OVERNIGHT RATE
These are the interest rates charged by one bank to another for providing funds overnight.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
These are the interest rates charged by one bank to another for providing funds overnight.
Hours that are worked in addition to an employee?s usual working hours (depending on company rules, contracts, union agreements and the law).
The income that is derived from a security.It is stated as a percentage of its purchase price.
Rejection by a drawee due to a failure to honor the instrument of negotiation (a bill of exchange)
Income that is received from passive sources such as the appreciation of a real estate property and as such they fall under the tax related category of income.
Also referred to as defect, it occurs when specific requirements are not fulfilled
The failure to deliver goods or legal instruments in compliance with the law or custom
Workers who are not exempt from a rule or policy. With respect to wage and hour laws, employees who are nonexempt are to follow workplace regulations and are eligible for overtime pay
Monetary gain for financial institutions through charges on investment transactions.
Activities such as the insurance and maintenance of assets that are not directly involved in the operation of the business, but result in an additional expense for the firm.
Time that is not spent on the execution of a task or on manufacturing operations.
Refuseal by the insurer or the insured to renew the coverage on an insurance plan. Usually done on the policy’s expiration date or its anniversary.
A ticket that prohibits the transfer of tickets between two passengers.
The North Atlantic treaty of 1949 led to the formation of this military alliance between the 26 member countries with the intention of combating the spread of communism. It now makes a
A document which has been authenticated by the signature of the relevant individual and the signature of the notary public who acts as a witness to the signature. This document is then
The period within which the delivery of the contract has to be accepted by the contract owner. This period usually lasts between three and six weeks before the expiration of the contract.
The average number of days that an item spends as a part of an inventory, expressed as a ratio. It is used to determine the quality of inventory control and thus is
The total sum of direct and indirect costs to the manufacturer on a product or service provided.
The agreement that allows the buyer to occupy a property beforethe deal is finalized. This is in consideration with the payment of a specified amount of rent.
The issuance of highly rated commercial papers is carried out by financial institutions through the use of this instrument. It is treated as a separate entity that is not registered on the