Reverse logistics. The practice of collecting any outdated, damaged or goods that are unsold and returning them to the manufacturere or supplier.

The arrangement where a broker or dealer buys a security and sells it on a set date at a higher price.

Occurs when large players of industry have to fold and the smaller ones stay in business.

A method where a product is de-constructed to see how it was made initially.

A process where a company acquires another company and merges its subsidiary company as well.

An account kept in reserve to record any surplus that is cfeated with the re-valuing of assets.

The exchange of a property before the previuos property has been given up. Opposite of deferred exchange.

A filtering process where a liquid with suspended particles in it is passed through a filter to catch the particles.

A short term adverse effect of health that is reversed with time and the removal of the cause.

The number of times in one minute that an engine’s crankshaft or the shaft of a motor turns.

An arrangement in credit where the interest and credit limit is periodically renegotiated.

The acquisition of a private firm by a public firm by transferringover 50% of stock. A way to make a private firm a public firm.

A loan using the equity in his home to secure another mortgage and gets lumo sums paid preiodically. The loan is paid when the house is sold after the borrowers death.

The provision in a deed transfer where the property transferred is reverted to the grantor if a deed condition becomes violated.

A bound and printed copy of a book or work that is sent to reviewers before the official date of publication.

1. The correction of a failed, defective or a non-conforming item. 2. The actaul cost of the correction of defective work.

Any m erchandise that has been sold and is then returned to the place of purchase.

An annuity that acts as a life insurance policy. Benefits are paid to athe annuitant when the insured dies.

An official confirmation or approval of a document such as a ticket after it has expired or changed.

A trust that allows the grantor to revoke and reclaim any property placed in it.