An implied or constructive trust that is created by the trustorthat is not lawful.

The presentation in a formal document or form of a person’s employment history and any skills they possess.

The study of selected retail outlets providing a service based on subscription to market research firms. They will gather information ona brand’s volume of sales, trends in sales, levels of stock and

Banking services such as savings accounts, credit cards, loans that are provided for individuals. See Consumer banking. See coprorate banking and wholesale bankinh.

The estimated value at the end of an inventory procedure that is based on retail price and cost. Includes the following steps: (1) maintaining detailed records of stock and prices, (2) computation

Spending patterns of consumers that is based on retail sales of goods that will last more than 3 years and those that will last less than 3 years.

A person or business selling goods to the public as against a person or business selling to another business.

The number in years that records must be kept as stated by law.

The act of being in retirement from working and with no plans to return to work.

1. The removal of any asset after its sale. 2. Forced or voluntary withdrawal from the job market. 3. Withdrawing a document from circulation. 4. The discharge or satisfaction of an obligation.

The alteration of computer graphics, photograph or an art work to restore it to its original form or to enhance features or to remove blemishes or unwanted material.

The layoff of employees that is forced by the company’s economic position.

Electronic commerce term where a specific transaction performed by a credit card is asked for by the issuer of the credit card.

A date that may be included in a policy from where no other claims can be made.

Practiced by the credit card industry where the interest rate is increased and it covers item that were purchased at a lower credit rate.

The pricing in contracts that will reflect performance or new cost data at hand and is decided after a set protion of work has been carried out.

The action of modifying present equipment with new parts to enable it to perform its job.

The final that is to be paid on rating plan that is retrospective.

A rating system where an employerpays a part of an employee’s cost for any health care.

If a commission is paid on a full policy and the policy is cancelled early, a part of the commission needs to be returned.