Category: P

Ratios that are used by banks and bank regulatory authorities that are used to monitor and to determine the stability of the banks finances. The ratios are free capital, capital adequacy and

A collection of taxes that is from those who have benefited from the government’s providing of goods to the public. This tax is then used to further provide public goods for the

An offer of stocks and shares to the public from a company entering the stock market. The sale of shares is guaranteed by an under writer. The offer is only produced after

An account that stores the funds for use by public facilities such as schools, government agencies, fire, police and EMT departments, and public hospitals. These funds can only be accessed by an

The production of an item is created due to the demand that is created on a daily basis. The information for this system flows for the market direct to the manufacturer. It

An element that does not change its weight or mass when it is turned into the finished product. It contains no impurities that are burnt off or removed so the weight will

The act of organisms that can make a food stuff or organic product or item become putrid. Any food stuff that can be attacked by the micro-organisms can be made putrid. The

The fee paid by a company for occupying and utilizing a property for its business operations.

In the event that an employee dies before officially retiring, the preretirement death benefit pension plan is designated to the deceased.

The wages, both trade and public work, that workers in a particular area are paid. It is expressed in hourly wages and is inclusive of overtime wages and benefits.

The 4 components that are used to determine the mortgage installment on a property that is payable on a monthly basis. It can used in two ways: (1) Before the loan approval:

The requirement of an approval from the state before the interest rate is changed.

The individuals responsibilites for mortgages and other similar liabilities.

As opposed to nationalization, privatization is the sale of enterprises owned by public companies to private companies.

Greater than the normal probability of an event occuring.

A contract that states the goods or services that need to received. The basis for a procurement action is based on this. The procurement request package also includes the statement of work

Manufacturing process, including different stages of design, produce, distribute and service are known as production system.

Gradual movement towards the objective of a task.

Accumulative sum of spending (cost) on a fixed asset over the span of its lifetime, including expenditure over the repair, maintenance, and caretaking of the fixed asset.

This ensures the correct transactions have been recorded according to directions given by the company into the journals or ledgers belonging to the company.