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

Category: Finance

TRAILING RETURN

Comparing investments against each other for a set period of time to see profits earned.

TRANSITORY ACCOUNT

Account serving as a holding account till all funds are moved to the appropriate accounts.

TREND PERCENTAGE

Way of analysing information using a base line and then each period after that is stated as a percept of the base line.

TRUE LEASE

Lease arrangement for many years where landlord retains ownership but the tenant keeps possession of the property for the lease term.

TURING TEST

Test that is used to evaluate a machine’s level of intelligence. Named after Alan Turing.

TWO STEP FLOW MODEL

Marketing strategy where messages that are not personal are first sent to the opinion leader then passed to the consumer.

UNABSORBED OVERHEAD

Indirect cost that can’t be spread to a few customers but must be spread over all customers according to a measure of volume.

UNCERTAINTY AVOIDANCE

Accepting assumed explanations or causes as facts to escape discomfort are associated with uncertainty or ambiguity.

UNDERGROUND PROPERTY DAMAGE

Damage to property underground such as sewers and pipes by excavation, drilling, backfilling or changing to the ground.

TAX LIABILITY

Tax payer incurred debt to the government. Short term liability.

TEAR SHEET

Magazine or newspaper ad that is removed and sent to the advertiser as proof of being in the paper or magazine.

TECHNOLOGY COST

Expenses associated with the development, acquisition, implementation, deployment, maintenance of assets of technology that includes depreciation and amortization.

TELNET

Terminal emulation protocol enabling internet users to log onto a remote network or computer and use it like it is under the user’s control.

TENDER CONDITIONS

Rules and terms specific to a tender, submission, evaluation and awarding of the contract.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.