PORK BARREL SPENDING
A process by which local projects are funded through the government’s funds, in order to attract more investment in a certain representative/ populist’s area/ district.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A process by which local projects are funded through the government’s funds, in order to attract more investment in a certain representative/ populist’s area/ district.
The common cement which is currently used in the manufacture buildings, etc. It is made from pulverized iron oxide, magnesia, alumina, as well as silica, all of which are burnt at very
A contrast of the realized income that was brought in by a project as well as the income which was projected during project appraisal.
A potential market is one in which the individuals exhibit a liking, or preference towards a certain product.
Preparatory advice that is given about a credit letter, usually given to the issuing bank from the advising bank, when time is of the essence. It is also referred to as the
A pricing method of selling certain goods at a lower price than is required, or to give away goods for free, generally done so as to eliminate any competition from the market.
Any debt which is discharged before any other debt is paid off.
A discount given to any policy holder if they decide to pay all of their premium for the year in advance.
Wage in current dollars, as an indicated of its purchasing power of goods and services. It differs from its true value.
The sum of winnings and losses of all player does not add up to zero and represents a possibility where everyone can win. In game theory, this refers to the situation when
Days such as public holidays or the weekend when business transactions do not take place. If a contract is due on a non-business day, it is usually processed on the first business
An illness that gives the insured, freedom to go outdoors.
1. General: An obligation that cannot be outsourced to a third party according to the terms of the contract. In the event that it is delegated, the second party reserves the right
A license that grants several licensees within the same industry, the same rights to an intellectual party at the same time or consecutively.
Obligations such as wages that have to be fulfilled, without worrying about interest accrual.
An asset or investment such as interest income from a fixed deposit, that generates additional income for a business, but is not a part of the operation of the business.
Costs such as the administration costs that are a non-contributing factor to the manufacturing cost of a product.
Natural resources such as gas, coal, etc that can be consumed only once and hence are irreplaceable. Currently, most of the energy resources that we use are non-renewable. The renewable resources are
A balance sheet based on the concept that equal value should be placed on a firm’s intellectual and physical assets. As such, it assigns an arbitary value to intellectual assets, intellectual capital
The classification of group industries into 20 sectors, which are further classified into 1,170 industries based on the establishment type. The identification is through the assignment of a 6 digit code. For