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

Category: T

THEORY OF THE SECOND BEST

Concept of Economics where all remaining needs should be satisfied even if two or more need cannot be satisfied.

TIME AND ATTENDANCE

Method used to track and gather information on the time an employee spends on the job.

TIME SHEET

Document or spread sheet indicating hours worked by employees.

TONER

An ink that is a very fine powder and used in laser printers and copiers.

TOPOGRAPHIC MAP

Map with natural features with contours of altitude. Also known as a contour map.

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.

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