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

TRILLION

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

TRIMMED MEAN

Method of averaging designed to reduce effects of outlier statistics.

TRIPLE NET LEASE

Rental agreement where the tenant pays all 3 operating costs insurances. Maintenance and utility costs, property taxes and the landlord then receives net rent.

TRIPLE OPTION

Employer plan offering employees choice of provider types with varying coverage and cost.

TRIPLEX

Building with 3 townhouses or apartments.

TROJAN HORSE

Computer program that appears to be legitimate and useful but is secretly performing illegal and destructive functions.

TROPICAL RAIN FOREST

Dense forest of trees that are evergreen that grow in regions of heavy rainfall at tropical latitudes, Borneo, Amazon, Basin, and warm temperate latitudes, Australia, Florida etc. Diverse and complex with great

TROPICS

Region lying between the Tropic of Cancer, north of the Equator and the Tropic of Capricorn, south of the Equator.

TROUBLED DEBT RESTRUCTURING

Process where a lender, bank, modifies loan agreement terms that will minimise losing custom from customer’s who are incapable financially to meet previous terms.

TROUGH

An economics’ cycle lowest point. Compare to peak.

TRUE AND FAIR VIEW

Used in UK applying to an auditor making a decision on a firms accounting practices.

TRUE CAPACITY

Actual capacity of a machine, factory, process or production line to generate output under given constraints of material availability and a sustainable speed.

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