ORGANIZATIONAL UNIT
Teams, groups or departments within an organization with specific functions and objectives, and with their own allocated resources.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Teams, groups or departments within an organization with specific functions and objectives, and with their own allocated resources.
One complete cycle of to and fro motion from one extreme to another, and back to the original position.
Classification term that applies to costs and revenues related to activities beyond the core business of a firm.
Adverts displayed outside buildings and along the roadside.
Purchase agreement that obligates a buyer to purchase (at fixed prices) everything a supplier produces during a fixed period.
When company invests more than it has to in a production unit to produce a superior product.
Ongoing expenses incurred by the day-to-day running of a business. Includes utilities, rent and subscriptions.
1. The income from commissions received by a sales manager, based on the total sales made by his or her subordinates. 2. The payment of fees by a seller to a broker
1. General: Occurs when a business conducts more transactions than its working capital can sustain, straining cash flow and creating the risk of insolvency. 2. Securities trading: A trader?s attempt to extract
The interest rate discounting the effect of compounding, expressed on a per annum basis that applies to a mortgage, credit card or similar loans. It is also known as effective loan rate.
A company that is formed by a financial institution or another organisation which operates an account that holds assets and securities on behalf of the actual owner under the terms of a
A company that is no longer trading, albeit on a temporary basis
Occurs when the expenses of a business are greater than the income for a financial period.
An insurance wherein the full premium cost is borne by the employer, with no contribution from the employee.
A less severe injury compared to partial or complete disability that is eligible for a monetary compensation. Typically includes a disability payments for a month.
Spending such as the repayment of a loan’s prinipal amount or the payment of a refund that is not charged as a usual expense.
Instruments such as the receipt of higher interest with a dividend payment, that is not recorded in a ledger account.
Activities such as strikes, result in the incurrence of a no-operating loss for the firm, although they are not related to the firm’s business operations.
A benefit plan for an employee that does mandate the filing with the IRS and as such tax deductions in exchange for contributions are not offered. Under the nonqualified plan, certain employees
A company that is located in an area which is given the status of a nonresident for tax purposes.