ORGANIZED
1. To employ a logical system to structure otherwise random or chaotic elements. 2. To operate in an efficient or methodical manner.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
1. To employ a logical system to structure otherwise random or chaotic elements. 2. To operate in an efficient or methodical manner.
Movement of a solvent towards a higher concentration solution from a lower concentration solution. Osmosis occurs through a semipermeable membrane that keeps the two solutions separate, but can be passed by the
Sources of additional funding during a business period, other than depreciation or tax deferral. Sources include lease agreements, retained profits, hire purchases, etc.
Transferring money from one account to another, to pay for products or services.
A computer peripheral that converts computer output into forms that can used directly (e.g. printer) or with another device (e.g. a DVD writer).
The practice of selling more tickets for a flight or concert than can be accommodated, to avoid empty seats caused by ?no-shows?.
Calculated by dividing overhead costs over a given period by production activity.
This commission is paid to a primary agent for sales made by subagents in his or her territory. It may also refer to the amount owed to the owners of an acquired
A portfolio’s investments are overweight when the percentage amount invested in a particular market is greater than the market’s proportional share of total capitalization. Opposite of UNDERWEIGHT.
The gross income of the population within a country expressed in the national currency. It does not factor in the reduction in purchasing power due to inflation or outstanding debt
An individual who is given the role of a non executive director on the firm’s board of directors, in place of another person, investor or financial institution. It also refers to a
Disqualified assets such as furniture or fixtures, that cannot be listed on insurance statements due to a failure to meet state requirement
Non cash expenses such as depreciation where cash is not physically involved
Fringe benefits to the employee wherein he is not required to contribute and all related retirement plan costs are borne by the government and/or employer.
The non coverage of disability of the rider by income policies. However, it grants for the payment of medical costs that arise due to a less severe injury that does not results
A legal accounting practice that does not show an expense of cash on the income statement. For example, due to the depreciation costs involved with machinery, the prinicipal cost on a piece
A non-liability becomes a liability only when it becomes payable. For example, the contraction of a previously non-liable loan principle makes it a liability, but the loan interest is granted the status
A rented, borrowed or leased vehicle that is used primarily for business.
A retirement plan that does not meet the IRS requirement for tax treatments, and as such they do are not considered to be a qualified retirement plan.
A loan that is used to purchase nonresidential property such as an office building or a factory.