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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

Problem Solving
The process of working through details of a problem to reach a solution. Problem solving...
Business Combination Statute
Anti-takeover legislation that generally requires prior approval of the board of a firm of the...
Bit-Mapped Graphics
Black and white and color graphics (such as those produced by illustration or ‘paint’ programs)...
Forecasting System
Set of techniques or tools required for analysis of historical data, selection of most appropriate...
Slotting Allowance
Alternative term for slotting fee.
Loss Assessor
Independent entity hired and paid by the insured (policy holder) to negotiate an insurance claim...
Cumulative Distribution
See cumulative probability distribution.
Interlineation
Addition of more words or sentences (between lines or in the margins) to an already...
Average Outgoing Quality Limit
In quality control, maximum average outgoing quality over all possible levels of incoming quality for...
Public Domain
Non-copyrighted intellectual property (such as computer software, designs, literature, lyrics, music) that can be copied...
Closing Sale
In futures trading, a sale made to close out a position.
Newton Meter (Nm)
Metric (SI) unit of torque (tendency of a force to cause rotation), used also as...
Customer Retention
An assessment of the product or service quality provided by a business that measures how...
Garbage-In, Garbage-Out (Gigo)
Computer industry axiom signifying that no matter how sophisticated an information processing system is, the...
Nominee Director
Person who acts as a non-executive director on the board of directors of a firm,...
Translation Exchange Gain Or Loss
Increase or decrease in net assets resulting when a balance sheet is converted from one...
Marketing Research Process
A set of defined stages through which marketing information is collected. Typical steps include: 1)...
Countervailing Power
Balancing of the market power of one group by that of another group. For example,...

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