Category: T

1. General. Departure allowed from a standard that won’t effect a process over its life cycle. 2. Engineering. Capability of a system that can withstand high stress levels without being harmed. See

Manufacturer or contractor incurred expenses in acquiring tooling needs to complete a contract or production line process.

Pressure unit equal to 133.32 Pascal’s or 1/760th of an atmosphere. Named for the Italian inventor of the mercury barometer, Evangelista Torricelli, 1609-1647.

Expense assigned to an activity or cost object based on cause and effect relationships.

Firm connecting sellers and buyers but does not own or store merchandise.

Common method of contracting where the client chooses service providers for design of work and asks for bids on construction work.

Measurement of a person’s patterns of habit, thought and emotions.

Point in a journey where a vessel change occurs.

All prices and supply information is publicly available.

Analysing method of time series data involving comparisons of the same item over a long period to detect general relationships with associated factors and to project the patterns future direction.

A change represented by crossing a threshold that will start a reaction and lead to a different end result.

Process where a lender, bank, modifies loan agreement terms that will minimise losing custom from customer’s who are incapable financially to meet previous terms.

The appointed overseer of the trust acting on behalf of the trust.

1. Accounting. (1) Volume of annual sales that is net of taxes and discounts. (2) Number of times an asset revolves or is replaced in a period of accounting. 2. Human resource

Purchase agreement where a customer is forced to buy an unknown or slow moving product along with a well known and fast moving product.

Thickness and stroke variations like bold, italics lending flexibility to appearance of type face.

Computer code augmenting or extending capabilities of TCP/IP where socket software is provided.

Evaluation, engineering and development and research information associated with design, operation, production of machines and equipment, system or process.

Meeting conducted over telephones.

In a set order in regard to time.