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

Category: Finance

TERM RULE

Clause in a rating manual that details term where coverage is valid.

TERMS OF FREIGHT

Agreed upon conditions between shipper and carrier in regard to type and payment for freight.

TESTAMENTARY TRUST

Trust created with a will that will take effect only fret the writer’s death and will be subject to probate.

THEORY

Set of propositions, assumptions or facts attempting to provide a rational explanation of cause and effect of observed phenomenon.

THROUGH BILL OF LADING (B/L)

B/L issued for the containerized door-to-door shipment that will use different modes of transport between the origin and destination.

TIME LOAN

A short term, 1 to 6 months, asset based loan for business payable in one instalment on date of maturity.

TIME SERIES DATA

Quantities representing or tracing values taken by a variable over a set period of time.

TITANIUM

Metal that is lighter but stronger than steel, corrosion resistant and durable.

TON MILE

Transporter’s revenue unit equal to one ton of cargo moved one mile.

TOP MANAGEMENT

Highest ranking executives that are responsible for the total enterprise or business.

TOUCH LABOR

The hands-on production that is reasonable to be assigned to a piece of work

TRADE REGIME

System of non-tariff and tariff barriers aimed to strengthen local producers competitiveness.

TRADING PARTNER

One of 2 or more participants in a business relationship that is continuing.

TRAGEDY OF THE COMMONS

Archetypal phenomenon that attempts to exploit the system that will turn out to be self-defeating.

TRANSDUCER

Device converting input signals into a different kind of output signal.

TRAPPING

1. Commercial printing. Creating small overlap of colours in multi job commercial printing machine. 2. Computing. Monitoring software feature that detects errors and sends them to a diagnostic error handling routine.

TREND LINE

Curved or straight line on a trend chart indicating pattern or direction of time series data.

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