Advantage, profit, right, or share that (unlike a contingent interest) is not subject to any condition. See also vested interest.
Alternative term for strict liability.
Alternative term for pure risk.
Complete internet address that takes one to the exact directory or file of a website. Also called absolute link. See also relative URL.
Statement of what a scholarly or complex written work contains, presented as a summary usually by someone other than the author of the work. An abstract aims to present only the gist of the subject matter, stresses brevity, and makes no attempt to preserve the flavor or style of the original. See also abridgment, digest, outline, précis, summary, and synopsis.
Alternative term for abstract of title.
Litigious action that is obviously in bad faith (such as one meant to delay the delivery of justice), frivolous, or vexatious (see vexatious action), and which is therefore either dismissed or stayed by the courts as misuse (abuse) of the legal process.
Termination of the contract of employment which, while correctly following the legal procedure, is nevertheless an abuse of managerial power in its harshness, unfairness, or vindictiveness. Such abuse of power is in itself illegal in many countries. See also unfair dismissal and wrongful dismissal.
Risk management technique appropriate where the cost of managing the risk is acceptable because the risk level is insufficient to justify the cost of risk avoidance.
Level of authorization to read and/or modify a record or datafile.
Extent to which a consumer or user can obtain a good or service at the time it is needed.
Amount billed for additional, supplemental, or special services provided, usually as a flat fee.
Supplemental or special services provided in addition a basic service.
Bank account or credit account with frequent or regular transactions.
Customers who have bought a firm's products at least once in a 12 month period. Active customers are more likely (than the non-active or occasional customers) to buy again.
is the collection of a check by the bank on behalf of a depositor.
is the verification of a bank statement balance and the depositor’s checkbook balance.
A banker or bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money.
A branch, banking center or financial center is a retail location where a bank, credit union or other financial institution (and by extension, brokerage firms) offers a wide array of face to face and automated services to its customers.
shows the average length of time items are in inventory, i.e., how many days a business could continue selling using only its existing inventory. The goal, in most cases, is to demonstrate efficiency through having a high turnover rate and therefore a low days’ inventory. However, realize that this ratio can be unfavorable if either too high or too low. A company must balance the cost of carrying inventory with its unit and acquisition costs. The cost of carrying inventory can be 25% to 35%. These costs include warehousing, material handling, taxes, insurance, depreciation, interest and obsolescence. Formula: Inventory / (Net Revenue / 365)