Category: V

Departing from precise trust agreement terms.

Releases of the same item with changes made along the way.

Faster variety of ADSL where speeds of 12 -52 million bits per second downstream and 1.6-19.2 Mbps upstream. Also known as broadband digital subscriber line, BDSL.

High ranking employee below president.

Advantageous situation that self propagates. Successful solutions lead to more success and more etc. See vicious circle.

Document, record or file in any format with information essential, necessary to create and organize operations and survival of an organization.

Legal principle where one voluntarily and knowingly consents to take risks such as in dangerous sports.

Vessel of transport used for a number of trips (voyages). Also known as spot charter. See time charter.

use by an adjuster to determine loss occurrence and putting a monetary value to a claim.

Method of pricing based on a goods perceived worth.

Maximum price to pay for knowing an uncertainty’s value before a course of action is decided.

Electromechanical or mechanical device that controls the flow of liquid, gas, slurry, dry loose material. 3 maintypes.1. Isolation, 2. Switching, 3, Control.

A safe and secure area in financial institutions for storing money and valuables.

Scheme of numbering differentiating between them.

Oil tanker that carries up to 250,000 DWT.

Disadvantageous situation that is self propagating and leads from one thing to another and back again. See virtuoso circle.

1. A parasitic and infectious microorganism smaller than a bacterium. Incapable of independent metabolic activity. Needs to invade a living organism to derive energy to survive. 2. See computer virus.

Provision, clause or term impairing a contract or making it void or voidable.

Metric unit of electrical potential. Equal to the steady flow of one amp current against one ohm of resistance

Marine policy of insurance covering one trip and only the cargo on the trip.