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

TECHNOBABBLE

Incomprehensible technical jargon that only a select group will understand.

TECHNOCRACY

Society that is not a democracy or bureaucracy as the power has moved to scientists, managers and engineers, technocrats.

TECHNOLOGY

Information application to design, production and utilization of services and goods and organizing human activities.

TECHNOLOGY COST

Expenses associated with the development, acquisition, implementation, deployment, maintenance of assets of technology that includes depreciation and amortization.

TECHNOLOGY DRIVEN

Philosophy of management pushing for developing new services and goods based on a firms abilities in technical practices.

TED SPREAD

Treasuries Over Euro Dollar Spread. Wall Street term applied to the gap existing between interest rates on US securities and dollar deposits held outside of the US.

TELECOMMUNICATIONS NETWORK

High capacity and speed of long distance communications comprising computers, cables, switches, satellites etc., linking remote sites.

TELECOMMUTING

Substituting telecommunications for transportation in a flexible and decentralized work arrangement allowing employees to work at home over the computer network.

TELECONFERENCING

Audio-visual or audio meeting between parties a long distance apart. See conference call and video conferencing.

TELEMARKETING

Contacting and canvassing prospective customers by telephone, fax or internet.

TELEMATICS

Wireless network of communications that supports remote applications.

TELEMETRY

The remote reading of devices used for measuring by telecommunications.

TELEPHONE BANKING

Banking service offered via the telephone where bills are paid, funds transferred etc.

TELLER’S CHECK

Bank written cheese on funds at another institution and signed by the teller. See cashier’s cheese.

TELNET

Terminal emulation protocol enabling internet users to log onto a remote network or computer and use it like it is under the user’s control.

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