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

Category: T

TRIMMED MEAN

Method of averaging designed to reduce effects of outlier statistics.

TRUE CAPACITY

Actual capacity of a machine, factory, process or production line to generate output under given constraints of material availability and a sustainable speed.

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.

TWIP

Unit of distance in computer graphics equal to 1/72 of a point,1/1440 inch, 17.64 micrometres or 0.70 Q.

TYPE A PERSONALITY

Person characterised by being overly ambitious, aggressive, competitive, impatient, driven, controlling with a sense of urgency. Quantity opt quality. See type B personality.

TYPOGRAPHY

Study of design of typefaces and how a page can best be laid out.

TEAM LEADER

Member from the team selected to represent, make decisions, and resolve any conflicts within the group.

TECHNICAL RESEARCH

Applied research bent toward disciplines of engineering and aimed at the development of test equipment and tools to provide a solution to a certain problem technically.

TELEPHONE BANKING

Banking service offered via the telephone where bills are paid, funds transferred etc.

TENANCY IN COMMON

A property’s joint ownership by 2 or more unrelated or related bodies in equal or unequal shares.

TERM OUT

Transfer internally of a debt shown on a firm’s balance sheet by capitalization of long and short term debt.

TERMS OF EMPLOYMENT

Conditions and arrangements of an employment contract. Also known as terms and conditions of employment.

TESTAMENTARY INSTRUMENT

Document or will creating, extinguishing or transferring interest in or the right to an asset or property. Also known as a testamentary document

THEATRE SETUP

Arrangement of seating where all rows face toward the stage.

THINK TANK

A research institute that is staffed with experts that are engaged for discussing policy issues of government and business.

THRIFT PLAN

Plan for retirement including an employee savings feature.

TIER

Plot of land that measures 6 miles wide, extends east-west and numbered in north-south according to the distance from base line in a rectangular survey system.

TIME LIMITS

Length of time an insured has in order to put in a claim.

TIME SERIES ANALYSIS (TSA)

Technique of trend extrapolation based on an assumption that ‘ the best estimate for tomorrow is the continuation of yesterday’s trend’.

TIMESHARE

Ownership that involves the purchase of a time or percept interest in a holiday property.

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