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.

Person trying to get what they want or to earn respect using flattery on influential people who can help with goal achievement.

Close relationship existing between 2 organisms where one gets a benefit from the relationship.

Sign or word used to indicate or signify an idea, relationship or object.

An artificial language such as Mathematics that uses symbols to avoid any ambiguities or inadequacies of a natural language like English.

Mathematical disciplines used to reduce rules of formal logic to those of algebra. Called mathematical logic.

Coding scheme for secure data transmissions using one digital key to encode and decode the message. Also known as symmetric key encryption.