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

Category: T

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.

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.

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