Category: N

Supplier will give no award or order below this type of minimum acceptable price.

When the seller does not own the cash or asset sold that has to be paid if a contract is exercised.

Trichloromethane (CHCl3) or chloroform is an example of a substance that causes narcosis.

Representing the real estate investment trust industry as a national, nonprofit trade organization.

Designed to protect employee and employer rights, encourage collective bargaining, and prohibit particular management policies detrimental to the healthy of businesses, workers, and the US economy. Enacted by Congress in 1935.

Provided by the ecosystem, these indispensable resources and benefits are essential for human survival and economic activity. (1) Renewable resources, such as agricultural crops, vegetation, and wild life, and (2) non-renewable resources,

Distance measuring exactly 1852 meters or 6076.11 feet. One nautical mile equals 1.15 miles or 1.85 kilometers. By a 1920 international agreement, it replaced the British Nautical mile (6080 feet) and US

Specific loan types have this provision. The negative amortization amount is limited. The loan’s principal balance will not increase as the borrower pays less than the owed interest charge. Typically determined as

Unsecured loan agreement’ provision requiring the borrower to get the current lender’s consent before obtaining any secured loan. An example is a bond indenture clause prohibiting the bond issuer from pledging these

Without going through the competitive bidding process, on a direct agreement basis with a contractor, this type of contract is awarded.

Invoice payment terms. 10 days within the invoice date, the net amount is due on a net 10. Net 30 is within 30 days, and so on.

After subtracting all necessary deductions, this is the amount that remains.

Revenue percentage that is Net income. Calculated as: Net income times 100 divided by total revenue. Also known as net margin or net profit margin.

In the current accounting period, the discount amount allocated to accounts payable from a sales price minus discount.

Recording method for cash discounts or purchases accounting. Its journal entry basis is invoice amount minus expected cash discount. The discount is charged to discounts lost account if the discount is not

A premium that covers the present value of future claims.

A portion of everything: rent, taxes, insurance, and maintenance fees is paid by the renter under this specific type of agreement.

Tax with a sufficiently small impact that entities do not have to change their economic routine of buying, selling, or marketing to accommodate the tax.

Founded in 1792 and located on the Wall Street in New York City. Largest and oldest US stock exchange, and largest exchange in the world in terms of dollar volume. It is

Torque metric (SI) unit. Torque is a force’s tendency to cause rotation. It is also a unit of energy. One newton meter equals about 0.74 pound-foot.