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

Person diagnosed with an illness to die soon.

Jobs and work not completed before a contract is terminated.

1. last step of employment where a worker is let go. 2. Customer cancellation of remaining work of a contract. See termination for default and termination for convenience.

Contract provision allowing it to be terminated under certain circumstances. Also known as terminate provision.

A government contract’s standard clause giving government the right to terminate a contract at any time without giving a reason for doing so.

Cost incurred by unilateral termination of a contract by either party.

Special and general arrangement, rule, requirements, standards etc. Forming integral parts of a contract or agreement.

Conditions and arrangements of an employment contract. Also known as terms and conditions of employment.

Agreed upon conditions between shipper and carrier in regard to type and payment for freight.

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.