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

Category: T

TAX CERTIFICATE

The proof of payment of taxes due on a property or income that is official.

TAG-ALONG

In corporate law, the legal right ensuring all share holders can take part in a deal along with the majority shareholder.

TARGET START DATE

The calendar date when a goal or project is to be started. The date is initially an estimate that adjusts as the day nears for the launch of the new endeavor.

T ACCOUNT

A simplified 2 column account resembling the letter ‘T’ used to illustrate double entry bookkeeping. Has 3 elements, title, left hand columnar and a right hand column.

TANGIBLE COMMON EQUITY

Calculated by deducting intangible assets, preferred costs of equity from the book value of a firm.

TARGET COST

1. Contracting. Final cost that is agreed on. 2. Costing. Final cost of a service or product that needs to be achieved to generate desired sales revenue and income. See target costing.

TARGET VALUE

The output that is aimed for from process or the results aimed for in admeasurement.

TABLET PC

A notebook computer that has an LCD touch screen that can also be used with a stylus. It uses digital ink technology.

TAGUCHI METHOD

Method of quality control combining process control and control charts with process and product design in order to get a total design that is robust.

TARGET COSTING

A method of product costing where the final cost has been determined after analyzing the market and designing the product to meet demands. See target cost.

TABLOID

A newspaper that is roughly half the size of a regular paper, 12×14 inches in size.

TAILORING

Adaptation of requirements to current needs of operation by deleting, modifying and supplementing without any deviation from the norm. See also deviation.

TANGIBLE COST

The amount that is assigned to the area of business operations like supply payment.

TARGET FINISH DATE

Calendar date when a project is to be completed. It starts as an estimate and may be changed as the date nears.

TARGETING STRATEGY

Selection of customers by a business wishing to sell services or products. Use market segments and choosing which ones to target.

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