Applying an amount of overhead costs that reflects the expense of producing goods or services.

A combination of direct and fixed labor costs involved in the manufacture of a product.

Ongoing expenses incurred by the day-to-day running of a business. Includes utilities, rent and subscriptions.

Calculated by dividing overhead costs over a given period by production activity.

The amount of revenue that must be generated to cover the daily cost of manufacturing.

Situation in which an economy’s production capacity fails to meet the demands of the market, which can cause or exacerbate inflation.

Occurs when spending money to improve a property is no longer the best use of the property, or is too expensive when compared to the cost of improving other properties.

Liability acquired by a local government body in partly or fully financing programs or projects that fall under the jurisdiction of other government bodies.

Repetition of learning beyond the amount required to retain the information.

A company that can no longer manage its expenses, due to excessive costs.

The amount by which an insurer has exceeded its usual capacity (or has committed beyond its usual capacity).

To place demands on a piece of equipment or a system that are in excess of its capacity, typically resulting in damage to equipment or system collapse.

1. Trading in a foreign market when the local market is closed. 2. The time between today?s check-in time and tomorrow?s check-out time in hotels.

A delivery that is guaranteed to arrive at its destination the day after it ships.

The risk that a seller in a different time zone might not fulfil their obligation, which the buyer will only discover on the following trade day. The greater the time zone difference,

These are the interest rates charged by one bank to another for providing funds overnight.

An outer container that protects one or more inner containers.

A legal process that converts interest in one asset to interest in another.

1. The income from commissions received by a sales manager, based on the total sales made by his or her subordinates. 2. The payment of fees by a seller to a broker

This commission is paid to a primary agent for sales made by subagents in his or her territory. It may also refer to the amount owed to the owners of an acquired