The cost of items as determined by supply and demand.

A lease agreement that may require the lessee to pay the difference between the leased item?s original value and its value upon return.

A bidding contest that concludes with the opening of sealed bids in a public forum, enabling all interested parties to witness the bids.

1. A rate that has not yet been finalized. 2. The highest one-time rate an advertising medium (e.g. newspaper, radio station, etc.) can charge.

An accounting ledger record that covers a particular financial activity over a set period of time.

A system that enables insurers to use rates not previously approved by the state.

A repurchase agreement that does not set a date for repurchase and that can be terminated by either party at any time. Rates are adjusted each day, based on current market rates.

A protocol that is governed by an organization anyone can join.

An agreement between countries that enables unrestricted overflight and landing rights to each other.

Derived from the work of American architect, Frank Lloyd Wright, and French architect, Le Corbusier, open plan spaces are partitioned with temporary screens and modular furniture, rather than walls and permanent fixtures.

A system or device that is designed around common standards and is independent of individual vendors. Thus, any vendor is able to create programs or interfaces for the system or device, and

Open framework software enables programmers to easily remove and replace modules to create new apps.

Cargo insurance that provides compensation for damage to or loss of goods that were carried in a specified vessel or by a specified company, within a specific period. According to the policy,

A credit system in which merchandise may be received based only on the promise of payment.

A fund that allows shares to be bought or sold, according to demand. The fund?s market value is calculated by dividing the total value by the number of shares and then adding

The first bookkeeping entries of a new firm, account or accounting period.

The initial figures used in a financial plan. For established businesses, these figures are based on the balance sheet from the previous accounting period. For new businesses, the figures are based on

Software that can be downloaded, modified and redistributed for free. However, open source software often includes restrictions on re-sale.

Buying and selling of US Treasury Funds by the Federal Reserve, intended to affect inflation, monetary supply and interest rates. Such operations are rare, as the financial sector usually takes similar action

A bidding system that is not private. It is opened for all qualified bidders. Bids are then chosen openly, based on price and quality.