A speculative technique where futures and options are bought and sold for the same item allowing profits form changing prices.

1. Accounting. Worksheet set out in columns and rows.2. Computing. Software allowing data to be entered in columns and rows to ease mathematical use of formulas and to present and graphs and

A living trust or will where the trustee decides which beneficiary receives which benefit from the trust.

1. Cash outflow and cash inflow match in a set period of time. 2. Revenue from sales is equal with purchases. 3. Futures trading open position covered with a hedge.

An underwriter’s attempt to create an active market to prevent a fall in price for the security.

a process that will fail only within a set range and with minimal causes of failure.

The legal term that refers to using more than one policy to claim on one event.

1. All employees who work for a company. 2. Employees working under a given supervisor. 3. Act of having a position at a company.

The person in change of a department that consumes revenue and advises line managers. They don’t normally make decisions about operations.

A term from the stock market for an investor who buys shares that have been just issued and then sells them as soon as they hit the market.

A project sub-section where tasks are performed together with scheduled outcomes.

Payments that are made in installments bot not necessarily in a regular or an equal amount.

The stage of an economic cycle where less than 1% of growth or decline occurs.

Metal product more resistant o staining, corrosion and rust. It is an alloy of carbon and iron.

Group, organization or person who has a stake that can be affected by the organizations objectives, policies and actions. See corporate governance.

Philosophy of management regarding maximizing interests of stake holders as its main objective.

One presented at a bank or to the consignee more than 21 days after the date of arrival of the shipment.

One presented a long time, 6 months or more after the date of issue. Also known as a stale dated check.

A claim that has been barred under a statute of limitations or a doctrine of laches.

A security that has had a feature altered and officially stamped to show it is an official change.