Category: Finance

This is a court session that anyone can attend, if they wish.

A market in which prices are controlled by supply and demand, rather than government policy or independent cartels.

An agreement between countries that enables unrestricted overflight and landing rights to each other.

The stock owned by a business at the start of an inventory keeping period.

Footnote reference term, referring to a title previously cited in another footnote.

Plastic disks (e.g. CDs, DVDs) used for storing and writing data. These disks can be read and written onto by laser devices.

A trader who sells call options or put options, and must perform as instructed by the option buyer.

A will communicated verbally to witnesses, rather than in writing, usually when the person is near death. Few states accept oral wills, due to the possibility of fraud, and they are generally

Assets that do not qualify as capital.

In 1913, William Howard Taft ratified this law that split the Department of Commerce and Labor into two separate departments (the Department of Law and the Department of Commerce).

Individual behavior that is not mandated, but promotes the interests of the organization.

Teams, groups or departments within an organization with specific functions and objectives, and with their own allocated resources.

One complete cycle of to and fro motion from one extreme to another, and back to the original position.

Classification term that applies to costs and revenues related to activities beyond the core business of a firm.

Adverts displayed outside buildings and along the roadside.

Purchase agreement that obligates a buyer to purchase (at fixed prices) everything a supplier produces during a fixed period.

When company invests more than it has to in a production unit to produce a superior product.

Ongoing expenses incurred by the day-to-day running of a business. Includes utilities, rent and subscriptions.

1. The income from commissions received by a sales manager, based on the total sales made by his or her subordinates. 2. The payment of fees by a seller to a broker

1. General: Occurs when a business conducts more transactions than its working capital can sustain, straining cash flow and creating the risk of insolvency. 2. Securities trading: A trader?s attempt to extract