetic disk or tape, without any errors.