Complete elimination of the risk involved in any associated investment.

The ability of any asset to be converted to cash immediately, without facing any loss in its value.

A decision making method which is taken with full information and perfectly logical steps, and usually aimed at maximizing the profits.

Performing any contract within the time frame provided and completing all the requirements, meeting the specifications of the customer precisely.

Any secure interest in an asset, which cannot be claimed by any other party. A lien might be registered against it. Known as perfected lien.

Removal of doubt or dispute linked to the title of any real estate.

Validating any legal document or interest by properly executing it and then filing it with the correct public authority.

In a supply or demand curve, the appearance of infinite price elasticity is known as being ‘perfectly elastic’.

PFC, as it is commonly known, is a byproduct that appears when aluminum is smelted during the manufacturing process of a semiconductor. A PFC has a couple of carbon atoms, as well

In business terminology, performance indicators are commonly used to analyze certain objectives.

Dangers that might be associated with sea travel. Usually involves high winds, two ships colliding, hitting a submerged object, etc.

The total costs incurred, such as depreciation, interest and other costs which commonly occur as time passes. These are treated as fixed costs. Known commonly as period expense.

The time it takes for a business tore store damages to property, or any asset. The period of restoration begins on the date the loss is recorded and is ended on the

The time period during which a single incident, or accident might turn in to a real disaster.

A standard method used to calculate inventory costs, by making use of an average.

Expenses which take place on an irregular basis. Not recorded on a monthly basis. An example can be the payment of insurance premiums on a quarterly basis, maintenance costs of property, etc.

By placing FIFO as the primary method, the period FIFA is situated upon the usage of the actual costs, which are associated with the inventory first, and then allocating the current costs

A method by which the inventory is controlled without keeping any receipts or issues. At the end of every period of accounting, the final inventory is analyzed and an actual count is

Using the base as LIFO, this is an assessment that is set on current costs which are associated with the stock which was last produced, and then allocating the costs to inventory

Various different activities that are carried out to ensure the smooth operation of a machine, equipment, system or plant. Usually carried out on a regular, preset schedule.