Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: T

TRADEOFF

Technique to reduce or forego desirable outcomes to maximize return and effectiveness.

TRADING PIT

Area located on the trading floor of an options and futures exchange. Contracts are sold and bought in a live cry out auction.

TRAILING P/E

Ratio of a company’s price to earnings for the trailing 12 months, TTM.

TRANSFER COST

1. Total cost entailed with moving an item from one place to another place. 2. Alternate term for transfer price.

TRASH TO ENERGY

Thermal energy made by burning rubbish drives power plant turbines.

TREND PATTERN

Average change pattern of time series data inane upward, level or downward direction.

TRIPLE OPTION

Employer plan offering employees choice of provider types with varying coverage and cost.

TRUE INTEREST COST (TIC)

Total cost annually of getting debt finance that is expressed as a percept of the total account of debt.

TUNNELING

Technique in digital communications where data or signals are received in one format and are then converted to another format by embedding a protocol. Also known as encapsulation.

TWO BIN SYSTEM

Method of inventory control where a first bin is filled and an order is made to replenish it.

TYPE FONT

Set of characters comprising a given typeface of a set point size; capitals, lower case, numbers, small caps and other symbols. See outline font, bitmap font, true type font.

TAX JURISDICTION

An area, city, municipality, county, country with its own distinct regulations for taxation.

TEAMWORK

Process of collaboration of people to attain a goal.

TECHNOLOGY

Information application to design, production and utilization of services and goods and organizing human activities.

TELLER’S CHECK

Bank written cheese on funds at another institution and signed by the teller. See cashier’s cheese.

TERMS OF SALE

Terms of delivery and payment agreed between the buyer and the seller.

TESTING

Means of quality control where capability of manufactured items to meet its requirement is determined.

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