Category: Finance

An item with special qualities such as being unique and extraordinary that people look for them to buy. Items such as designer clothes, famous art work.

MSDS, Material Safety Data Sheet, term covering equipment, precautions and methods to control and cleanup after a spill or leak.

Items that are tangible and increase resulting from an increase in business activity.

An underwriter’s attempt to create an active market to prevent a fall in price for the security.

1. General. A thing that can perform its intended operation without any assistance. 2. Computing. (1) Self-contained system not linked to another. (2) Individually sold software and not as part of a

Committee charged with assigning work continuously. See Ad hoc committee.

Total of technical and scientific knowledge that is currently available as applied to a product or design.

Body of written laws that have been adopted by the legislative body.

An alloy of iron that contains carbon as low as 0.03 % as in a steel ingot through to 2.5% in cast iron. Varying amounts of other elements such as manganese, chromium,

Overnight deposit rate average paid by largest London banks on any given day.

Ratio of sales to inventory as a percentage or in numbers of weeks or days. Includes safety stock, work in process, seasonal stock and pipeline stock.

Temporary or unplanned measures used to fix a problem that is unexpected.

A debt that cannot be changed into finance of a different form.

Organizational unit or autonomous division that is flexible and can exercise control over factors that effect long term performance.

In manufacturing it is a test performed to determine the load a system can take before its limit is reached or it breaks down.

A fixed number of payments will be required over a fixed time period.

Piece of land that is divided into smaller plots.

A lower than standard or customary norm but not fully unacceptable.

Legal principle where the reasonable and sincere attempt to carry out a contract is not successful.