In swapping currency. It is the forward rate of exchange that is expressed in terms of premiums or discounts from spot rate.

1. Increased business worth created b y unpaid mental or physical work of the owner or founder. 2. Increased property value created by work of the owner to enhance looks or amenities.

The business that takes advantages of its employees and work them under hazardous or harsh conditions paying minimum wages.

Arrangement in banking where a cheering account balance below or above a set amount is transferred automatically from and to interest bearing accounts.

Promotional scheme where prizes can be won by random chance.

Crude oil that has less than 1 percent of sculpture by weight.

A mutually beneficial private agreement of parties not necessarily in best interest of those affected without involving the workers. See sweetheart contract.

Society for Worldwide Interbank Financial Telecommunications. Global network of communication giving banks 24 hour secure exchange internationally.

Codes used by banks around the world organized by SWIFT.

A loan of a short term allowing the home owner to purchase a new home before he has sold the first home. Also known as a bridging loan or gap loan.

The investor seeking to profit from cycles of prices lasting from one day to many weeks. Compare to day trader; scalper.

The act where a card is slid through a magnetic stripe reader.

Fees charged by merchant’s provider of accounts for swipe card transactions.

An electronic or mechanical device that closes or opens a path for electricity to move power from one point to another. See valve.

The provision where female employees participating in a plan for healthcare covered only if their husbands are listed under dependents of the plan.

Carrier substituted B/L for the original B/L with the terms of an L/C.

Temporary path that is electrical in nature that is created between 2 points in an ‘as and when needed’ basis.

Fixed cost a buyer incurs due to a supplier change.

An assessment or written or oral facts that are stated under oath, an affidavit, for example.

Analysis of a situation where Strengths and Weaknesses of organizations, Opportunities and Threats are examined to develop a strategy. See PEST analysis.