Strict, austere or intense with disastrous consequences.

Real property that is converted to personal property after it has been severed or cut and made into a movable object.

The degree of sterness, harshness or austerity.

Harrassment in the workplace or discrimination where unwelcome and unwanted advances are made to a person by one or more other employees. The comments are of a personal nature and often sexual

A method used in accounting where 2 sets of records are kept in order to look for and find any mistakes.

A director who is not technically with the firm but is a major shareholder but doesn’t take part in governing the firm but whose instructions are complied with.

The opportunity cost for an activity to the society. The actual price is unknown and doesn’t reflect any real sacrifice that is made.

A market upheaval that sees smaller competition eliminated and the few larger and stronger firms dominate.

A transaction that serves no purpose and provides no benefit economically but it used for the purpose of tax evasion.

A legal document that is issued to show proof of any ownership in a business. A paper share is being replaced by electronic shares.

The amount a firm will receive that is in excess over the par price of shares.

A company will buy its own shares in order to boost the market for them by reducing the quantity of available shares.

A mortgage that is written at a rate that is less than the market rate that will give the lender an increased value in the property that is being mortgaged for a

The contract between a firm and the share holders which outlines how internal affairs of the firm are managed, how any disputes are resolved and what happens when a share holder is

A process where the share holder will exchange for interest repayments.The collateral could be shares or debentures from the company.

A try-before-you-buy method of distributing software. The software will function fully for a set period of time and then the user needs to buy it for it to continue working.

The legal system used by the Islamic people that is based on principles in the Koran and other literature.

The measures that are taken by a company to make it less attractive to hostile bids for take over.

A specialist monitoring the financial markets for an early sighns of a hostile tak over attempt.

A behaviour that is barely less than fraud. It can be a cunningness, misrepresentation or a trick.