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

Category: T

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 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.

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

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