Undistorted, immediate, and simultaneous two-way data or voice transmission . All parties online can talk at the same time and be heard together in the telephone conversation . Contrast to […]

Condition of all eligible people wanting want having work at prevailing wage rates. It is not 100 percent employment as down-time, frictional unemployment and seasonal factors exist. A state of […]

The state of complete and timely satisfaction of all obligations by a company, sector, or government. Leads into unfettered borrowing and taxing power of a government, printing money to pay […]

Another name for general obligation bond .

Documented payment of un-discounted fare. Little or no penalty typically occurs if canceling or changing flight time or route.

An INSURANCE contract where the INSURER provides the INSURED with complete coverage of a RISK exposure in exchange for a larger PREMIUM. It can be considered a contract of maximum […]

Beneficiary able to draw full invoice amount rather than partial value. Documented as a notation on a letter of credit .

This term applies to the authority to hear, try and decide a case.

Sometime illegal stance of Producer or supplier insistence that a dealer carry a full product line range. Not considered illegal if business need reason is legitimate .

Retailing a product family with relative prices and package discounting the line. Also refer to product family.

Responsibility for all maintenance and service charges for auto or equipment repair belongs to the lease lessor.

the term used when a total pardon has been given and the person who was guilty is restored as if he had never committed an offense.

the insurance company statement that details all of the particulars of an accident.

No-loss lease. Leased asset or property seller or owner or lessor recovers the full cost of the item. This includes the original cost plus profit margin , interest, and other […]

Print advertisement surrounded completely by reading or editorial content. Placement condition.

A life insurance contract with first-year optional reserve. The reserves are conditioned in subsequent to be fully recovered.

A LOAN with repayment that may come from the proceeds of the project/ASSET being financed or the sale of specific COLLATERAL, or from the resources of the borrower if project/ […]

Commercial insurance requirement for periodic (annual) reporting of asset value to the insurer by the policyholder. Coverage sufficiency for the asset is assessed for potential loss. A failure-to-report-accurate-value penalty is […]

Total- service provider firm or person, Executing orders, and giving investment advice are typical services. Basing research on specific items can be an additional fee. Contrast discount brokers.

Architecture , engineering , inspection , management, procurement , and waste disposal are a partial list of services provided with a firm or person who provides such a contract. One […]

Typically has a restaurant attached to it. Also refer to full service restaurant .

The lessor provides periodic maintenance and breakdown repairs services under this leasing arrangement . Also refer to operating lease .

(1) cash and credit card retailing, (2) supplier merchandising and promotion support, (3) its own sales force , (4) its own market research , and (5) presale, installation , and […]

Provides complete and varied breakfast, lunch, and dinner menus, along with a wide selection of foods and beverages, and table service.

Entity that provides a trained customer-oriented, informative sales force along with a wide range of wanted goods at highly competive retail prices.