A person who has been assigned specific functions or taskin a program, process or project.

The tool used to measure how a financial institution is able to withstand a recession or risk that is a reflection of ite capital.

The use of a cellular phone that is outside its calling area and where outgoing calls may cost more to make.

In Human Resource Management where the position is poorly presented and there is a lack of clear understanding.

The art of acting out a role other than our own in a training situation.

The formal launch of a productor service using media and following a campaign of promotional material.

Money taken from a qualified plan and placed into a second plan to avoid taxation costs.

The expected behaviour that is associated with a position or the status within a organisation or group. See Roles.

A frequently and necessary concept used in mathematical finance to measure the probability to evaluate the worth of a derivative.

1. General. The dismantling of current policies and methods to make way for a new or altered approach.2. GATT.The r emoving of all restrictions to trade that are no longer consistent with

The average value or count of an inventory based on the same period, usually the previous year.

Economics Nobel Prize winner for research into transaction costs and right to property.

The class that a risk is determined to be in such as sub-standard, standard or preferred.

A fare that has been discounted for some reason during set times and with specific conditions met.

The rate for accommodation that includes a night’s accommodation and all meals.

The effect a wage rise has on benefits that are calculated as a percentage of the wage.

An endorsement that limits firther negotiation of an instrument that is negotiable.

An element in a situation that a change in its state can cause a change in degree of risk exposure.

A ship loading method that does not need cranes to lift cargo on. Cargo is driven onto the ship. See LiftOn.

1. Corporate. A component of risk management consisting of identification, determination, evaluation and application. 2. Food industry. According to WHO/FAO it is the risk assessment, risk management and communication of risks.