NON-NEGOTIABLE BILL OF LADING (B/L)
Bill of Lading that prohibits use of endorsement to transfer.
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Bill of Lading that prohibits use of endorsement to transfer.
A market situation which exists due to the fear of a price war. As such, competitors do not reduce prices. They however, focus on building a distinctive image for their brand through
One time charges that are levied on goods and services.
A continuous flight journey between the point of embarkation and the point of disembarkation.
1. Statistics: With the help of comparisons and peer review, it is the standardization of data that is obtained from various sources spanning different periods. 2. Database Programming: The process that involves
Items that do not meet the specifications of a set criteria or classification.
This notice is a legal requirement that has to be issued by the lender before the intended sale of the mortgaged property due to foreclosure.
A quality control chart that is used to determine the number of defective units in a random sample. It is used as an evaluation of the process’ stability in instances where the
A person assuming a position in a public office either through election or appointment is expected to take this formal oath which reminds them of their obligations to the public and to
The risk that is undertaken on the company’s use of a product that is obsolete.It significantly affects their business and revenues. Technology companies are the most susceptible to this risk.
The probability of the occurrence of an event that is expressed as a ratio of the possible occurrences to the possible nonoccurences. The odds of an event A is given by p(A).
Items such as litigation procedures which are usually not reflected as an expense on the balance statement. However, they do need to be repaid at a later date.
An individual who is appointed by bankruptcy court who has no connection to the property on which debt is charged. This individual manages the property and presides over the meetings of creditors,
A firm which is headquartered in another country, where it is registered or where the investors of the firm reside.
A law that was passed in 1990 by the US that places civic liability on tanker vessels and facilities that explore and transport oil, for the removal and damages incurred due to
An account held in the name of a Futures Commission Merchant (FCM) that combines the transactions of two or more other individuals. Compare with Fully Disclosed Account.
When a contract?s terms cost more to satisfy than the projected economic benefits, it may be described as onerous. A lease contract might be described in this way.
This is a computing system in which time-sensitive data related to a transaction is processed immediately. Data must always be kept current. This is usually found in online banking, control of inventories,
This is when a firm has pending transactions that will occur near the end of the accounting period, and the budget will not change until these are accounted for.
The conspicuous entry of a non-occupant into a premises or property, usually with witnesses present.