MUDARABA
Arabic-styled finance, pre-Islamic. One individual provides startup capital as the financier. Another individual will do the actual work, as the entrepreneur. Here, a single-tiered mudaraba exists. If there is a go-between negotiator,
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Arabic-styled finance, pre-Islamic. One individual provides startup capital as the financier. Another individual will do the actual work, as the entrepreneur. Here, a single-tiered mudaraba exists. If there is a go-between negotiator,
A euronote facility that is allowed to use more than one currency.
An insurance policy that covers more than one line.
A specific insurance policy type covering property and any type of assets owned by an individual at multiple locations. Goods, futures, specialized equipment, or improvements made by the owner or others are
A single employee training in multiple skill-sets. A particular purpose in labor unions and their structure promotes workers with a range of skills or knowledge, These become useful on several different projects,
A fund manager’s hired assistant in managing investment portfolios. A sub-advisor works outside of the fund itself as a money manager. With the goal of reaching specific objectives, sub-advisors are authorized to
Telecommunications giant AT&T’s old, nostalgic name. Originally called Ma Bell because it was the primary service provider of telephone services and seen as the mother of the industry. The company adapted to
Superseded by CAMELS rating since 1994. Older evaluation-soundness measure of a bank. Management, asset quality, capital adequacy, risk-management, and operating results are evaluated.
When the actual card is unavailable to the merchant, the merchant’s account provider charges a handling fee for credit card transactions. By-mail, by-phone, or by-Internet orders are that situation. Due to the
Only covers expenses from the time the insured is hospitalized is a policy that is essentially the same as major medical insurance.
Asking questions of shoppers in a mall will take place for the purpose of marketing research conducted as one type of interviewing.
Managing mutual funds, unit trusts, hotels, resorts, property development, and offshore companies for a management fee is what this organization does when retained by investors/owners. Providing services much like accounting, general administration,
An independent variable one can alter to get a particular effect. For example, for a period of time to see how one’s weight changes in response, one can lower one’s calories intake,
Direct material, direct labor, fabrication, manufacturing overhead, assembly, and end-item testing all comprise this type of cost.
To achieve the required efficiency level, this requirement must be fulfilled.
With all other factors remaining constant, this is the resulting output change from altering, by one unit, the labor input.
With all other factors remaining constant, this is an activity’s overall benefit increase caused by a unit’s activity level increase. Also known as marginal benefit.
To evaluate an insurer’s practices and operations, the state’s insurance department conducts this type of examination. The intent is to establish in that state the insurer’s authority and worthiness to practice its
A producer’s strategy of setting a high price for an exclusive, new high-end product. Some examples are a very expensive perfume or a uniquely differentiating technical product, like a one-of-a-kind software or
An identification consisting of letters, numbers, and/or symbols painted, printed, stamped, written, or otherwise affixed to cargo containers or packages. The shipper is responsible for marks. Any backfreight or overcarriage due to
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