A summary of the benefits and coverage (plus exclusions and premiums) of an insurance policy. This outline is not all-inclusive, and will only contain some of the information from the main policy

An initial set of specifications, upon which more detailed specifications are based later in the design process.

An estimation of how long it will take a company to spend the revenue generated during an accounting period.

A call option that is higher than the asset?s market price, or a put option that is lower than the asset?s market price.

A patient who does not reside in a hospital, but who travels to hospital to receive treatment.

A market analyst recommendation that means a stock will generate slightly better returns than the market as a whole.

The means by which a company helps recently laid off employees find alternative employment. Typically involves the commission of an outside agency, paid for by the company doing the laying off.

Facility that is far from the main plant.

1. Products, services, work or energy that is produced by a company, machine or individual in a given period. 2. Computing: Information suitable for transmission from a computer to external devices; transferring

Purchase agreement that obligates a buyer to purchase (at fixed prices) everything a supplier produces during a fixed period.

A computer peripheral that converts computer output into forms that can used directly (e.g. printer) or with another device (e.g. a DVD writer).

The gap that exists between the actual GDP of a country and the GDP of the country at maximum capacity or efficiency. A negative output gap suggests improper allocation or use of

A quantifiable result of an activity or process.

A measurable standard that expresses the amount of energy, work, goods or services a process should produce in a given period.

The delegation of non-core activities to outside agencies and contractors. Called contracting out, this allows businesses to benefit from specialist skill sets without paying for an in-house team, and it enables companies

Additional work discovered during the completion of a contract that falls within the scope of the project, is necessary for the project to be completed, but is not covered by the terms

A situation in which a company has generated too much capital. This devalues the company?s assets and earnings become insufficient to pay dividends and interest. This problem is usually solved by buying

An individual whose insurance coverage is worth more than the item(s) being insured.

1. Retailing: A drug or medication that does not require a doctor’s prescription. 2. Securities: Unlisted US securities (usually unlisted because the issuer does not meet the exchange?s requirements).

1. UK: In the absence of a US-style OTC market, unlisted securities are traded through the London Stock Exchange’s (LSE) Alternative Investment Market. 2. US: The largest securities market in the US.