ROBINSON-PATMAN ANTI- DISCRIMINATION ACT
the name of a statute that forbids a price discrimination between those who bought the commodities of similar grade and quality where the effect of discrimination may diminish competition or to create
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
the name of a statute that forbids a price discrimination between those who bought the commodities of similar grade and quality where the effect of discrimination may diminish competition or to create
The term used when an oldest son inherits an estate and he is required to give a share to brothers and sisters.
The rate in which the value of a capital asset drops due to certain variables such as the wear and tear, physical deterioration or the technological obsolescence of the asset.
1. Behavior guided by reasoning and not by emotions. 2. A Thinking process that uses logical, systematic methods in drawing a conclusion. 3. A person who can draw logical conclusions.
A reaction plan is the action that is taken in a control plan when abnormal events or a non-conforming phenomenon have been detected.
Real estate bought purposely to earn an income versus using the residence as a primary place of residence. A real estate investor will purchase buildings with the intent to rent.
Reasonable cost is a price that is consistent with what a reasonable person would pay in the same or similar circumstances for the same business or for the same or similar item.
Measure of the time elapsed since (1) an advertisement was last published, or (2) the last purchase was made by a customer, or (3) a commercial was last broadcast.
1. Commerce: Seller’s legal right to take back not paid for goods. 2. Land development: Conversion of unusable land into valuable real estate. 3. Recycling: Restoration of materials found in a waste
A debt in which the borrower is not backed by any collateral. The lender can collect on the loan payments by way of foreclosure on the security and taking other assets.
This term refers to self reference: Application of a definition or principle to itself, such as analysis of the term analysis.
A biased practice in which a risk is deemed uninsurable or charged a higher rate due to its locality
This term refers to how a portfolios value is measured or how a transaction is denominated.
A monetary policy aimed at boosting the level of the economy, usually through inflationary means such as reducing the taxation level or public spending.
In the U. K. the register records all charges on an incorporated firms assets. This must be kept at the firms registered office.
A situation in which a country, individual, company or region can produce a good at a lower opportunity cost than a competitor.
A measure of the accuracy of a test or measuring instrument obtained by measuring the same individuals twice and computing the correlation of the two sets of measures
Removal cost, defined as the cost of removing any physical material from the original location it was placed in, is an often forgotten cost. Despite this, it can have a huge effect
To rebuild an amount of money that is available for things such a petty cash fund.
Any property that has been taken by the government. It may be real estate, equipment, vehicles or machinery.