A sum of money that is put into the economy, usually by the government to give a boost to a slow economy. The amount is usually relatively small and goes into public

Lists of jobs that have not been completed by a contractor before he is due to be paid. All items must be completed before the contractor is paid the rest of his

The agreement by which a buyer agrees to sell an item to a purchaser. The buyer needs to agree to a set of conditions in order to buy the product.

The way a product is purchased by an individual or company. It may include cash or credit or payment by a cheque.

The act by a person who buys goods and services from a trader or company. The goods and services can be for an individual or used by a company to complete an

This is an annuity that makes periodic payments to the annuant and will only stop with the annuants death. The premiums are deemed to be fully earnt and paid. These are deemed

A economic system that shows little interference from a government body. The system is run by big business and revolves around money and capital assets. TLD Example: The election of a president who

This is the comparison of the cost of an item from the previuos year compared to this current year. This method is used in cost accounting practices.

An endowment policy that is paid when the person in the endowment is still alive. An endowment policy runs for a set number of years than matures and is paid out to

A trust that is irrevocable. The assets of the trust are acquired by a certificate exchange of beneficial interest instead of assets. This is different from gifting.

A ratio of losses of the re-insurer against the premiums that have been paid.

The domination of one company that supplies the majority of a product to the public. This company will distribute all of one product as it has out priced the competition and is

An economic term related to goods or services that does not generate any external entities. The producer or consumer of the goods or service will bear all of the costs and receive

An economic term related to goods and services that provides services and benefit to the general public. The goods and services specified are for the public good.

An economic concept of the rate of theorertical interest That rises in a market of loanable funds. In this situation a perfect rate of competition and certainty applies. That is, there is

An element that does not change its weight or mass when it is turned into the finished product. It contains no impurities that are burnt off or removed so the weight will

Income that is received from the use of a resource. During this use, this product is not destroyed by consumers. The income bears no relation or response to the price of the

A situation that has arisen where there is no chance of gain but there is a chance of a loss. There will never be a chance for gain but you may not

A trust situation that involves three parties. The parties are the creator of the trust, the trustee, and the beneficiary. This is a contractual trust and is different to a statutory trust

The removal and subsequent destruction of files from an active file. These files are no longer used for some reason and have become inactive and need to be removed. These files will