OVERHEAD ABSORPTION
Applying an amount of overhead costs that reflects the expense of producing goods or services.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Applying an amount of overhead costs that reflects the expense of producing goods or services.
An outer container that protects one or more inner containers.
Known as ?time and a half?, refers to the fact that employees earn 50% more than their usual hourly rate when working overtime.
1.Nominalism is a legal concept that states that the amount that is due remains the same in the event of a currency appreciation or depreciation. 2.It is also a philosophical concept that
An understanding or arrangment between the employer and employee that accounts for the reimbursement of employee expenses unrelated to the business. It also refers to reimbursements that were not requested within the
A type of financial equity that requires the payment of a penalty if it is redeemed before the maturity date. This protects the holder from the income loss that is caused by
Costs that occur when product quality is not up to standard. It also results due to production imperfections and includes both internal and external costs.
An intermediary organization such as the government that facilitates transactions between the savers and borrowers. Time deposits are however not accepted. These intermediaries source their lending activities through the sale of securities
Capital goods such as machinery that are not used up during a manufacturing process and thus retain their identity and features.
Financial transaction with neither a direct nor an indirect execution to the benefit of the user. Sometimes, these transactions do not need to be registered with the Securities and Exchange Commision (SEC).
The profit realized from activities such as the sale of an asset, which is not related directly to the firm’s primary business operations.
A person who engages in investment activities but is not involved or affiliated to the SEC or other agencies. Also, a person who is not an investment broker, but is actively involved
1. General: The intention to be liable to one’s obligation according to a contract and expect the the obligee to honor the contract with performance deliverence. 2. Electronic Commerce: Be liable to
A land right which was not exercised within the statutory period. A continued use of the land will result in having to give up ownership
A latin term for ‘it is known by the company it keeps’, it is the concept that the intended meaning of an ambiguous word depends on the context in which it is
The impression of the notary public stamp that is used by the notary public to authenticate and legitimize signatures and documents.
An order by the court mandating an individual’s presence at the hearing on the specified date.
The allocation of a unique number to identify an account holder instead of his name. All banks follow this system of allocation and reference.
A technology developed by Microsoft that allows for information from different media to be inserted into another file through two methods. (1) Linking: The files involved are separate, But through a link,
Diseases or disorders to the health caused due to an involvement in a particular occupation. Reffered to as industrial disease, it causes cancers in workers in the chemical industry, and other such