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

Category: T

TRACK RECORD

Builder’s or developer’s reputation to produce in an economical and timely basis.

TRADING FLOOR

Area where transaction of commodities, options and futures takes place.

TRADITIONAL OPTION

UK sold option where there isn’t a secondary market but is able to be sold back to the original principal or a counter party.

TRANSACTION PROCESSING

1. Commerce. Sequence of steps involved to receive an order, verify terms and payment methods and ship or deliver the goods. 2. Computing. Processing the request of a user one at a

TRANSIT VISA

A short term visa that allows a person to travel through one country on the way to another.

TREND EXTRAPOLATION

Technique of forecasting using statistical methods in order to predict future patterns of time series data.

TRUSTWORTHY SYSTEM

Computer system where software, hardware, and procedures are secure, available and functional and adhere to security practices.

TWEET

Term given to the short, 140 character messages placed on Twitter.

TYPE 1 FONT

Standard for saleable digital fonts for Postscript printers. Developed by Adobe. See true type font.

TEAM DEVELOPMENT

Enhancement of work group effectiveness by improving clarification of roles and goals.

TECHNICAL PROPOSAL

Document listing and defining technical requirements for a project or contract and explains how to approach and formulate the plan to address them.

TELEMETRY

The remote reading of devices used for measuring by telecommunications.

TENANCY AT SUFFERANCE

When a tenant stays on property after the lease has expired without the landlord’s consent.

TERMS AND CONDITIONS

Special and general arrangement, rule, requirements, standards etc. Forming integral parts of a contract or agreement.

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