Category: Finance

Computer program helping to systematically group ideas in different levels and creating a logical structure for a report, plan, proposal etc.

1. Commercial printing. A small rough sketch representing a proposed layout. Also called squish, French for sketch. 2. Desktop printing. A smaller image of a page or graphic making it easier to

Length of time needed for a plan or project to be completed in, success of an endeavour, yields from investments, right to mature etc.

Insurance policy covering risks that arise in a set period of time.

Difference between actual and standard rates for hours worked.

1. General. Departure allowed from a standard that won’t effect a process over its life cycle. 2. Engineering. Capability of a system that can withstand high stress levels without being harmed. See

Manufacturer or contractor incurred expenses in acquiring tooling needs to complete a contract or production line process.

Pressure unit equal to 133.32 Pascal’s or 1/760th of an atmosphere. Named for the Italian inventor of the mercury barometer, Evangelista Torricelli, 1609-1647.

1. Accounting. Ability of tracking a piece of financial information in recorded data or with an audit trail. 2. Cost accounting. Ability of assigning a direct cost to an activity based on

Money allocated by investors to buy and sell different securities as part of the strategy.

Balance sheet considering only tangible assets and not any intangible assets.

Element of a person’s make up serving as an explanation of personal characteristics.

Draft or cheese not issued by the bank it is being deposited in.

1. Action, procedure or method with no hidden agendas, transparency in word and intention. 2. An invisible operation or feature to the user or observer. See virtual.

Pattern showing the gradual change of a condition, process or average moving in one direction over time.

View that is optimistic where benefits of fast economic growth will flow from high income earners down through income levels and employment and disparity of distribution of income will be solved automatically.

Process where a lender, bank, modifies loan agreement terms that will minimise losing custom from customer’s who are incapable financially to meet previous terms.

The appointed overseer of the trust acting on behalf of the trust.

1. Accounting. (1) Volume of annual sales that is net of taxes and discounts. (2) Number of times an asset revolves or is replaced in a period of accounting. 2. Human resource

Purchase agreement where a customer is forced to buy an unknown or slow moving product along with a well known and fast moving product.