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

TWO-NAME PAPER

Nickname that is popular and given to trade paper acceptances that has 2 signatures, the author and the endorser.

TRUSTED THIRD PARTY

Reputed, responsible and established fiduciary body all parties accept from an agreement, transaction or deal.

TREND FACTOR

Factor affecting insurance rates allowing for cost increases.

TUNNELING

Technique in digital communications where data or signals are received in one format and are then converted to another format by embedding a protocol. Also known as encapsulation.

TYPE FAMILY

Set of type faces related by having the same design features.

TRIMMED MEAN

Method of averaging designed to reduce effects of outlier statistics.

TYPOGRAPHIC COLOR

Apparent blackness of text that results from effects of stroke thickness, width, point size and line space used.

TYPE B PERSONALITY

Person characterised as having moderate drive and ambitions, cooperative and accommodating and easy going. Quality over quality. See type A personality.

TYPEFACE

Numbers, letters an symbols of same typestyle and type weight making up a distinctive printing type such as Helvetica etc.

TWO TIER BID

Attempt at takeover where the bidder offers a higher price for stock than is needed to takeover the firm.

TYPES OF COMPLEXITY

Types of complex situations (1) Apparent complexity, (2) Detail complexity, (3) Dynamic complexity, (4) Inherent complexity.

TYING ARRANGEMENT

Purchase agreement where a customer is forced to buy an unknown or slow moving product along with a well known and fast moving product.

TUTORIAL

Program of instruction that is self-paced and provides information in a learning unit.

TYPESETTING

Composing of a text or display of reading matter into a computer or a physical type for the intended audience, reproduction method and use.

TRILLION

Number with 12 zeros after it. It is one thousand billions.

TWO TIER SEALED BIDDING

Process in tendering where all firms qualified to bid are invited first and then most suitable are invited to offer a sealed bid.

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