Payment conditions between buyer and seller. Terms are cash, open account, secured account.

Statement showing background, objectives, purpose of a project, proposal or program.

Terms of delivery and payment agreed between the buyer and the seller.

Quantity of imports a country can buy from proceeds of selling services and goods of a set quantity.

Approach using mint disciplines to get the maximum benefit economically from physical assets.

State right to exercise powers in the boundaries of its territory.

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

the person to receive a beneficiary if the first 2 beneficiaries are deceased.

Advanced waste water cleaning where suspended solids and nutrients are removed.

Retailer and business in the UK, now online and founded in 1919 and is currently one of the world’s largest retailers.

Standard or benchmark where test procedures are compared to.

Extent of a test duplicating conditions or performance of a task. Close match equals high fidelity.

Stage in product development where a product and plan for marketing are exposed to a small population group to see the reaction before a full scale product launch.

Minimum age and metal capacity of the maker of the will.

Document or will creating, extinguishing or transferring interest in or the right to an asset or property. Also known as a testamentary document

Trust created with a will that will take effect only fret the writer’s death and will be subject to probate.

Written or oral assertion offered as proof of truth in court. Includes hearsay and testimony.

Concluding section of a deed or contract stating it has been signed on the date stated by the parties.

Means of quality control where capability of manufactured items to meet its requirement is determined.

Gerard Cassidy and a team from RBC Capital Markets developed this ratio to assess credit issues from banking institutions.