The classification of group industries into 20 sectors, which are further classified into 1,170 industries based on the establishment type. The identification is through the assignment of a 6 digit code. For

The North Atlantic treaty of 1949 led to the formation of this military alliance between the 26 member countries with the intention of combating the spread of communism. It now makes a

A latin term for ‘it is known by the company it keeps’, it is the concept that the intended meaning of an ambiguous word depends on the context in which it is

A foreign exchange account in a local bank in the local currency that is maintained by a foreign bank. A vostro account is the account that is applicable to local banks.

An arrangement between two correspondent banks that allows both banks to keep a local currency account for each other.

The best possible buyor sell order for securities wherin the broker is not held liable due to a failure to obtain the best possible price. The order is used as a substitute

An item that is mentioned in the contract only for reference purposes and as such has no bearing or relation to the contract.

When members of a community unite together to oppose the establishment that is not desired due to the hazardous nature of their activities, and sometimes against the establishment of institutions such as

A negative attitude that is used to shoot down constructive suggestions or improvements to a situation.

When negotiating a contract, it is the assurance from the vendor that the value of the property will not be less than the proposed value and the estimates that will be submitted

A statement on a bill of exchange which prohibits it from being transferred or traded. The statement reads ‘not negotiable’, except in the case of check where it can be made non

Refers to Unclassifiable insured usually on workers compensation rating manuals or liability manuals.

Items that do not meet the specifications of a set criteria or classification.

When the amount available in the drawer’s account is less than the amount stated on the check, the bank reserves the right to return the check to the depositor. When this occurs,

A policy that has been rejected or not claimed by the insured even though they are eligible for the policy claims.

When negotiating a contract, it is the assurance from the vendor that the value of the property will not be greater than the proposed value and the estimates that will be submitted

Refers to an individual belonging to the notary exercising his official authority. For example, the authentication of a document is guaranteed by the placement of the notarial seal on it.

A document which has been authenticated by the signature of the relevant individual and the signature of the notary public who acts as a witness to the signature. This document is then

The impression of the notary public stamp that is used by the notary public to authenticate and legitimize signatures and documents.

A system under which voters can give their consent or not on matters that were discussed by simply making a notation on the list.