NON-NEGOTIABLE BILL OF LADING (B/L)
Bill of Lading that prohibits use of endorsement to transfer.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
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
An old slang term to refer to diabled individuals or the elderly who depend on the insurance and other funds that are sanctioned by the government. Social Security is the current term
Property or items that experience a rapid fall in usefulness, value or competitiveness are characterized as being obsolete. It occurs due to the availability of cheaper and better alternatives or due to
Brokers who charge a higher rate of commision to combine odd lot orders and then filling them out as round orders.
An asset that is not yet recorded on the balance sheet, but that which has a good sign of growing in economic value in the near future.
The rate determined by the federal government that is calculated for money market investors.
The branch of a foreign bank which does not accept deposits from local residents, but accepts deposits from other foreign banks and OBU’s, in addition to making Eurocurrency loans. They have limited
1. An oil producing area such as the Gulf of Mexico 2. A colloquial term that refers to the oil industry
Also known as a Passed Dividend, a dividend that has not been declared as expected.
This is a one-time promotion that will never happen again, which must be recorded as such on the company’s ledger.
The purchase of products and services on the Internet. Online shopping has become increasingly popular, due to convenience (and often lower prices). Especially in the holiday season, online shopping saves an individual
The philosophy that a firm will succeed if all of the employees share finance and operations information. Four basic practises are necessary for this: 1. Employees must be appropriately trained. 2. Employees
A period of time in which individuals can openly choose an alternate insurance plan, without being re-assessed for insurability