Category: P

US Department of Housing and Urban Development backed short term debt securities used to finance construction of partially state-funded residential complexes and federal constuctions. There sole purpose is the aforementioned one and

The message that the company is conveying about its products or services. The message will be repeated across all types of media for advertising and could include a slogan or saying that

The voting scheme which ensures that each party or group is represented in the same proportion that they appear to be in the whole population.

1. Thisoccurs when a businesses or company is owned by one person or one family. It is not owned by several people or a group of companies. 2. Proprietorship can also be

A trust created that will protect the assets of the trustor in their lifetime from the effect of the trustor declaring bankruptcy. The trustee is responsible for any interest earned by the

A principle of accounting that requires you to rcord every liability and expense as soon as it occurs but you only record the results when they are gained or at least assured

An investment in real estate that has been taken over by REITS or another real estate company that operates by trading publicly.

An insurance taken out by an individual that covers them for any legal action against them. It is for injury to damage to any property that ends up in a court and

This is a telephone service that provides a dial tone and communications between two parties. Any digital or analog number can be called by any party with a hand set or telephone.

The date after which a product cannot be sold. The public refer to it as the use by date after which the seller must remove the product from the sheves for sale.

An economic term related to goods or services that does not generate any external entities. The producer or consumer of the goods or service will bear all of the costs and receive

The method by which a product leaves a company and is then sold to a customer. The client will buy or pull the product and the business provides the push that will

When accounts are closed for a month, the prepaid interest is collected which is in fact the partial payment of a month’s interest payment

The shortlisting of potential bidders who will receive the invitationtobid(ITB) documents based on experience, reputation, financial and mangerial ability, etc.

A software for data encryption that makes sure that messages sent over the internet comply with the integrity, privacy and security laws. Encryption and Decryption are the equivalent of two physical keys

A whole number that is greater than one that is only divisible by 1 and itself. Every natural number is either a prime number or a multiple of a prime number. 2

A light sensitive metal or paper sheet. The image to be printed is burned onto this plate using a high intensity beam. The image is then transferred to the preferred medium by

A firm that is incorporated, the shares of which are not listed on a public stock exchange. The shares are however held by a small proportion of stockholders.

A trust for the benefit of certain private individuals, and not for the general public.

The biggest possible loss that is expected if the occurrence of an event is as planned.