picketing that is violent or riotous in nature and doesn’t serve its proper purpose or a dishonest picket that distorts the facts in a labour dispute.

The term is commonly used in indictments for statutory crimes , to show that the act constituting the offense was in violation of a positive law , especially where the […]

a lease to drill for oil or gas that will terminate unless drilling starts by a set date.

System where commissions are based.

When the company uses funds from the company to buy investments so as not to borrow from other sources .

Way to measure risk of the overall market with an unlevered company.

A firm’s cash flow shown to investor’s as a measure of performance that doesn’t take into account interest payments on debts outstanding .

a term that applies to the total and unrestricted complete authority.

When personal assets are used to absorb business failure . Refer to piercing the corporate veil .

Privately owned company where the owner(s) accept all personal and unlimited liability for obligations and debts in return for the avoidance of double taxation . Also known as an Unlimited […]

Car rental program where mileage is not charged for.

Municipal bond backed by raising taxes to repay the debt.

Part of human nature where we want many things but are unable to afford them all.

Not ascertained in amount; not determined; remaining unassessed or unsettled; as unliquidated damages . See DAMAGES.

Budgeted amount that is not yet utilized or committed.

Financial commitment that’s outstanding the date a financial statement is prepared.

Money determined by a court for compensation for contract breaches. The sum is not determined before hand. See damages.

a demand for damages where the price has not been set yet.

Incurred obligation that has not been paid for as yet.

Phone number that is not found in a directory or by calling enquiries.

Ordinary shares or securities not traded on an official exchange.

A term used In maritime law to designate the unloading of cargo of a vessel at the place where it is properly to he delivered. The Two Catharines, 24 Fed. […]

1. Off loading goods from the container or vehicle that delivered them. 2. Selling goods in order to be rid of them at a lower than usual price.

a term that means a person is not yet married.

A portfolio with different maturity rates. It increases the risk exposure but also increases profit possible. Refer to gap, gapping, matched book , open book, and mismatch.