Category: P

Charges for Air or Ocean Freight that is paid for by the exporter at the port of origin, for which the importer has already made the payment. The failure for a shipment

Before the commencement of the bidding process, this stage is undertaken to ensure that the bidder has sufficient resources to take part in the bid.

The reduction or elimination of contaminants, or altering the nature of the wastewater before it is discharged.

The interest rate that a bank’s top customers are charged. This rate is a standard that is used to compute the interest rate for the financial institution’s other borrowers.

As opposed to the 500 sheets contained in a normal ream, the printer ream has 516 sheets, taking into account the waste incurred during printing and paper handling.

A private sector firm whose operations are executed by private individuals.

An industry that is composed of private companies. The corporate sector and the personal sector are encompassed in the private sector and they are responsible for the allocation of the majority of

The error associated with providing estimates for a sample that is from a normal distribution. It is the product of the standard error and 0.6745.

Activities related to administration that are aimed at (1) process definition, (2) establishment of responsibilites, (3) evaluation of process performance and (4)Identification of improvement opportunities.

Identification of the charecteristics of a good or service in order to satisfy a recognized need or want.

Preparation of a budget using program description, in lieu of the expense line items.

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.