When an employee and brokerage firm do business this is the resulting contract. It is done in the form of an outline that lists the rights of the firm. This […]
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ABC ANALYSIS
A systems analysis of items in order of importance that should be handled differently. This form of Pareto analysis in which the importance is listed by ‘A’ items are very […]
ABC INVENTORY CLASSIFICATION
The Pareto analysis as related to inventory control. There are three categories for the items in question. This is based on their revenue generation , turnover, or value. Typically this […]
ABDICATE
Disowning, relinquishing completely and to renounce.
ABDUCTION
A criminal offense . The taking by force or strong persuasion of a wife, husband, child or other person.
ABDUCTIVE REASONING
A reasoning methodology that uses common facts that are accepted as true and using them to build your argument.
ABEND
An abnormal or abortive end to a computer program. This system crash is usually caused by a glitch or a memory overload.
ABET
Refer to aid and abet for further explanation .
ABETTOR
The person promoting or instigating the performing of a criminal act . See instigation .
ABEYANCE
The status of real estate ownership when no clear owner is present and must be determined.
ABEYANCE IN
Being in expectation . An estate will be in abeyance when there is no one to claim it. The law does anticipate that the heir will be found and the […]
ABILITY
1. Human Resource Management : A natural capacity of an individual to complete the task at hand. Refer to the definition of aptitude. 2. Law: The ability to agree and […]
ABILITY TO PAY
An individuals ability to manage their disposable income to pay a tax or loan. This is called capacity and is a deciding factor in loan decision. It is also called […]
ABILITY TO PAY PRINCIPLE
A principle in economics that those with more wealth should pay higher taxes. This balances those with a lesser income who cannot afford to pay as much.
ABILITY TO PAY TAX
Refer to the definition of pay principle for clarification.
ABILITY TO PERFORM
Ability to perform ensures that both parties in a transaction have the financial capacity to complete a transaction. Companies and individuals with higher credit ratings have a higher ability to […]
ABILITY TO REPAY
An individuals ability to repay a debt. This term also extends to borrowing institutions. This is a key factor used in the lending decision.
ABILITY TO STAND TRIAL
Being able to physically and mentally able to defend yourself in court. The ability depends on medical findings done by consultants appointed by the court.
ABILITY TO SUPPORT
Having the capacity to make enough money that will enable to support a dependent or to have sufficient property that funds for support can be provided.
ABILITY-TO-PAY TAXATION
A progressive tax theory that suggests the tax should be based on ability to pay .
ABIOTIC
A non-biological element that has an affect on the ecosystem. The opposite of a naturally occurring environmental element.
ABJUDICATE
Using a court decision to deprive by a judgement of the court. To take away by an adverse court decision.
ABJURATION
Taking an oath that will give up a right already had such as pledging an allegiance to a new country by giving up the right of allegiance to another country.
ABLE-BODIED
A person who is capable of serving in the military. It does mean that there are no defects but that a person is able.
ABNEGATE
Giving something up or to renounce.