Category: N

Distributors at various stages of the same supply chain collude to alter the supply and thus the price of goods and services.

Costs such as initial investments, losses, moving expenses that are bound to occur only once in the usual course of operation for a business.

Cost that cannot be assigned to any task or function due to the lack of sufficient data for its assignment. As such, it assigned on an arbitary basis.

A term collectively used to refer to developed countries, most of whom are located to the north of developing countries(also known as the south)

A policy that has been rejected or not claimed by the insured even though they are eligible for the policy claims.

Knowledge made available to the buyer that the title is subject to claims by parties other than the seller.

Radioactive, hazardous waste products that are produced at the end of the manufacturing cycle of nuclear processes. They are radioactive for hundreds of years and as such safe disposal involves burial deep

The duty associated with imported goods that does not take into consideration the effect of inflation or other taxes. As such it is not a true reflection of the price at the

time and monetary costs that increase the total cost of an activity without enhancing the value of the goods or services in the eyes of the customer

Often a budget for a onetime project, such as the recruitment of staff on a temporary basis, or a special project, that is assigned to a department in a company as a

An investor’s bid to gaining possession of a debt issue whose price depends on the yield or average discount rate of all bids combined. A minimum price of $10,000 is the standard

A long term liability or financial obligation that has to be settled in a period that is longer than 12 months.

Products with a short life span due to a low service value or a one-time use characteristic.

A organization that has no affiliation to the government and performs voluntary operations in the field of education, wildlife,etc. They are usually funded by the UN or by benefactors. The donations are

A stock owner who gives authority to the brokerage through which he holds the stock, to diclose his details to the underlying company. The company is thus able to contact him regarding

A variation of unit sampling wherein the probability of picking some of the samples is zero, and identity of those that will be picked for sampling is unknown.

One time sales of assets, or insurance settlements that are unique in nature and unlikely to occur again during the normal course of operation for a business.

Interest owed to an individual investor, that does not constitute a trade.

A treaty between Canada, the US and Mexico that was legislated in 1994, which removes tariffs and other barriers to facilitate easy trade between these countries. It lasts between five and ten

When negotiating a contract, it is the assurance from the vendor that the value of the property will not be greater than the proposed value and the estimates that will be submitted