Category: Finance

A government contract’s standard clause giving government the right to terminate a contract at any time without giving a reason for doing so.

Extent of a test duplicating conditions or performance of a task. Close match equals high fidelity.

Paper recognized internationally founded in 1851, printed in New York and distributed nationwide.

Hard plastic formed into one shape that cannot easily formed into another shape.

Clause nearly obsolete where an insurer will not pay more three quarters of the cash value of an insured property.

Term referring to a narrow strip of paper or display electronically where quotes are streamed along.

Provision of a contract expressing the need for a timely completion.

Measurement of time where a task or activity in scheduled.

Concept of time as a resource and a firm using time better will have an advantage.

Long distance call paid for by the person being called. Free call in UK.

Procedure to try to stop an oil well from leaking. Large amounts of drilling mud are pumped back into the well under high pressures.

Resistance of a material to being twisted. Related to shear strength.

1. Accounting. Following a pike of information back to the document it originated in.2. Cost accounting. Assigning a cost to an activity based on cause and effect.

Reducing number of features or product quality to bettered suit the selling price customers demand.

Tax qualified account for savings allowing the account holder to put aside money for retirement.

Deposit account the holder can make transfers or withdrawals from to third parties.

Between port of origin and the destination port.

Air way bill, bill of lading, carrier’s certificate etc. Serving as evidence of acceptance and receipt of goods for carriage.

Quality control chart displaying deviation from an expected trend.

Number with 12 zeros after it. It is one thousand billions.