1. Bankruptcy: Court order that frees the bankrupt from legal obligations to pay off current debts. 2. Contracting: Court order that ends a contractual obligation between two or more parties.

Harmful effects caused by ingesting a toxin.

Sale of assets without pressure to sell as quickly as possible or to accept whatever offers are made. See FORCED SALE.

The recipient of option rights from an optioner.

A will communicated verbally to witnesses, rather than in writing, usually when the person is near death. Few states accept oral wills, due to the possibility of fraud, and they are generally

Buildings that have wooden joists, stairwells with only limited protection and finishes that limit where a fire can spread.

In any business, this term is used for all those activities that are necessary and normal.

Life insurance policy which the policy holder pays throughout his or her life.

Interest calculated based on a hypothetical year of 360 days.

To increase or decrease some aspect of a process (e.g. output, efficiency, waste) by a multiple of 10.

Term used for second hand items that describes limited scope for negotiation with the buyer.

The vertical axis of a chart / graph (i.e. the ?y? axis).

Typical, everyday occurrences.

1. Similar to a living organism, with clear and functional internal structure and consistent life cycle of birth, growth, decay, and death. 2. Compounds (natural or synthesized) that contain carbon.

In 1913, William Howard Taft ratified this law that split the Department of Commerce and Labor into two separate departments (the Department of Law and the Department of Commerce).

Organic organizations consist of employees of similar status without formal job titles or responsibilities, so individuals can perform the tasks to which they are best suited. Decision making is informal without resort

This sort of pension plan is funded by a trust. It provides death benefits through life insurance coverage plans. The insurance premiums are paid by the firm until the employee retires, when

Repairs to assets caused by day-to-day wear and tear that are required to maintain the asset?s functionality. These repairs do not increase the value of capital assets, they merely preserve value.

Pollution that occurs when organic substances emit pollutants into the environment. These pollutants can usually be oxidized by naturally occurring micro-organisms.

Total payroll expenses for all employees of an insured business, excluding executives, contractors, officers of the company and departmental managers.