The bank that issues the second letter of credit in a back-to-back letter of credit.

The stock that receives its portion of the dividend after the senior or preferred stock. Often command a higher dividend as they carry more risk.

Funds that are raised to further finance expansion of a firm after the start up phase is completed.

A strategy used in acquisition where there are two suppliers or producers who qualify to supply the same item.

A second opinion from another doctor to ensure that the surgical procedure is necessary.

A life insurance policy that covers two people that only pays out after both people have died.

A progressive stage in the adoption of new technology where the emphaisi has shifted from the experimental stage to a result oriented stage.

In contrast to the first world of industrialised ecomnomies it indicates the former Soviet Union and East European industrial countries.

Ranked after the first term of importance. It is second behind the first.

Activities performed by a company that are outside the scope of its normal operations.

The people who can exert an influenceon a primary audience. It can be children, spouses, frinds neighbours or associates.

This is medical care that comes from another doctor or professional that the patient has been referred to for extra care and treatment.

A policy in insurance that cobers things not covered by a primary policy.

The damage that can be caused after the initial damage or failure of a device.

Data that has been collected by another person other than the current or primary person.

A disater that is started by a first disaster and happens after the initial disaster. Such as a fire that occurs after an earthquake.

Another mortgage that is taken out on an a property or asset where the first motgage takes precedence over the second mortgage.

Secondary disaster. An event that occurs after the occurence of an earlier event. An example would be the smoke caused by a fire.

The sector of an industrial economy that is dominated by manufacture of finished products and not parts for products.

The labour market of insecure jobs with little or no payment and poor conditions.