A sudden, dramatic, and important discovery or development, esp. in science

The goal at which an improvement must be made in all aspects of your business that results in a clear competitive advantage.

Assessment of the remaining assets of a company on winding up after all liabilities have been paid. Such assets are available for distribution to shareholders of the company.

Another word for blood alcohol level which is determined to measure someone’s legal limit to drive or operate a motor vehicle.

Insurance coverage for the damage, theft or loss of bred animals. A breeder’s insurance policy may also cover veterinary bills for animals in the event of illness or accident, as well as

Established the rules for commercial and financial relations among the world’s major industrial states in the mid 20th century. The Bretton Woods system was the first example of a fully negotiated monetary

Make (beer) by soaking, boiling, and fermentation or make (tea or coffee) by mixing it with hot water.

Used to denote a business that operates in the physical world rather than over the Internet.

A temporary LOAN granted by a BANK to a corporate or sovereign borrower, generally intended to be replaced by longerterm or permanent financing from the CAPITAL MARKETS. Bridge loans may be secured

A test to determine the hardness of metals and alloys by hydraulically pressing a steel ball into the metal and measuring the resulting indentation. The Brinell scale characterizes the indentation hardness of

Before or during a new issue, a statement by an auditor that a comfort letter previously published is still valid. A comfort letter is a statement indicating that, while a full audit

The official INTEREST RATES quoted for FORWARD RATE AGREEMENTS traded in the London market. BBA rates are quoted for various forward starting periods in the world

A British public service broadcaster, headquartered at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff. Its main responsibility is to

A traditional unit of energy equal to about 1,055 joules. It is approximately the amount of energy needed to heat 1 pound (0.454 kg) of water (i.e. exactly one tenth of a

A material is brittle if, when subjected to stress, it breaks without significant deformation (strain). Brittle materials absorb relatively little energy prior to fracture, even those of high strength.

One degree Brix is 1 gram of sucrose in 100 grams of solution and represents the strength of the solution as percentage by weight (% w/w) (strictly speaking, by mass). If the

A rule allowing a wide scope of information to be used in determining the ACTUAL CASH VALUE of property that has been damaged or destroyed and which is subject to a CLAIM

Policies that provide coverage for perils over and above standard perils.

Insurance coverage that extends beyond the basics to include rare events that may be of serious risk to the insured. This type of insurance usually requires that a higher premium, and often

An addition to a general liability policy. A broad form property damage endorsement eliminates the exclusion of property under the care of the insured. A higher premium is most often paid for