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

TIME LOAN

A short term, 1 to 6 months, asset based loan for business payable in one instalment on date of maturity.

TIME MANAGEMENT

Distribution and allocation of time is based on priority structuring.

TIME OF COMPLETION

Number of calendar days or the fixed date stated in a contract to complete the work involved. See date of substantial completion.

TIME PERIOD

Space of time that has an established date of beginning and ending.

TIME PERIOD CONCEPT

Concept of accounting where a firm’s operating cycle is divided into separate accounting periods that can be reported on in a manner that is timely.

TIME PHASING

Spread of tasks, activities over an appropriate time scale for the completion of a project.

TIME POLICY

Insurance policy covering risks that arise in a set period of time.

TIME PREFERENCE

Consumer’s inclination to keep current expenditure the same against future consumption.

TIME PRODUCTIVITY

Ability of consuming today’s goods to generate more consumption of goods.

TIME SCALE

Measurement of time where a task or activity in scheduled.

TIME SERIES

Values taken by variables over time that are plotted or tabulated in chronological order.

TIME SERIES ANALYSIS (TSA)

Technique of trend extrapolation based on an assumption that ‘ the best estimate for tomorrow is the continuation of yesterday’s trend’.

TIME SERIES DATA

Quantities representing or tracing values taken by a variable over a set period of time.

TIME SERIES FORECAST

Prediction based on assuming trend variations will reoccur in the future and tomorrow will more or less be the same as today.

TIME SHARING

1. General. Use of a location, item or facility by more than 2 people or 2 uses. 2 Computing. Using the resources of a computer but several users. 3. Real estate. Joint

TIME SHEET

Document or spread sheet indicating hours worked by employees.

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