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Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A popular format on the internet for presenting and sharing audio and video data. Files are read by Shockwave Player. Free distribution by Macromedia, the developers.
The quantity of equipment that is greater than the quantity needed to carry on safely. For example the number of radios on a plane.
The costs of the time and energy of the efforts that are intended to counteract any inflation effects.
A letter stating indemnity that is given by a beneficiary of a letter of credit or L/C that is to induce a negotiating bank to relaes a payment against the L/C despite
The detail drawings that show how a propsed material will be shaped and assembled to produce a finished product.
The selected or appointed officer from the union who will represent his fellow workers in management discussions.
The inventory that is on aship to meet all of its requirements on a daily basis. It includes water, food, safety and medical supplies and spare parts for example. See bunkering.
A contract for sale where the seller takes the risk of loss until the goods arrive at its destination. See destination contract.
A list of transactions in an order alphabetically are measured in order to see if the income minus the expenses is equal to total profit.
The degree of sterness, harshness or austerity.
A receipt for cargo ythat has been taken on board a vessel. It is not a document of title or a bill of lading.
A discount put on goods that are out of season that may get people to pourchase them now when they are discounted. Snow equipment for sale in summer is an example.
A query presented in a manner that a search engine can interpret it and look for information on the internet.
A transaction that occurs in book keeping where new shares are given to current share holders at no cost in proportion to the number of shares already held.
The rates for moving freight by the transporter or carrier. See tariff.
A process where the share holder will exchange for interest repayments.The collateral could be shares or debentures from the company.
When a mortgage is in danger of going into default as payments are greater than 90 days late.
A life insurance policy that covers two people that only pays out after both people have died.
Usually a small scale activity to keep a piece of machinery or equipment in good working order.
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.