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

Category: T

TRADING DOWN

Reducing number of features or product quality to bettered suit the selling price customers demand.

TRADITIONAL IRA

Tax qualified account for savings allowing the account holder to put aside money for retirement.

TRANSACTION ACCOUNT

Deposit account the holder can make transfers or withdrawals from to third parties.

TRANSPORT DOCUMENT

Air way bill, bill of lading, carrier’s certificate etc. Serving as evidence of acceptance and receipt of goods for carriage.

TRILLION

Number with 12 zeros after it. It is one thousand billions.

TRUSTED THIRD PARTY

Reputed, responsible and established fiduciary body all parties accept from an agreement, transaction or deal.

TWEENS

Term in marketing referring to the re-teens between the ages of 8 and 12.

TYPE 1 ERROR

Error where it is believed that a difference is observed or exists when there is no difference.

TYPOGRAPHIC COLOR

Apparent blackness of text that results from effects of stroke thickness, width, point size and line space used.

TEAM BUILDING

1. Philosophy of designing a job where employees are viewed as the members of inter-dependent teams instead of individual workers. 2. Ability to identify and then motivate an individual employee to be

TECHNICAL OBJECTIVE

Goal of development and research requiring completing one or more projects for its completion.

TELEMATICS

Wireless network of communications that supports remote applications.

TERM OF A BILL

Period where a bill of exchange is drafted and is then due for payment.

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.

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