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

Category: T

THERMOSTAT

Device that senses temperature and will turn an appliance or circuit off or on when the required temperature has been reached.

THRESHOLD

1.Boundary if passed has different state of affairs existing. 2. Maximum or minimum value serving as a benchmark to compare and guide any breach that can cause a review of a situation

TICKER TAPE

Stock symbols on a moving strip with volumes and prices shown at the bottom of a TV screen.

TIME LIMIT ON CERTAIN DEFENSES

Limits time length the insurer can claim that the insured’s condition was pre-existing that wasn’t mentioned at time insurance began.

TIMELINE

1. General. Line drawn on a scale where historical, planned or projected events are marked. 2. Project management. One of many lines on a job chart showing when each part is to

TOLL MANUFACTURING

Arrangement where a company will process raw materials or partly completed goods for another company. Also known as toll processing.

TOP LEVEL DOMAIN NAME

Unique internet address with designation showing country of origin determined by ISO 3155. If no country listed it is a US name.

TOTAL DISABILITY

Mental or physical impairment preventing a person from normal function.

TRACK RECORD

Builder’s or developer’s reputation to produce in an economical and timely basis.

TRADING FLOOR

Area where transaction of commodities, options and futures takes place.

TRADITIONAL OPTION

UK sold option where there isn’t a secondary market but is able to be sold back to the original principal or a counter party.

TRANSACTION PROCESSING

1. Commerce. Sequence of steps involved to receive an order, verify terms and payment methods and ship or deliver the goods. 2. Computing. Processing the request of a user one at a

TRANSIT VISA

A short term visa that allows a person to travel through one country on the way to another.

TREND EXTRAPOLATION

Technique of forecasting using statistical methods in order to predict future patterns of time series data.

TRUSTWORTHY SYSTEM

Computer system where software, hardware, and procedures are secure, available and functional and adhere to security practices.

TWEET

Term given to the short, 140 character messages placed on Twitter.

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