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

Category: Finance

TEACHING POINT

1. The smallest part of information that can be imparted as a self-contained unit to the learner.2. Singular statement of a fact or a step-in a process for performing a task.

TELECONFERENCING

Audio-visual or audio meeting between parties a long distance apart. See conference call and video conferencing.

TERM ENDOWMENT

Donated funds that need to be used during a set period of time.

TERMINATION CLAUSE

Contract provision allowing it to be terminated under certain circumstances. Also known as terminate provision.

TEST CRITERIA

Standard or benchmark where test procedures are compared to.

TICK MARK

A notation made on an accounting sheet showing it has been reviewed by an auditor.

TIME PRODUCTIVITY

Ability of consuming today’s goods to generate more consumption of goods.

TOLL CALL

Phone call made from outside the exchange area and charged on a per minute basis.

TOP DOWN

1. Communications. Where an employee is given information on prospects of actions and then given feedback. 2. Decision making. Approach where results are decided upon first and then the method to get

TORSION

Strain produced by twisting material.

TRACER

Inquiry that is started to trace a piece of information back to the document it originated from, or to find a shipments that is lost or delayed.

TRADING DIVIDENDS

Practice where firms sell and buy each others stock in order to collect maximum dividends. Also known as dividend capture.

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.