Category: P

A certified document which is required to check whether the insured party needs to go to the hospital or not.

The use of several methods of lending, usually shady, which are used to gain unlawful benefits from borrowers.

A bidder who has been preferred over others, by a company who is holding an auction.

A form which is used to pay the premium as a deposit when the term begins.

A packet switched is a network based on electronic communications that is commonly responsible for the reception and sending of data. However, in such a network, the data is broken down in

The financial cost of fixing a problem that has been occuring for a consistent period of time, rather than choosing to bear it further. It is also known as the pain value.

There are three, commonly used measures; i) Ream= 500 sheets, ii) Bundle= 1,000 sheets and iii) Bale= 5,000 sheets.

Activities or tasks that can be performed concurrently, or simultaneously. Performance of either task remains unaffected.

French alternative to the London Interbank Offered Rate

Failing to meet the standards of full- time. Usually, this means to work for a fraction of the period of time that was actually allotted. For instance, if the job requirements are

A type of management which does not get affected by any changes in the environment. Passive management adheres to a strict agenda.

A defect, or anomaly in any item that might cause it to malfunction. Can be found easily upon inspection.

A level used to measure the extent to which the pay of an employee matches their own contributions and what they deserve. A higher pay equity means higher job satisfaction, and vice

The party who makes the payment. Known as a writer too.

A company owned by eBay, whose primary function is to process online payments and transfer money from individuals and companies. It was set up in 1998, and accepts 18 currencies at present.

A detailed review/ thorough analysis of the performance and capabilities of a member of the peer group. Made by experts from the same peer group only.

The total debt owed by the country divided by the total population of the country. It checks how much money a citizen must pay in order to overcome the debts owed.

A simple test which is used to determine whether any approved plan will provide benefits to at least 70 percent of the employees that are towards the lower end of a company’s

In business terminology, performance indicators are commonly used to analyze certain objectives.

Any activity which occurs in an accounting period, to be recorded within a prescribed time period on the financial statement.