1. To select a choice from among more than one. An example: choosing one proposal from many for action. 2. In politics, it means, to select someone to hold an office or

Chosen coverage or payments as a part of insurance or employment. Choice can also be for how the benefits are applied when use of the benefit occurs. Payments can be lump sum

Choices collective in a plan allowing the benefit to be deferred to a later date. Example is policyholders deferring payments into a retirement plan.

Special resolution having 100% agreement by the stockholders or shareholders of a firm. Called for at annual general meetings (AGM).

In place of their inheritance the surviving spouse can claim a part of an estate. Also called statutory share, widow’s share, forced share.

1.Energy generated by a pattern of oscillation of electrons and protons. A type of energy. A source of power used to provide light, heat, or energy for devices such as computers. 2.

A type of furnace that uses graphite electrodes to melt scrap iron and steel that is often mixed with DRI pellets. Furnace can be AC or DC powered. See also induction furnace.

A measurement of a unit of power. It is equal to 746 watts, where a watt is joules per second or 550.22 foot-pounds per second (fps). It measures to be slightly higher

A company that is categorized as a commercial entity. This entity generates, transmits, and distributed electric energy. Its distribution is it sale to general public and/or industrial consumers. The company owns and

A clause stating that only fire caused by electrical current and causing damage to appliances is covered.

Caused by the movement of electrons in a conductor from positive and negative points. A type of energy. Used for providing power to buildings, electric devices, and even some automobiles. Several people

An OVERTHECOUNTER SWAP involving the exchange of fixed and floating electricity prices based on the average level of a recognized electricity pool or pricing index; transactions are often settled monthly or quarterly

Condition where electronic equipment and systems to operate without causing or suffering unacceptable degradation in output or performance when in close proximity to electro-mechanical devices, .

Area where an object experiences a force or the effect of electromagnetic radiation (EMR). Typically experienced around electromagnetic devices and power lines.

A form of radiant energy. Generated by accelerating electrons or photons. Manifesting as waves traveling or as rays emitting. Examples of rays are gamma, infrared, radio, ultraviolet, visible light, and X-rays. Long-term

Something employing low-voltage current and solid state integrated circuits or components. Typically a device or technology for transmission and/or processing of analog or digital data. See also electronics.

Paying bills through a computer or telephone. Typically an online facility or service by some banks or merchants for its customers. Known also as electronic bill presentment and payment.

A process of billing and collecting from customers through the use of the Internet or any other form of electronic communication. The billing may be done directly by the firm through its

Online execution of business processes. Conducting day-to-day business functions by internet or other electronic networks. An alternative online processes is electronic data interchange (EDI). Collaboration with distributors on sales promotions, interaction with

A check-paying bank receiving electronic transfer of check information. The use of electronic check presentment in order to speed up the check clearing process is now allowed due to the Check Clearing