Category: Finance

Method of calculating depreciation where the cost of the capital reduces by equal amounts for each period of accounting during an assets estimated life.

Developed by Dry, Charles Wiseman in 1982, used in information systems and created to respond to business initiatives and give a competitive advantage.

US term for liability for cleaning up hazardous wastes.

Process where cargo is loaded into empty containers then sealed and transported to a carrier. Also known as vanning.

An auditor has vouched for the acceptance of a firm’s financial statements.

Financial bodies having the inclination to lent to consumers who don’t qualify for a traditional loan.

The existence that is permanent or real and temporary or apparent.

A symbol, word or picture suggesting but not describing aspects of the associated service or goods.

Infrequent or miscellaneous costs not assigned to an individual ledger but grouped together.

1. Artificial or fake. 2. Insignificant or unimportant.

Correlation existing between price change of an item and the resulting need for less or more of the item based on demands of consumers.

The facility where outpatients receive surgical services.

In swapping currency. It is the forward rate of exchange that is expressed in terms of premiums or discounts from spot rate.

Temporary path that is electrical in nature that is created between 2 points in an ‘as and when needed’ basis.

Latin-with time. The sequence of events that occur together or at a fixed interval that is timed by a clock.

A system’s state where its intended functions are being performed without degradation or being impaired by other changes or disruptions to its environments.