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

Category: T

TRADING HALT

Small pause in trading a certain security for a reason such as anew announcement.

TRAFFIC BUILDER

Attractions or promotional campaign that is aimed at increasing shopper numbers passing through a mall or store in business hours.

TRANSACTIONAL LEADERSHIP

Leadership style based on clear setting of objectives and goals and use of rewards and punishment to encourage goal compliance.

TRANSIT ZONE

Free trade zone where port of entry is the distribution center and storage center for a country that is landlocked or has no cargo handling facilitates.

TREND FACTOR

Factor affecting insurance rates allowing for cost increases.

TRUE AND FAIR VIEW

Used in UK applying to an auditor making a decision on a firms accounting practices.

TRUTH IN LENDING

Legislation in some countries like the Home Mortgage Disclosure Act 1968, Consumer Credit Protection Act 1969 in USA. The lender must make clear all conditions and details of a loan.

TYPE 2 ERROR

Probability in trusting hypothesis that a test sample supports a correctly stated value when nit is really misstated. Beta error or risk.

TYPOGRAPHIC WEIGHT

Relative darkness of font characters from thickness of strokes, light, bold, extrabold, etc.

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.

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