Occurs when the expenses of a business are greater than the income for a financial period.

Non cash expenses such as depreciation where cash is not physically involved

Expenses such as amortization and depreciation that do not involve cash transactions, yet show up on an income statement.

Investments and Finance that are carried out without the traditional inflow and outflow of cash.

1. Accounting: A Financial items that does not affect the firm’s cash inflows and outflows while being included in the computation of its income on the basis of accruement 2. Banking: Checks

A financial activity that involves the owner’s equity and liabilities but has no effect on the inflows and outflows of cash. A significant amount involved in a noncash transaction is included in

The instrument usedby brokers at the start of a business transaction to ensure (1) that they are not bypassed and (2) the non disclosure of the negotiation information to third parties.

The loss of a right due to a failure to claim or pursue it within a specified legal period.

Advertisements such as public service announcements that are aimed at educating the consumers or instilling an idea in them. They are often used in the electoral process to gain votes.

A clause in a business sale transaction that denies access to the seller from conducting a similar business in the specified area for a certain period of time, usually three years.

An investor’s bid to gaining possession of a debt issue whose price depends on the yield or average discount rate of all bids combined. A minimum price of $10,000 is the standard

The discrepancy that causes the underinsurance of property in the event of a loss. This occurs when the same property is covered for the same danger by different policies, but differ in

An illness that gives the insured, freedom to go outdoors.

Also referred to as defect, it occurs when specific requirements are not fulfilled

Costs that occur when product quality is not up to standard. It also results due to production imperfections and includes both internal and external costs.

Occurrence of an situation due to the nonfulfillment of the prescribed standards and specifications.

An insurance wherein the full premium cost is borne by the employer, with no contribution from the employee.

Fringe benefits to the employee wherein he is not required to contribute and all related retirement plan costs are borne by the government and/or employer.

A retirement plan in which the full premium cost is borne by the employer

The modification of loan terms that grants eligibility to borrowers with very limited financial strength. The term ‘non-conventional’ is used an indication of the tools employed to modify the loan terms and