Category: Finance

The transfer of the operations of a company to another country with favourable economic conditions or due to the availability of cheap labor in the other country.

A nonfraternal insurer who operates on the basis of a legal reserve is referred to as the old line.

A discount or gift voucher that is placed on a product or its packaging to increase the likelihood of impulse purchases. Often used with products new to the market.

The use of websites, search engines and emails, to send promotional messages to Internet users. Because a site?s visitors often share information about themselves during registration, this advertising can be tailored to

A flight ticket purchased at a heavy discount without a flight time or flight number, to be used at the airline’s discretion.

This is a software protocol that enables different proprietary databases to exchange information.

Buying goods without negotiating or signing contracts, usually in small quantities or in an emergency.

Software that can be downloaded, modified and redistributed for free. However, open source software often includes restrictions on re-sale.

Willingness and ability to accept behaviour or beliefs that are different to one?s own or to those of the mainstream.

1. Abbreviation for operational excellence. 2. Also used as an acronym for operational expenses.

The best or most valuable, although not necessarily in all circumstances. For instance, the candidate who best satisfies the criteria for a job would be the optimal candidate.

The simultaneous buying and selling of multiple options on the same underlying asset.

The practice of increasing net audience by showing a commercial at different times.

Buildings that have wooden joists, stairwells with only limited protection and finishes that limit where a fire can spread.

Agricultural production processes that only use natural sources of nutrients and do not use synthesized chemicals or genetically modified crops.

The extent to which an employee buys into an organization?s goals.

1. To employ a logical system to structure otherwise random or chaotic elements. 2. To operate in an efficient or methodical manner.

Movement of a solvent towards a higher concentration solution from a lower concentration solution. Osmosis occurs through a semipermeable membrane that keeps the two solutions separate, but can be passed by the

Sources of additional funding during a business period, other than depreciation or tax deferral. Sources include lease agreements, retained profits, hire purchases, etc.

Transferring money from one account to another, to pay for products or services.