This fee is either flat-rate or percentage of the amount due. An account holder not making an account payment by the stated due date is assessed this monetary charge.

When clients enter mutual funds after the market is closed. This is illegal.

1. ending at manifestation of effects and beginning at first exposure to a hazardous substance. 2. ending at a computer/device-command’s execution and begun when the command was given. 3. Measured elapsed time

Defect in an item found after the delivery of the item, discovered through the normal use of the item. This defect type is typically not found through normal inspection/investigation techniques. The defect

A consumer expectation, desire or preference, that goes unsatisfied because acceptable goods or services wanted are not available or too expensive. Influencing the potential buyer to use available money in favor of

Amount of heat needed to alter the a material’s state, from solid to liquid or liquid to gas, but without an increase in temperature.

A potential market with ready consumers identified for a product or service not yet offered. Finding this potential helps a company move towards new products or services with building demand. The first

side-by-side hanging-file filing cabinet, displaying all file tags/labels at once. A lateral file cabinet is wide instead of deep. Contrast vertical shelf file.

Term coined by Maltese-born UK psychologist, Dr. Edward de Bono, in his 1970 book, ‘Lateral Thinking.’ Technique to generate Ideas and solve problems. New concepts-building looks for novel ways. Contrast logical, ‘vertical’

Submittal deadline a beneficiary of a letter of credit (L/C) has for required documents to receive the payment. If the L/C has no specified, either the L/C validity date or the date

Western Hemisphere designated member countries/areas where mainly Spanish or Portuguese is spoken. These include Mexico, Central America except Belize, and South America except French Guyana, Guyana, and Suriname.

A pricing model that uses an assets ending value and calculates backwards to manage the fund.

Converting illegal funds into legal by absorbing it into legal commercial cash flow.

Rapid enforcement of penalties imposed under criminal law drives firm dealing with instances of theft, violence, and disturbance of peace. Law enforcement agencies comply to limit their powers. Society, a vast population,

Company that involves itself in the business of law. Lawyers that work together under a specific firm name, may only focuses on certain kinds of law, deal with various general law cases.

Rules on agreements, oral and written, agency relationships, commercial paper, employment, and business organizations as a governing body of law.

Typical effect seen that lower prices stimulate demand and higher prices dampen it. Observation that, as a general rule, the demand for a product varies inversely with its price. Contrast to Giffen

A product’s demand by a consumer declines with each additional unit acquired or consumed. A perceived, psychological generalization on the value of, or satisfaction gained.

Economic concept: Increase one production factor, such as the number of workers, for example, leaving other factors, such as machines and workspace, for example, as is, output will lessen as a ratio

Behavioral observation: behavior, regardless how varied, is chosen for the expected outcome, be it satisfying, painful, rewarding, or losing. Pleasant outcomes brings repeated behavior. Unpleasant outcomes are less likely to bring repeated