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

Category: Finance

TOOLUP

Production process stage where all tools have been tested and are in place .

TORRENS SYSTEM

System of land registration where the government keeps all title and land records. Developed by Sir Robert Torrens in 19th century Australia that has been adopted by other countries.

TRACEABLE COST

Expense assigned to an activity or cost object based on cause and effect relationships.

TRADING COMPANY

Firm connecting sellers and buyers but does not own or store merchandise.

TRADITIONAL CONTRACTING

Common method of contracting where the client chooses service providers for design of work and asks for bids on construction work.

TRAIT THEORY

Measurement of a person’s patterns of habit, thought and emotions.

TREND ANALYSIS

Analysing method of time series data involving comparisons of the same item over a long period to detect general relationships with associated factors and to project the patterns future direction.

TRIGGER POINT

A change represented by crossing a threshold that will start a reaction and lead to a different end result.

TROUBLED DEBT RESTRUCTURING

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.

TRUST ENFORCER

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

TURNOVER

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

TYING ARRANGEMENT

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

TYPESTYLE

Thickness and stroke variations like bold, italics lending flexibility to appearance of type face.

ULTRA VIRES

A body exercising an invalid excess or power of authority.

UNDERRUN

Situation where an item’s cost is below the projected cost.

UNDIVIDED INTEREST

Ownership claim of property or assets commonly owned with restricted claims but no one has an exclusive claim.

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