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Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
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1. Corporate. A component of risk management consisting of identification, determination, evaluation and application. 2. Food industry. According to WHO/FAO it is the risk assessment, risk management and communication of risks.
1.An expression of duration, magnitude, intensity and raech of a potential risk in montary terms. 2. The probability that exposure to a substance wikll have an adverse effect on an organism.
The belief that is held about the possibility of a risk event occuring or the extent and timing of the risk.
The rate-of-return, ROR, on an investment from which the ROR on a different investment is deducted as long as the risk is similar.
In Human Resource Management where the position is poorly presented and there is a lack of clear understanding.
The upright type face as compared to a slanted type face like italics.
The fare that allows you to travel around the world in one direction with as many stops as you want.
A process in deveolping products where the stages overlap instead of being defined.
An area that is sparsely populated and located away from a city. Characterised by farming areas, open spaces and vegetation.
Shown as a relative amount between changes in variables over a precise period. Stock traders depend on the swiftness of change of one stock price relative to another stocks price.
A test where a certain number of employees on the low end of the pay scale must equal 70 percent of the employees on the high end of the scale.
A lull in the price of a security or profit of the entire stock market after a rally.
The real estate bubble is distinguished by property values quickly increasing until they outperform other elements of the economy. They are then followed by a sharp decline in property value.
Reasonable compensation is compensation, which is consistent with the normal reward for any employee for the work performed or duties that are involved.
This term refers to the administrative functions that include checking the quantity, quality and condition of any incoming goods followed by their proper storage.
Indifferent and conscious contempt of others’ reputation or rights, the dangerous consequences of one’s action. In defamation cases, the defendant’s malicious intent is judged against the standard of ‘reckless disregard for truth.’
A recording fee is the fee charged by government agencies for recording purchases or sales of real estate. These transactions are required by law to ensure accurate records and recognize ownership.
Payment received for work ,once completed on a reoccurring basis. This type of income stream allows for a person to continue receiving payments for the same work on a constant basis.
Fundamental principle of most modern economies whereby a nation’s wealth is channeled, from those who have more to those below a certain income level, through taxes that pay for welfare.
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