OUTLAY
1. Accounting: The sum of all costs that are incurred during the acquisition of an asset or property. Includes taxes, the retail price and additional charges for installation and delivery. 2. Economics:
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
1. Accounting: The sum of all costs that are incurred during the acquisition of an asset or property. Includes taxes, the retail price and additional charges for installation and delivery. 2. Economics:
A quantifiable result of an activity or process.
When production capacity exceeds the demand for a product.
Situation in which an economy’s production capacity fails to meet the demands of the market, which can cause or exacerbate inflation.
Occurs when a salesman continues trying to sell a product even after a consumer has agreed to buy it.
Occurs when assets are created that benefit individuals at the expense of the company.
An entity whose involvement as a defendant in a case has no bearing on the outcome. The entity is usually called upon due to court procedures mandating its presence in the case.
Assets such as the interest on a bank deposit, that are only recorded only upon the realization of the earnings.
Also referred to as interest only loan, it is an arrangement on a loan which requires the borrower to pay periodic installments to cover only the interest amount. The principal amount is
Investments and Finance that are carried out without the traditional inflow and outflow of cash.
The modification of loan terms that grants eligibility to borrowers with very limited financial strength. The term ‘non-conventional’ is used an indication of the tools employed to modify the loan terms and
Noncompliance with the requirements to reveal information.
An industry whose services have no correlation to financial goods or services and investments.
The opposite of linear systems, it refers to the system whose external factors may be disruptive and non-additive. Non linear systems cannot be broken down into smaller parts and then put back
A provider who is not contracted with a health plan, or one who is prohibited from participating in Medicare.
An abnormal variation that is caused by a few factors, but causes a noticeable defects that are easily detectable. In quality control, these an be identified and eliminated to ensure a high
Errors which are caused by a lack in the clarity of data, inaccurate sampling methods, or failure to meet specifications. Poorly designed surveys, unprofessional selection of procedures and improper allocation of samples
Computer memory that is not dependent on power. This includes CD’s and DVD’s, tapes, etc. In contrast, volatile memory devices such as the silicon random access memory (RAM) lose memory upon a
When members of a community unite together to oppose the establishment that is not desired due to the hazardous nature of their activities, and sometimes against the establishment of institutions such as
A notice assigned to instruments such as a check that has been dishonored. It indicates the nonacceptance of the dishonored instrument as a form of payment.