OVEREXTENDED
This occurs when one has taken on commitments beyond one?s capacity to meet (e.g. financial, production, orders).
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
This occurs when one has taken on commitments beyond one?s capacity to meet (e.g. financial, production, orders).
A delivery that is guaranteed to arrive at its destination the day after it ships.
A physical action that gives someone reasonable belief that another party intends to harm or kill them, used to justify self-defense.
The chemical alteration of a substance by mixing it with oxygen.
Also known as categorical variables or the variables in financial equations that are not dependent on the rate of inflation and other such factors.
A freight forwarder or shipment consolidator who does not have ownership of the vessel, but assumes responsibilities for the shipments and issuing its own bills of lading and airway bills.
Generic Goods that bear close resemblance to the goods produced by popular brands and establishments. And as such, they are considered to be of low quality and price due to market perception.
The discrepancy that causes the underinsurance of property in the event of a loss. This occurs when the same property is covered for the same danger by different policies, but differ in
An account that can be collected more than a year from the date of the balance sheet.
A financial instrument such as a bond or a stock that is not a part of the other equities held by the company.
A risk with a high probability of loss, or failure to accurate measure the risk actuarially. As such, the risk cannot be insured.
Injuries that are sustained at work are not insured under this policy due to their coverage under the workers compensation.
Advantage gained by a product over its competition not by virtue of its attributes but by the creation of a distinct brand image through exclusive promotions, widespread distribution, superior customer service, etc
A ticket that prohibits monetary compensation when returned, but can be refunded for a fee.
An investment that ought to be cashed in a year after the start of the investment.
A treaty between Canada, the US and Mexico that was legislated in 1994, which removes tariffs and other barriers to facilitate easy trade between these countries. It lasts between five and ten
When negotiating a contract, it is the assurance from the vendor that the value of the property will not be greater than the proposed value and the estimates that will be submitted
The notification issued by a court to the participants of a lawsuit, highlighting the date of the schduled trial.
Something redundant, or that has no value, or effect, commonly used in the legal sense.
1. Accounting: The goods or services that was purchased. 2. Modeling: The modeling arhitecture’s portrayal of a real world situation through a representation. 3. Programming: A program that consists of data and