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

Category: T

THIRD PARTY CHECK

Check that has been endorsed by the payee to a new party who then becomes the holder of the check.

THROUGH RATE

Charge for a flight involving more than a single airline and changing air craft.

TIGHT MONEY

Money that is borrowed at high rates of interest due to a tight monetary policy. Also known as dear money and is the opposite of easy money.

TIME OF COMPLETION

Number of calendar days or the fixed date stated in a contract to complete the work involved. See date of substantial completion.

TIME SHARING

1. General. Use of a location, item or facility by more than 2 people or 2 uses. 2 Computing. Using the resources of a computer but several users. 3. Real estate. Joint

TO BE MODEL

Model resulting from incorporating improvements to the current one.

TONE

1. Marketing. Emotional feeling or mood associated with a product. 2. Trading. Sentiment of the current market.

TOPIC

Unit of instruction to train in one or more linked learning objectives.

TOUGHNESS

A material’s property enabling it to absorb and distribute large energy amounts from repeated shocks or impacts before it begins to deform, fracture or fail.

TRADEOFF

Technique to reduce or forego desirable outcomes to maximize return and effectiveness.

TRADING PIT

Area located on the trading floor of an options and futures exchange. Contracts are sold and bought in a live cry out auction.

TRAILING P/E

Ratio of a company’s price to earnings for the trailing 12 months, TTM.

TRANSFER COST

1. Total cost entailed with moving an item from one place to another place. 2. Alternate term for transfer price.

TRASH TO ENERGY

Thermal energy made by burning rubbish drives power plant turbines.

TREND PATTERN

Average change pattern of time series data inane upward, level or downward direction.

TRIPLE OPTION

Employer plan offering employees choice of provider types with varying coverage and cost.

TRUE INTEREST COST (TIC)

Total cost annually of getting debt finance that is expressed as a percept of the total account of debt.

TUNNELING

Technique in digital communications where data or signals are received in one format and are then converted to another format by embedding a protocol. Also known as encapsulation.

TWO BIN SYSTEM

Method of inventory control where a first bin is filled and an order is made to replenish it.

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