Category: O

Classification term that applies to minor assets (e.g. scrap value of outmoded equipment) when recorded on balance sheets.

The state of a process when outputs / samples are no longer within statistical control. A control chart of such a process will show data points that are not clustered around the

Measurement of treatment given to patient, and of response to that treatment.

1. Products, services, work or energy that is produced by a company, machine or individual in a given period. 2. Computing: Information suitable for transmission from a computer to external devices; transferring

1. UK: In the absence of a US-style OTC market, unlisted securities are traded through the London Stock Exchange’s (LSE) Alternative Investment Market. 2. US: The largest securities market in the US.

A bank charge incurred when an account?s balance falls below its agreed limit. Can be incurred multiple times if more than one transaction is made beyond the account limit.

Liability acquired by a local government body in partly or fully financing programs or projects that fall under the jurisdiction of other government bodies.

Activity that occurs when feedback or corrective action is delayed or poor. Most evident in the collapse of economic cycles and social units, when natural resources are exhausted and when an ecosystem

On their financial statements, a company reports payments received for products or services.

The total sum of direct and indirect costs to the manufacturer on a product or service provided.

A principle in accounting that requires verifiable data as the basis for a company’s financial information.

The occupancy or warranty phase follows the construction phase and involves a duty on part of the contractor to ensure the compliance with the standards on workmanship, equipments and materials. In addition,

A federal agency under the US department of Labor that was established in 1970 with the objective to enforcing occupational safety in industrial and commercial sectors. The guidelines listed by the agency

A breach of contract is possible if the principal requirements that is so integral to the contract is not fulfilled.

A strategy implemented by a company that intends to stay ahead of its competition, through investments in technology and research and development. This strategy is particularly useful when trying to change the

The rate determined by the federal government that is calculated for money market investors.

The method of commercial printing which involves the photographic transfer of an image to a metal or plastic plate that is wetted with water. The image section of the plate picks up

An agreement that takes place between a producer and a buyer before the construction of a facility, that guarantees a market for the future production of a facility. This increases the chances

A market in which a small number of businesses compete almost exclusively with each other.

A discount or gift voucher that is placed on a product or its packaging to increase the likelihood of impulse purchases. Often used with products new to the market.