Any party that is a rival. It can be a company. It helps keep prices low and products efficient.

Identifying the competitions weakness and strength and using that your firm’s advantage in the market.

When an accountant is hired for their specialty rather than auditing skills.

A programming language processor whose job is to translate other languages into machine language. It helps programs run faster.

The state of being unmotivated to move position or attitude.

The product’s demand that is predicted by another similar product. AKA joint demand. Refer to complementary product.

When lenders give funds against one security and record it on the total loan amount.

An asset that is bought in amounts of more than one. An example of this is a tire. AKA complementary product.

How one product can be priced to get sales volume and stimulate another product. This recovers loss from any drop in price.

When different parties do what is in the best interest to sustain the relationship.

A service that comes with a product for support.

Transferring all assets of a company to shareholders assuming responsiblity for them. It helps pay off matters and debts.

A shipment tht is sent by a beneficiary of a L/C to fulfill its requirements.

Treating water with chemicals, flash mixing, coagulation flucculation, sedimentation, and filtration. This is done in stages.

Completing a task in more than one accounting period. It is considered in the total cost of finishing the job. The profits are uncertain. The profits are only present when the contract

Ethyl Alcohol that is not drinkable because methanol is added to it. It is expemt from the duty placed on a drinkable alcohol. Refer to specially dentaured alcohol.

An item that is in parts and need to be assembled. It is shipped based on space taken up.

When the project itself repays the loans. Before a contract is done the sponsor is the source of cash flow.

A fund set up for companies with schedules to finish but don’t have the funds to finish. Both building and entertainment industries are on these types of bonds.

A sponsor that promises a lender coverage on the risky phases of a project. They promise to finish on time and pay for over runs.