A property owner that rents or leaves their property vacant. They have not abandoned it. This individual is considered an absentee owner .

Absentee landlord is another name for this.

This occurs when an employee consistently is absent from work. Seldom does this individual have a valid reason. However, if valid reasons are given the absence does not qualify as […]

Something that is unconditional, final, complete and without any restrictions or conditions.

The unqualified and the total agreement in accepting a liability or a responsibility .

A country who can more efficiently generate a good or service than another. This is a big advantage in business. This theory was first suggested by the UK economist Adam […]

A transfer between two parties where all benefits are exchanged without any stipulations. Collateral assignment is another term for this.

An auction that has no reserve and where the highest bidder receives the item being sold.

A deed transferring the title of property from one person to another without any conditions.

A competitive edge that allows another firm or country to obtain, reinvent, and create a good or service with lower cost. This also minimizes waste. This is also called acquired […]

The final and total power of acting on your own judgement.

A divorce that is total and final where the husband and wife return to being single.

An error expressed without any indication as to whether or not its positive or negative.

Any land, real estate or building that the owner has total control over, possession of and the right to disposal.

This occurs when a number of trials collected during the same time period . The data is organized by frequency.

The agreement where the borrower guarantees absolutely that the repayments will be made on the loan or the contract where one party absolutely agrees to pay due monies.

The density of water vapor per air volume. It is expressed in kilograms per cubic meters.

A clear profit or advantage. There are no stipulations placed on them. Vested interest is another term for this.

Any law that follows the rules of nature and a law that is changeless. It may be an absolute law but in an abstract sense and not always exercised in […]

Liability that is determined to be against the public good or negiligent on behalf of a company or parties action. Any party that is assigned absolute liability may have to […]

Illegally interfering with another person’s enjoyment and using their property. Doing an unlawful wrong to a person when the wrong can be corrected by the wrong doer.

Right or property in a thing is transferred, free of any condition or qualification , by which it might be defeated or changed; as an ordinary deed of lands, in […]

A pardon that has not got any conditions.

This is a theory used in quality control that is not achievable in reality. It is used to measure progress towards efficiency.

The end of a life time of a physical object. It occurs when the value becomes zero or it becomes obsolete. This is used in the measurement of risk in […]