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

Category: Finance

TRAINING FIDELITY

Extent where skills and attitudes are acquired in a training program and can be transferred to the working environment.

TRANSISTOR

Small solid state semi-conductor that regulates flow of electric current.

TRANSLATOR

Processor of programming language converting a computer program from one language to another.

TREE DIAGRAM

Graphic tool that breaks down components and then maps them all out creating a diagram looking like a tree growing.

TRUNCATION

1. Accounting. Leaving off digits that lie to right of a decimal point. 2. Banking. Shortening processing time of cheques. 3. Computing. Cutting off the last string number as it is too

TURNDOWN SERVICE

Hotel room service where a room is freshened up and beds are turned down when guests are away from the room.

TWO TIER WAGE SYSTEM

Pay structure where wages paid to senior workers is different to wages for new workers.

TYPES OF COMPLEXITY

Types of complex situations (1) Apparent complexity, (2) Detail complexity, (3) Dynamic complexity, (4) Inherent complexity.

ULTIMATE LOAD

Load of the absolute maximum a structure can bear without it failing.

UNCLEARED EFFECTS

Drafts and cheques deposited by a customer but have not been cleared or paid by the writer of the cheque, or money is not in depositor’s account yet. Also known as uncollected

UNDERLOADING

Situation where a plant or machine runs at less than its full capacity in order to accommodate production rate or time for processing.

UNDERWRITING SYNDICATE

Underwriter’s group existing temporarily and banks formed for marketing new bonds or shares that is too big for one body to handle it. Also known as underwriting group.

TAYLOR WAGE SYSTEM

Compensation for work completed where the price paid per piece increases with the number produced. See Taylors.

TECHNICAL ASSURANCE

Process where the technical integrity of the process, product or system in maintained and monitored.

TELECOMMUNICATIONS NETWORK

High capacity and speed of long distance communications comprising computers, cables, switches, satellites etc., linking remote sites.

TEMPERING

Process used to toughen a material, glass, metal, alloy that makes it more able to resist stress by heating, submitting to constant temperature or cooling. Opposite of annealing.

TENSILE STRENGTH

Resistance to being elongated and is the maximum stress that a material can stand before it fractures or is deformed permanently. Also known as tension.

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