Commercial form providing cover to truckers transporting goods for others.
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T
TRUCKLOAD (TL)
Volume of cargo that will fill the trailer of a truck.
TRUE
Conformable to fact; correct; exact; actual; genuine; honest “In one sense, that only is true which is conformable to the actual state of things. In that sense, a statement is […]
TRUE AND FAIR VIEW
Used in UK applying to an auditor making a decision on a firms accounting practices.
TRUE BILL
an agreement of a grand jury with a prosecuting attorney that an indictment needs to be made against the accused person. “true bill” is stamped on the document.
TRUE CAPACITY
Actual capacity of a machine, factory, process or production line to generate output under given constraints of material availability and a sustainable speed.
TRUE FALSE TEST
Test where all answers are either true or false.
TRUE GROUP INSURANCE
Policy of insurance for a group that is issued with master contract and insurance certificates and not policy contracts.
TRUE INTEREST COST (TIC)
Total cost annually of getting debt finance that is expressed as a percept of the total account of debt.
TRUE LEASE
Lease arrangement for many years where landlord retains ownership but the tenant keeps possession of the property for the lease term.
TRUE MAN DOCTRINE
a principle that says a person under attack ha the right to stand and defend himself with force and if the assailant is killed he won’t be considered guilty. See […]
TRUE VALUE
Amount the buyer is prepared to pay for an item.
TRUE VERDICT
the verdict where each juror has duly considered the case and come to their own conclusion without any persuasion or outside influences.
TRUE-UP
Ensuring that totals for each line item match with the credit and debit accounts.
TRUETYPE FONT
Computer type looking the same as on the screen when it is printed.
TRUNCATION
1. Accounting. Leaving off digits that lie to right of a decimal point. 2. Banking. Shortening processing time of cheques. 3. Computing. Cutting off the last string number as it […]
TRUNCATION ERROR
Error caused by leaving off decimal point digits and rounding the number. For example 99.987 becomes 99.98 or 99.9.
TRUNK
Common telephone circuit connecting 2 switch systems, one at the exchange anode at the person calling.
TRUST
1. An equitable or beneficial right or title to land or other property, held for the beneficiary by another person, in whom resides the legal title or ownership, recognized and […]
TRUST ACCOUNT
1. Account where the bank or trust company is holding funds for insurance premiums or property taxes. Also known as escrow account .2. Trust agreement established savings account .
TRUST ACTIVE
a trust where the trustee participates in handling the assets by selling and buying property or securities etc,
TRUST AGREEMENT
Formal agreement where a trust or will vest ownership rights to one or more assets to one or more trustees to conserve and protect on behalf of trust beneficiaries.
TRUST AND COMMISSION CLAUSE
Clause allowing the purchase of insurance for an individual ‘s share in another person’s property.
TRUST BANK
Bank in Japan combining functions of trust company , depository in situation and a commercial bank .
TRUST CHARITABLE
the term given to a trust that benefits the public, is a non-profit organisation.