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

TWO TIER BID

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

TWO TIER MARKET

System of exchange rates where a country sets one rate for flow of capital and another rate for present account transactions.

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.

TWO TIER WAGE SYSTEM

Pay structure where wages paid to senior workers is different to wages for new workers.

TWO WAY STRETCHING

Action of introducing a new product into an existing line of products at both a high and low price so all consumers will see it.

TWO-NAME PAPER

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

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.

TYPE

Computer or physical characters making up text and displays of reading matter.

TYPE 1 ERROR

Error where it is believed that a difference is observed or exists when there is no difference.

TYPE 1 FONT

Standard for saleable digital fonts for Postscript printers. Developed by Adobe. See true type font.

TYPE 2 ERROR

Probability in trusting hypothesis that a test sample supports a correctly stated value when nit is really misstated. Beta error or risk.

TYPE A PERSONALITY

Person characterised by being overly ambitious, aggressive, competitive, impatient, driven, controlling with a sense of urgency. Quantity opt quality. See type B personality.

TYPE B PERSONALITY

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

TYPE FAMILY

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

TYPE FONT

Set of characters comprising a given typeface of a set point size; capitals, lower case, numbers, small caps and other symbols. See outline font, bitmap font, true type font.

TYPE SPEC

Instructions for typeface, type style size, etc. For a printing job.

TYPEFACE

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

TYPES OF COMPLEXITY

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

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