When an organization has an informal informational channel. It sometimes is faster than formal communication.

When a bill is made to collect on debt from another period. This is due to error or an eligible collection. It is best to avoid this.

The date on a document that is retroactive. AKA ante date. It is the opposite of post date.

A process where the BANK OF ENGLAND attempts to influence UK money supply indirectly by dealing in TREASURY BILLS through its own account, at market rates. See also FRONT DOOR.

1.the place that customers don’t get to see. Services are provided that are vital but go unseen. Refer to front end. 2. A commission an independent agent gets for sales they recruited.

A bit of land away from water or the road.

An agreement that lists obligatios and rights that are not on the principal agreement.

An additional section at the end of a book. It is placed after the main text.

Ideas of a business plan with out details. This is the big picture or a quick outline thought up on the fly.

The past wages and benefits an employee can get retroactively. This is illegal in court.

A requirement that retroactive compensation be denied by an employer. They were used in discrimination cases in the federal civil rights laws.

Agreements that are linked. Each agreement has the same terms.

The biggest network pipe with the most data traffic. It connects the main server and devices on the network. The size of the backbone is based on the needs of the company.

When a prediction is made based on an outcome and works backwards to the present.

When currency has value has value connected to another commodity like gold.

A computer or computers that do calculation heavy operations for corporations.

Adding new equipment to existing workings to make it last longer. AKA retrofitting.

A takeover where the buying company is now a subsidiary. This happens when the company bought is larger the the one purchasing it.

Pricing a product by using the finished result and working your way back. When inventory must be kept low this is the way costing is done. AKA backflush accounting.

The inventory left after orders are processed and the manufacturing needs are met. The parts used or bought are taken out of the inventory records to get an idea of what a