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

Category: T

TOURISM

Marketing all of the positive and enjoyable features of a destination for travelling to.

TRADING ACCOUNT

1. Account with a broker enabling the individual to buy and sell securities. 2. Section of an income statement showing the way gross profit was made through trading actions.

TRADING POST

Area located on the trading floor of an stock exchange where a specialist will conduct a live cry out auction.

TRAILING RETURN

Comparing investments against each other for a set period of time to see profits earned.

TRANSITORY ACCOUNT

Account serving as a holding account till all funds are moved to the appropriate accounts.

TREND PERCENTAGE

Way of analysing information using a base line and then each period after that is stated as a percept of the base line.

TRUE LEASE

Lease arrangement for many years where landlord retains ownership but the tenant keeps possession of the property for the lease term.

TURING TEST

Test that is used to evaluate a machine’s level of intelligence. Named after Alan Turing.

TWO STEP FLOW MODEL

Marketing strategy where messages that are not personal are first sent to the opinion leader then passed to the consumer.

TAX LIABILITY

Tax payer incurred debt to the government. Short term liability.

TEAR SHEET

Magazine or newspaper ad that is removed and sent to the advertiser as proof of being in the paper or magazine.

TECHNOLOGY COST

Expenses associated with the development, acquisition, implementation, deployment, maintenance of assets of technology that includes depreciation and amortization.

TELNET

Terminal emulation protocol enabling internet users to log onto a remote network or computer and use it like it is under the user’s control.

TENDER CONDITIONS

Rules and terms specific to a tender, submission, evaluation and awarding of the contract.

TERMS OF TRADE

Quantity of imports a country can buy from proceeds of selling services and goods of a set quantity.

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