Covers any obligation incurred by the guarantor. Enforced by anyone to fulfill an obligation as a written undertaking.

A chronological record of an entity’s financial transactions that are a part of other, special journals, or where no special journal exists. A common type of journal used in record keeping.

A debit or credit recorded in the general journal as a transaction.

Provides financial statements data for the entire organization. Summarizes all financial transactions recorded and sorted in subsidiary ledgers covering an accounting period. Central repository of an organization’s accounting information. Known also as

A general lien applies only to personal property in the US. Covers the goods or property that gives rise to the debt as well as all the goods or property of the

Another name for chief operating officer (COO).

Warehouse whose environment does not requiring controlled hot or cold; suitable for merchandise.

Outranked by one or more senior bonds this bond is secured on the assets of the issuer by a blanket charge .

Storage facility for goods not yet been bonded through Customs for legal entry into the country, but have arrived in the United States. Items can be in the warehouse for up to

Specific cost area, job, or task tracked in this ledger account holding unassociated labor and nonlabor expense records.

Communication technology based on Global System for Mobile Communications (GSM) standard. Europe’s packet switched non-voice wireless data. Introduced in 2002, it transmits intermittent data transfer of about 500 octet size in short

Two or more co-owners as general partners in an unincorporated business. Jointly and severally liable all partners for the firm’s obligations. As each general partner is bound by the actions of the

Insurance, medical, payroll, personnel, and security services not confined to any department or function, applicable to the entire firm.

Seeking to extract concessions, this type of labor stoppage tries to paralyze a country or regional economy. Far-reaching labor stoppage in most or all industries. Rare in developed countries. The last one

Another name for generalized system of preferences.

Applicable to both domestic and imported foods, this is a claim for a substance added to or contained in food, as being safe and exempt from food additive tolerance requirements. This is

Differences between older and younger age groups. Technological advances often widened these gaps. Opinions, tastes, beliefs, and other social and cultural norms are the basis of these differences.

A person two generations or more below the owner receives property inheritance.

Often described as cynical or disaffected people, this is a label for those born during the 1960s and 1970s. Often shortened to Gen X. With an increased understanding of technology by growing

Born during the 1980s and early 1990s, this group of people’s name is based on the generation that preceded them, Generation X.