Category: Finance

An insurance policy with a low limit that insures office equipment and supplies against robbery or loss.

A test used to determine if an unstated condition was originally implied at the time of writing the contract. In the method, an investigator tries to determine if the contracting parties had

A trust that is set up in a location, usually another country, different from the trustor’s location.

Economies having their roots in the Industrial Revolution and the bulk manufacturing of physical goods, whose objects are valued based on their physical properties. These include the energy sector, the steel and

This is when a securities broker funds a portion of a client’s purchase, with the client paying the rest. The broker keeps the purchased securities as collateral.

1. A device that is connected to the Internet or other network. 2. Documents, files or web page that are accessible for reading and downloading by users of a particular network (usually

A concept that sees decision making as the next logical step of a specific process. If a decision has been made, an action has to be taken.

This is a court session that anyone can attend, if they wish.

A market in which prices are controlled by supply and demand, rather than government policy or independent cartels.

An agreement between countries that enables unrestricted overflight and landing rights to each other.

The stock owned by a business at the start of an inventory keeping period.

Footnote reference term, referring to a title previously cited in another footnote.

Plastic disks (e.g. CDs, DVDs) used for storing and writing data. These disks can be read and written onto by laser devices.

A trader who sells call options or put options, and must perform as instructed by the option buyer.

A will communicated verbally to witnesses, rather than in writing, usually when the person is near death. Few states accept oral wills, due to the possibility of fraud, and they are generally

Assets that do not qualify as capital.

In 1913, William Howard Taft ratified this law that split the Department of Commerce and Labor into two separate departments (the Department of Law and the Department of Commerce).

Individual behavior that is not mandated, but promotes the interests of the organization.

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.