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Category: T

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.

TEXAS RATIO

Gerard Cassidy and a team from RBC Capital Markets developed this ratio to assess credit issues from banking institutions.

THEORY X AND THEORY Y

2 sets of assumptions by managers about employees and which can be self-fulfilling prophecies. Theory X assumes that (1) people won’t like work and will avoid if possible and (2) they need

THIRD SECTOR

Non-profit or voluntary economy sector serving as ‘an intermediary space between business and government where private energy can be deployed for public good’ as stated by Jim Joseph. Also known as tertiary

THROUGHPUT

1. General. Productivity of a process, machine, procedure or system over a period of time and is expressed as a figure of merit such as output per hour, cash turnover or shipped

TIME AND MATERIALS (T&M) CONTRACT

Arrangement where a contractor is paid based on cost of direct labour and cost of materials, using equipment and an agreed upon additional payment covering contractor’s profits and overheads.

TIME PERIOD

Space of time that has an established date of beginning and ending.

TIME SLOT

Time bought by an advertiser to air a commercial on TV or radio.

TONNE OF COAL EQUIVALENT (TCE)

Unit of energy that is generated by burning one metric ton of coal that is equivalent to burning 5.2 barrels of oil, 890 cubic meters of gas that is 29.39 GJ, 27.78

TOPOGRAPHY

Depiction and study of relative position, distribution and elevations of natural and man made features evident in a landscape.

TOWING COSTS

Optional insurance covering towing of a vehicle a pre-determined distance.

TRADING AS (T/A)

Bank account designation for business and personal transactions. See doing business as.

TRADING RANGE

1. Commodities trading. Maximum and minimum limit set by an exchange where a commodity price is allowed to fluctuate on a trading day. 2. Securities trading. Spread from the low and high

TRAINING

Organized activity aiming at imparting instructions and information that will improve the recipient’s performance or to reach a level of skill or knowledge.

TRANSFORMER

Device that changes an alternating current, AC, from one voltage to another by using electromagnetic induction.

TREASURIES

Negotiable obligations of debt by a federal government that comprises treasury bonds, treasury notes and treasury bills.

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