UNFAVORABLE BALANCE OF PAYMENTS
The situation arising when payment made outside of the country are greater than payments received by a company. Also known as balance of payment deficit.
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The situation arising when payment made outside of the country are greater than payments received by a company. Also known as balance of payment deficit.
Rules established by NASD for handling over the counter, OTC, transactions.
Backup supply of power that lasts long enough to shut down the system or to allow another generator to take over.
Accounting. All financial data should be recorded in one currency unit only. See accounting concepts.
Depreciation method calculated based on an asset’s use instead of time it is in service and matching expense of depreciation to generated revenue.
1. Off loading goods from the container or vehicle that delivered them. 2. Selling goods in order to be rid of them at a lower than usual price.
Revenue occurring in one period of accounting but recorded in another.
Risk of a securities investment not common to all securities but to a certain security. Also known as non-systemic risk.
Term referring to part of the oil industry doing the exploration and recovery. See downstream.
Bill of exchange drawn on a governed term of usage in trade or between involved countries.
1. Business. Firm owning and operating facilities for production and distribution of water, electricity, gas telecommunications to the public. 2. Computing. Program whose function is to maintain efficiency of the system. Also
Formal document for procuring goods and services that meet criteria of an obligation incurred but has not yet been filled.
Rating system used to determine amounts for premiums.
1. Crafts like crane driving, welding that is covered by a international or national union. 2. Employees represented by the trade union. 3. Jobs a trade union claims can be filled by
1. Contracting. Pre-determined price for work to be done. 2. Retailing. Price of one item sold.
Banking combining aspects of commercial banking and investment banking.
Statistical pattern of distribution where measurements are not clustered near the median.
Reserve kept so claims not yet submitted can be paid. Amount is based by estimation.
Liability or asset that has to be on financial statements but doesn’t meet any requirements of reporting.
Promise of repayment of debt to a subsidiary by the parent company.