The Law Dictionary

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

Category: T

TRUTH IN SAVINGS

Legislation in some countries like Federal Deposit Insurance Act 1991 In USA. All details moist be made clear to the depositor of the conditions of deposit.

TWO TIER WAGE SYSTEM

Pay structure where wages paid to senior workers is different to wages for new workers.

TYPES OF COMPLEXITY

Types of complex situations (1) Apparent complexity, (2) Detail complexity, (3) Dynamic complexity, (4) Inherent complexity.

TAX TREATY

Agreement between governments in order to prevent tax evasion and double taxation by a resident of one state who earns income in another state.

TEAM ROLES

Role types; Coordinator/ Chairman; Completer/Finisher; Implementer; Monitor/Evaluator; Plant; Resource Investigator; Shaper; Specialist; Team worker.

TECHNICAL SUPPORT

Assistance that is user friendly for people with technical problems with any electronic devices.

TECHNOLOGY LICENSING

Agreement where the owner of technical intellectual property allows a different party to use, modify or re-sell property in exchange for compensation.

TERM LIFE INSURANCE

Cheapest and simplest form of life insurance staying in effect for a period of time or until a certain age is reached.

TERMINATION

1. last step of employment where a worker is let go. 2. Customer cancellation of remaining work of a contract. See termination for default and termination for convenience.

TERMS OF FREIGHT

Agreed upon conditions between shipper and carrier in regard to type and payment for freight.

TEST MARKETING

Stage in product development where a product and plan for marketing are exposed to a small population group to see the reaction before a full scale product launch.

TESTIMONIUM

Concluding section of a deed or contract stating it has been signed on the date stated by the parties.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.