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

Category: T

TRIAGE

System used at medical centres to assess a person’s injury or illness and rank according to severity.

TRUE-UP

Ensuring that totals for each line item match with the credit and debit accounts.

TWO TIER SEALED BIDDING

Process in tendering where all firms qualified to bid are invited first and then most suitable are invited to offer a sealed bid.

TAX WAIVER

Document issued by the state specifying that the tax department will transfer stock as it has indicated.

TECHNICAL ADJUSTMENT

Securities trading where the price moves in reverse and acts as a stabilizing action to a fast trend and not due to market situation.

TEMPERATURE

Measure of heat and cold by degrees by a thermometer.

TERMINAL VALUE

1. Asset’s value at the end of its productive life. 2. Investment value at maturity.

TERTIARY

Ranked in third position of importance. See second art, primary, service industry.

TEXTILE

Material that is made up from synthetic or natural materials.

THERBLIG

In a time and motion study, it is the base elemental motion representative of one of 18 standardized motions developed by Frank and Lillian Gilbert.

THIXOTROPY

The property of a gel to turn into a fluid under pressure and to return a gel when pressure is released.

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