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Business Dictionary for 21st century

In Business Dictionary you can find all the definitions of the terms used in the business world.
Business Dictionary has a database with over 27,000 terms.
Here you have all the information and definitions to understand the business world of the 21st century.

Some terms highlighted in our dictionary

Trailing Return
When an investment is compared against another investment for a specific time period to see...
Event Anomalies
Situations or conditions that create an opportunity for an abnormal return. Situations such as a...
Proprietary Format
Exclusive manner in which software published by a particular firm accepts or outputs data. This...
Filtering
Selective presentation or deliberate manipulation of information to make it more acceptable or favorable to...
Netting
Settlement of mutual obligations between two parties (called bilateral netting) or with a third party...
Direct Material Usage Variance
The difference between the amount of material that was required to make a product and...
Quality Auditor
Independent and accredited third party with certified qualification to perform quality audits.
Exit Option
An option included in project planning whereby, if certain developments occur, a project can be...
Pre-Consumer Materials
Materials that do not reach the intended use or user, and are discarded or recycled.
Cost Pool
Alternative term for cost center.
Secondary Financing
Second-mortgage loan on an asset or property over which the first-mortgage takes precedence.
Autocorrelation
Situation in which a time series data is influenced by its own historical values, such...
Objectivity Concept
An idea that accounting decisions should be made independently of biases and subjective methods and...
Internet Protocol (Ip)
One of the two most important protocols (written together as TCP/IP) that make internet possible....
Worker Compensation Insurance Expense
The amount a company allocates to cover costs associated with claims related to an employee’s...
Stop Work Order
Client’s or customer’s formal notice to a contractor to cease or hold work on a...
Open Ticket
Travel ticket with no fixed travel dates or times, but a fixed validity period.
Job-Aids
Devices or tools (such as instruction cards, memory joggers, wall charts) that allows an individual...

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