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

TASK

The essential and smallest part of a job that is a unit of work differentiating from other parts of the project.

TAP CD

A certificate of large denomination of deposit that is issued at the investor’s request.

SUBSTITUTES FOR LEADERSHIP

Factors of a work setting that encourages common efforts to achieve organizational goals. Takes place of active leadership.

TAX CERTIFICATE

The proof of payment of taxes due on a property or income that is official.

STRUCTURAL VARIATION

An economy or organization wide recurring change created by factors like seasonal patterns and long term trends.

TANGIBLE COST

The amount that is assigned to the area of business operations like supply payment.

SYNOPSIS

The brief summary or outline of main points of articles, plans or books.

SUBSURETY

Added surety with less liability than the surety that is the principal that is contingent with the non-performance of the principal or earlier one.

SUB AGENTS

An agent who reports to another agent and not directly to the company.

TAX AVOIDANCE

The lawful tax liability minimization that occurs from a sound financial plan. Tax avoidance is legal but tax evasion is not.

TARIFF RATE

A rate that is derived from data in a tariff of rates such as rating tables and schedules.

TARIFF ESCALATION

Situation where import duties on components are lowest and then they increase towards the finished goods. See tariff anomaly.

TAX ACCOUNTING

The accounting practices that incorporate laws for taxation that is regulated by the IRS.

TARIFF RATE QUOTA

The import quota allowing a limited quantity of merchandise to enter a country that is to be consumed at a tariff at a reduced rate. Tariff quota.

TARIFF ANOMALY

Situation where import duties on raw materials, components or partly completed goods are greater than on the finished goods. See tariff escalation.

TARIFF WAR

The counter balancing of tariff rates by one country that is a retaliatory act in relation to another country to gain advantages in trade.

TARGET COST

1. Contracting. Final cost that is agreed on. 2. Costing. Final cost of a service or product that needs to be achieved to generate desired sales revenue and income. See target costing.

STRUCTURAL FUND

European funds invested for purposes of economic development in Europe’s poorer nations.

TASK SIGNIFICANCE

The extent of the importance of an identifiable piece of work to other s within and outside of the organization.

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