Any loss that is incurred due to a passive activity. Examples include loss incurred through rented property, any limited partnership, etc.

A type of management which does not get affected by any changes in the environment. Passive management adheres to a strict agenda.

Measures taken to limit the impact of anything that might have been taken. These are usually taken so as to reduce the effect of any event that happened.

A kind of trust in which the person who is being trusted need not perform any task, and hence, the trust is regarded as a complete title transfer to the person who

Any sentence, or quote, etc. which can be remembered easil. It is used on a common basis as a replacement for a password.

Any number of characters, words or alphanumeric data, which can be used as an access key to gain entry in to a computer, any file or program.

A tool which is designed to verify whether the password entered in to a computer is valid or not. It does, however, have integrity flaws, and hence, the passwords can be stolen

A mistake on the part of an interviewer, or the anchor, which occurs when he/ she rates an employ using their past ratings as a base.

Anything that has not been resolved until its due date.

A loan which has passed its due date. Usually, it is referred to as a ‘past due loan’ when payments fall behind for over a couple of months, regardless of the fact

Practices that have been established due to common use, making them accepted publicly. Secondly, it is a method of resolving disputes between people, where history is checked to find a simlar dispute

The time period in which a person was employed and has provided his services, usually before his pension plan became active. Might result in the exclusion of employee benefits that were with

Benefits provided to the employee for his services before his pension, or retirement plan was started.

The initial value of any pension plan, which usually constitutes annuity credits, only vested till the effective date.

A method of food preservation derived by Louis Pasteur, a French microbiologist. Usually, considerably high temperatures are given to the food in order to deavctivate several enzymes. The food needs to be

A small program which is designed to fix a ‘bug’, or a number of ‘bugs’ in another software program. Patches are commonly included in the shape of ‘updates’.

A patent is a legal document which provides protection to the ideas of any individual. Usually issued by the Patent Office of a country, the patent is granted to any firm or

A defect, or anomaly in any item that might cause it to malfunction. Can be found easily upon inspection.

A style of leadership in which any male leader makes use of his superlative powers to maintain control. Or, it could also mean acting similarly to a father, to protect children from

In telecoms, a path is one which constitutes a number of resources, such as routers and circuits that must be set in place in order to allow for a signal to move