Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

WRONGFUL DEATH ACTION

Civil law suit filed by the deceased survivors against the organization or person felt to be responsible.

WRITE DOWN

Downward revision of an asset’s book value reflecting current drop in market value.

TAX JURISDICTION

An area, city, municipality, county, country with its own distinct regulations for taxation.

TEAMWORK

Process of collaboration of people to attain a goal.

TECHNOLOGY

Information application to design, production and utilization of services and goods and organizing human activities.

TELLER’S CHECK

Bank written cheese on funds at another institution and signed by the teller. See cashier’s cheese.

TERMS OF SALE

Terms of delivery and payment agreed between the buyer and the seller.

TESTING

Means of quality control where capability of manufactured items to meet its requirement is determined.

THEORY OF THE SECOND BEST

Concept of Economics where all remaining needs should be satisfied even if two or more need cannot be satisfied.

TIME AND ATTENDANCE

Method used to track and gather information on the time an employee spends on the job.

TIME SHEET

Document or spread sheet indicating hours worked by employees.

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