ORDER OF MAGNITUDE
To increase or decrease some aspect of a process (e.g. output, efficiency, waste) by a multiple of 10.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
To increase or decrease some aspect of a process (e.g. output, efficiency, waste) by a multiple of 10.
Total payroll expenses for all employees of an insured business, excluding executives, contractors, officers of the company and departmental managers.
Flow chart, showing the hierarchical structure of an organization, including formal lines of communication and accountability.
The process by which organizations enhance their ability to understand and adapt to change. Involves wide-scale interpretation and integration of developing knowledge that leads to changes in organizational policy and practice.
A customer?s first order with a company, used by marketers to gain understanding of new customer behavior.
This condition is found in almost all insurance policies (except life insurance). It stipulates that, if multiple policies apply to a given risk, any associated losses will be paid from all relevant
Classification term that applies to items that do not meet given specifications.
An estimation of how long it will take a company to spend the revenue generated during an accounting period.
1. Retailing: A drug or medication that does not require a doctor’s prescription. 2. Securities: Unlisted US securities (usually unlisted because the issuer does not meet the exchange?s requirements).
Occurs when expenditure exceeds the budgeted amount.
To place demands on a piece of equipment or a system that are in excess of its capacity, typically resulting in damage to equipment or system collapse.
This is the arrangement under which a number of share holders can apply to purchase the portion of a rights issue that is not distributed.
A provision within insurances policies that allows a policy to be owned by someone other than the person insured.
1. Bank deposits: The stated rate of interest on deposits that is expressed in terms of current dollar, which does not take the effects of inflation and compounding into effect. It is
A set of measures aimed to restrict imports and does not include high import duties or tariffs.
An offense that has led to the rejection of bail for the accused.
Advertisements such as public service announcements that are aimed at educating the consumers or instilling an idea in them. They are often used in the electoral process to gain votes.
A will stated by a person on his death bed in the accompaniment of witnesses.
In the event of any foreclosure action against the landlord, this agreement between the tenant and the landlord’s lender ensures that the tenant is not robbed of possession of his leased party.
The policy payments that the insured is entitled to in the event of a cesation of payments. The insured has a choice between the cash surrender value, the paid up surrender value,the