Close to a certain point; minutely exact.

The level of closeness to a certain pattern, objective or standard.

Materials that fail to reach their desired state of consumption.

A method of waste reduction in which materials that have been discarded are set apart on their level of recyclability.

The use of several methods of lending, usually shady, which are used to gain unlawful benefits from borrowers.

A pricing method of selling certain goods at a lower price than is required, or to give away goods for free, generally done so as to eliminate any competition from the market.

Profit gained before depreciation is levied on the account.

Maintenance work that is carried out on a certain item/ machine/ building, etc. before it is actually required. Generally done so as to keep the system working in a top notch condition.

Booking a certain slot for a TV commercial, etc. in advance. It can be switched in case another advertiser decides to pay full money for a certain slot.

To set up a prior claim, or the right to gain an advantage before anybody else.

A clause which allows the present stock holders to gain preemption rights.

A right/ advantage given out to the present stock holders, allowing them to gain the first option in case a house or property is being sold. It can also mean a right

A method of selling something at lower rates, in order to ward off the competition within any market.

Any condition from which the insured is already suffering from before he/she applies for an insurance policy.

Loans that are provided to exporting companies, after the lenders carefully check and ensure that orders have been placed for the goods, hence ensuring that they will get returns for their loans.

Any structure, or article that is created before being brought to the site where it is properly assembled, or installed thereafter.

When large projects are to be constructed, a prefeasibility study is carried out in order to decide whether or not the project will be worth proceeding with or not.

Those who have invested are liable to receive payment before others, though they can forego their shareholder privileges.

An initiative taken by the government in order to bring about an increase in the capital investment. This is done generally in poorly developed areas.

A pact of trade, formed between two or more countries, allowing them to reduce the tariffs charged on specific goods during trade with each other. Even though the tariffs aren’t completely removed,