Category: Finance

The risk that is undertaken on the company’s use of a product that is obsolete.It significantly affects their business and revenues. Technology companies are the most susceptible to this risk.

The potential risks to life or functioning of an individual that is inherently associated with his occupation or work environment. Some of these hazards lead to the contraction of a disease or

A compound that is the liquid state and is highly flammable that is used to process petroleum. It is an important component used to determine the antiknocking properties of gasoline.

The non keeping of an official record for a payment or receipt of money

An executive department under the U.S government that handles matter related to the international trade policy. The USTR recommends trade policies and takes part in trade negotiations by working closely with the

A computer that is not electronically connected to another computer or network even though the physical connection is still present. Offline work protects the manipulation of sensitive work by other users on

Manufacturing or assembly at an offshore facility due its relatively cheaper labor and raw material costs. The finished goods are then imported into the manufacturer’s home country.

The gap between the potential and actual GDP of a country. If the actual output is higher, the gap is referred to as an inflationary gap. If it is lower, it is

A building that contains a number of businesses on a rental basis.

When a contract?s terms cost more to satisfy than the projected economic benefits, it may be described as onerous. A lease contract might be described in this way.

This is a computing system in which time-sensitive data related to a transaction is processed immediately. Data must always be kept current. This is usually found in online banking, control of inventories,

This is when a firm has pending transactions that will occur near the end of the accounting period, and the budget will not change until these are accounted for.

A lease agreement that may require the lessee to pay the difference between the leased item?s original value and its value upon return.

Type of insurance that provides compensation for property damage caused by any hazards not specifically excluded by the policy.

A bidding system that is not private. It is opened for all qualified bidders. Bids are then chosen openly, based on price and quality.

The total cost of running and maintaining a system throughout its operational lifespan.

See OPERATING EXPENSE RATIO.

Periodic report that compares the financial results of a company’s operations with the previous financial period and against projected figures.

The performance of the company against prescribed standards, such as compliance with regulations, waste reduction, productivity, etc.

An attorney?s legal opinion about the validity of a title deed.