Created in 1970 by International Monetary fund to coincide with a a disfavour in the US dollar as the main world currency. It is an accounting entry.

A resolution that requires an important decision to alter terms of articles of association or memorandam of association. It requires no less than 21 days notice, no less than 3/4 of the

A situation that arises that will require a company to sell of some of its shares.

Any specialised equipment that can be only be used for a specific purpose. Items like gauges, dies, molds, jigs, patterns.

A form that has been nearly replaced by Building and Personal Property Coverage Form and covers commercial risks for all perils.

The provisions in a contract that are specific to a project that is under consideration and don’t fall under any other general or supplementary conditions.

An assessment of the likelihood that a country will default its loans made by the International ratings agency.

A meeting of share holders called in order to discuss a specific matter that has ben stated in the meeting notice.

A component that can be replaced when it is needed to be because of malfunction or wear.

A different term for Statement of Sources and Ap[plication of Funds.

an event, condition, activity or a problem that will bring to a halt another program, activity or process.

A cost saving incentive plan where any cost saving is shared between the firm and the workers.

A set of ideas that are held by a group of people, also a doctrine by which to live by.

An obligation that arises from the primary obligation of a transaction or contract.

An overlaod of email messages that overwhelm the mail handling and storage capacity of a web site.

A rigid subdivision in society that creates a hierarchy of layers that sre differentiated on the basis of wealth, prestige and power.

Any maintenance that is performed when a machine or piece of equipment is turned off and out of service.