When the output of a process increases in small increments or goes down with increase of input. Declining ratios are inefficient. AKA decreasing returns to scale. Refer to economies of scale and

The planned removal or closing of a building or equipment.

When a degradable material is broken down into simpler parts by a natural process.

Separating a shipment that was consolidated. It is broken down into its original shipments for delivery. Refer to consolidated shipment and consolidation.

Taking hazardous substance from an employees body or equipment to prevent health problems and environmental risks.

When market prices for shares and bonds go in opposite trends. If low confidence happens than shares are dumped and bonds are better. It is the same for deflation to save income.

Inventory shared by two operations to prevent breakdown or unevenness for machines. It reduces output synchronization. AKA intermediate stock.

An industry where production costs go down as more businesses start up in the same industry. It happens due to supplies and processes that benefit from an economy on scale lowering whats

Anything made for a purpose or used to do a specific function.

The stock listed by par value. It is treasury stock.

Revenue from the government used for a specific purpose.

The amount or percent of an insurance claim that the insured is responsible for and the company deducts for payment. It can be voluntary but is usually given to the insurer to

A statement in a contract that shows deductible amount.

Reasoning from the general to particular elements for laws on an observed occurance. It is one of the three modes of thinking. AKA deduction.

An imported item or shipment value customs gets with the price paid for independent buyers in the country it came from for similar goods.

Transfering ownership from a borrower who is in default to the lender of the mortgage. It is done to prevent expenses with foreclosure.

A document a drawees bank sends stating that the bill of exchange was not paid. It is sent to collections.

A document where ownership of property is sold to a buyer. AKA transfer deed.

A limit written on a deed to restrict control, occupancy or property use.

The state of being endowed with substantial financial resources.