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

TIME SLOT

Time bought by an advertiser to air a commercial on TV or radio.

TIME TO EXPIRY

Time remaining before a warrant will expire where it will no longer have any value.

TIME UTILITY

A service or goods that are available at a certain time.

TIME VARIANCE

Difference between actual and standard rates for hours worked.

TIME ZONE

Division of the earth into 24 longitudinal time zones that are 15 degrees of longitude wide.

TIMELINE

1. General. Line drawn on a scale where historical, planned or projected events are marked. 2. Project management. One of many lines on a job chart showing when each part is to

TIMES INTEREST EARNED RATIO

Ratio of income statement indicating the extent that earnings can decline and not result in problems of non-payment of interest.

TIMESHARE

Ownership that involves the purchase of a time or percept interest in a holiday property.

TITANIUM

Metal that is lighter but stronger than steel, corrosion resistant and durable.

TITLE INSURANCE

Policy insuring mortgagee or owner against loss by defects in title.

TO BE MODEL

Model resulting from incorporating improvements to the current one.

TOBIN’S ‘Q’ THEORY

Theory in Economics of behaviour of an investment where ‘Q’ is the ratio of market value to replacement cost of share capital.

TOKEN RING NETWORK

Single channel, high speed base band local area network or LAN architecture eliminating problems of colliding data by using packets, called tokens, of control messages.

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