Category: N

A ticket that prohibits the transfer of tickets between two passengers.

The North Atlantic treaty of 1949 led to the formation of this military alliance between the 26 member countries with the intention of combating the spread of communism. It now makes a

A document which has been authenticated by the signature of the relevant individual and the signature of the notary public who acts as a witness to the signature. This document is then

The period within which the delivery of the contract has to be accepted by the contract owner. This period usually lasts between three and six weeks before the expiration of the contract.

The average number of days that an item spends as a part of an inventory, expressed as a ratio. It is used to determine the quality of inventory control and thus is

1.Nominalism is a legal concept that states that the amount that is due remains the same in the event of a currency appreciation or depreciation. 2.It is also a philosophical concept that

An understanding or arrangment between the employer and employee that accounts for the reimbursement of employee expenses unrelated to the business. It also refers to reimbursements that were not requested within the

A type of financial equity that requires the payment of a penalty if it is redeemed before the maturity date. This protects the holder from the income loss that is caused by

Costs that occur when product quality is not up to standard. It also results due to production imperfections and includes both internal and external costs.

An intermediary organization such as the government that facilitates transactions between the savers and borrowers. Time deposits are however not accepted. These intermediaries source their lending activities through the sale of securities

Capital goods such as machinery that are not used up during a manufacturing process and thus retain their identity and features.

Financial transaction with neither a direct nor an indirect execution to the benefit of the user. Sometimes, these transactions do not need to be registered with the Securities and Exchange Commision (SEC).

The profit realized from activities such as the sale of an asset, which is not related directly to the firm’s primary business operations.

A person who engages in investment activities but is not involved or affiliated to the SEC or other agencies. Also, a person who is not an investment broker, but is actively involved

1. General: The intention to be liable to one’s obligation according to a contract and expect the the obligee to honor the contract with performance deliverence. 2. Electronic Commerce: Be liable to

A land right which was not exercised within the statutory period. A continued use of the land will result in having to give up ownership

A latin term for ‘it is known by the company it keeps’, it is the concept that the intended meaning of an ambiguous word depends on the context in which it is

The impression of the notary public stamp that is used by the notary public to authenticate and legitimize signatures and documents.

An order by the court mandating an individual’s presence at the hearing on the specified date.

The allocation of a unique number to identify an account holder instead of his name. All banks follow this system of allocation and reference.