A firm providing passenger and or cargo transport services that are scheduled with its own vessels or leased vessels.

An alloy of iron that contains carbon as low as 0.03 % as in a steel ingot through to 2.5% in cast iron. Varying amounts of other elements such as manganese, chromium,

Factors making up the external environment of the organization such as economic, social, technological, political and ecological that affect decision making.

Committee advising on issues key to company objectives and policy such as marketing strategy, budget control, allocation of resources.

Cost assigning process to different parts of a business.

1. Fixed cost increasing to a new level that is in step with activity changes or usage. 2. Fixed cost for a small volume that can change over a larger volume.

A function of Mathematics where a variable will remain constant within an interval but not outside or between intervals.

A provision for the increase or decrease in rent based on the agreed upon formula like the lessor’s associated expenses with a lease or sale of the leased property.

One that moves up and down in a fixed or standard progression.

Dramatic changes of a cost that due to involving a large expenditure unable to be spread over the period of accounting.

Balancing the budget by the reduction of expenses in a avidity of ways.

Debt security that is initially low but increases in stages until it reaches a fixed point and will stay at that rate until redemption.

The pre-determined increase each year of a capital entitlement.

Tax provision for inheritances allowing tax to be determined by market value at time of death and not at time of original purchase.

Increase in a premium at set points during the policy term.

1. General. (1) the relative fixed, erroneous and negative generalization held true for certain groups. (2). Having no individual features, stale. 2. Printing. Metal plate used on letter presses.

An anti-microbial agent killing fungi, bacteria, viruses and spores that are hard to eradicate. See sterilizer or spermicide.

Overnight deposit rate average paid by largest London banks on any given day.

Latin- let it stand. 1. Law. Court order that will stay a legal procedure. 2. Proofreading. Ignore the correction just made.

The unloading and loading of cargo.