An optical device reads printed materials and transfer into digital format as electronic data input. Optical character recognition (OCR) technology is used.

An offset designed to use futures contracts to eliminate, reduce, or otherwise mitigate an entire entity’s portfolio-based economic risk. Also refer to micro hedge.

Superseded by CAMELS rating since 1994. Older evaluation-soundness measure of a bank. Management, asset quality, capital adequacy, risk-management, and operating results are evaluated.

Meeting aggregate demand with aggregate supply as a national economic conditional activity. Prices, employment and resources show impacts by significant movement on either side.

National or state-level economic factors. These influence the whole aggregated economy. Changes in employment levels, gross national product (GNP), and prices, be it deflation or inflation, are typical influences.

Using repetition and experience as how humans seem to learn. Using software whose operations mimic these methods, employing artificial intelligence techniques to enhance the ability of a machine to improve its own

International agreement for a single application to World Intellectual Property Organization (WIPO) sufficing to register a mark in all member countries and register service and trade marks under it.

Companies that do mail-order. Refer to mail order. Characteristics are a catalog or product list or website of available items. Consumers order by telephone, internet, or mail order and check together.

Sales method using some version of mailing to obtain the order. Generates inquiries and orders from advertisements in suitable media, including the Internet. Contrast to phone order. Buyers and sellers have no

A narrow rectangular magnetic strip. Bank cards, credit cards, and the like carry one on the back. Information retained on a magnetic stripe can be damaged or wiped out by a strong

Readily-available, products and services appealing to the general public. Contrast to a very selective subset of the public.

A program’s operation commands. Usually a compiled machine-native code. Also known as machine code. A computer, robot, or computer-driven machine recognizes these and executes them.

Drawings, facilities, funding, personnel, spare parts, technical data, test equipment, tools defined as resources available for required maintenance tasks.

Listed physical mailing addresses. Names, phone numbers, household income levels, and geographical location are typical data elements on the list. Used to send advertisements and relevant information to listed individuals. A company

Organization’s maintenance operations on three unique levels: (1) organizational level maintenance, (2) intermediate level maintenance, and (3) depot level maintenance. The scope of maintenance activity at each maintenance level requires equipment, facilities,

a type of construction bond that guarantees against defective materials or craftsmanship. This bond is good for a specified amount of time after the finished work has been accepted.

1. Descriptive term for the average working middle-class American. 2. Typically a city or town’s primary street.

Measured as one machine working for one hour. Not a labor hour. Used in mechanized production to apply overhead costs to work-in-process inventory. Necessary for cost accounting,