Measurement of time spent completing an activity, job, or task. Calculated as total of calendar days excluding holiday and other non- working days used.

Ability of an object to bend, contract, or stretch without permanent deformation . Capability of withstanding pressure or stress. Know also as elasticity and elastic limit .

Point beyond which deformity will permanently occur. Condition of maximum pressure or stress put on a piece of material.

Ratio calculated as the pressure or stress on a substance versus the ability to resist or strain to maintain integrity. Longitudinal stress to strain, is Young’s modulus. Fractional decrease in […]

Supply capable of increases or decreases as demand and price of a good or service increases or decreases. See also elasticity of supply .

1. In Economics, this is the measure of responsiveness to an increase or decrease in its price or capability of a good or service to demand and supply of a […]

The amount of change in demand for a good or service when its price changes. An example is a sales increase coinciding with a drop in prices and sales decrease […]

How buyers of a good or service to a substitute’s price changes. To what degree can two similar goods or services substitute for each other, based on price changes. Measured […]

Producer response to price change for their goods or services. Typically, a prices increase means an increase in supply.

Company response to a price change for an input substitute. To what degree can two inputs substitute for each other, based on price changes. Measured as a ratio; scale of […]

Synthetic rubber-like material. Bends, stretches, twists, or deforms easily, but easily returns to original dimensions and shape at room temperature .

An area of the YIELD CURVE that is deemed to be financially attractive (i.e., CHEAP) and where profits can be generated by simply ROLLING DOWN THE CURVE .

A distinguished body of men, elected as masters of TrinityHouse, an institution incorporated in the reign of Henry VIII., charged with numerousimportant duties relating to the marine, such as the […]

A title of earlier date, but coming simultaneously into operation with a title of younger origin, is called the ” elder title ,” and prevails.

Tax credit for people of age 65 or permanently disabled and retired, and qualify on income. Cannot cause a refund. Claim the credit by filing a Schedule R with Form […]

He or she who has the greatest age.The “eldest son” is the first-born son. If there is only one son, he may still be describedas the “eldest.” L. R. 7 […]

1. To select a choice from among more than one. An example: choosing one proposal from many for action. 2. In politics, it means, to select someone to hold an […]

The word “elected,” In Its ordinary signification , carries with it the idea ofa vote, generally popular, sometimes more restricted, and cannot be held the synonymof any other mode of […]

The domicile of parties fixed in a contract between them forthe purposes of such contract. Woodworth v. Bank of America , 19 Johns. (N. Y.) 417. 10 Am. Dec. 239.

The act of choosing or selecting one or more from a greater number ofpersons, things, courses, or rights. The choice of an alternative . Slate v. Tucker, 54 Ala.210.The Internal, […]

In English law . Officers annually appointed, to whom was committedthe duty of taking and publishing the account of all expenses incurred atparliamentary elections. See 17 & IS Vict. c. […]

A subdivision of territory, whether of state,county, or city, the boundaries of which are fixed by law , for convenience in local orgeneral elections. Chase v. .Miller, 41 Pa. 420; […]

A name sometimes given to the provision which a law or statutemakes for a widow in case she “elects” to reject the provision made for her in the willand take […]

In English law . Judges of the high court selected in pursuance of 31 & 32 Vict. c. 125.

Petitions for inquiry into the validity of elections of members ofparliament, when it is alleged that the return of a member is invalid for bribery or anyother reason. These petitions […]