Formal or informal distribution where members work together for best efficiency and economies of scale and eliminate conflict in channels of distribution.

When companies that make different elements of a product join forces. This is done when one company wants to control much of the process. Refer to conglomerate and horizontal merger […]

Social movement of a person down or up in status.

Web site serving as the point of entry to a niche market, area of interest or subject of interest. Also known as a mortal. See horizontal portal .

Competitor collusion to fix the price or to control supply of certain services and goods.

Publication focused on one industry or business. See trade publications.

Option strategy where a put or call option purchase will match one sold of the same class and date of expiry. Also known as perpendicular or price spread.

Lat. True; truthful; genuine; actual; real; just.

Faster variety of ADSL where speeds of 12 -52 million bits per second downstream and 1.6-19.2 Mbps upstream. Also known as broadband digital subscriber line, BDSL.

Oil tanker that carries up to 250,000 DWT.

They that are immediate lord aud tenant one to another. Cowell.

A ship, brig, sloop, or other craft used in navigation . The word is more comprehensive than “ship.” The word “vessel” includes every description of water-craft or other artificial contriv- […]

1. Confer right of legal ownership. 2. Confer legal authority, rights, power. 3. Designation of endowment of power, authority, rights.

The crop on the ground. Cowell.

Accrued; fixed; settled; absolute ; having the character or giving the rights of absolute ownership; not contingent; not subject to be defeated by a condition precedent . See Scott v. […]

Absolute, complete, consummate benefit with no conditions.

Agent commissions even if he no longer works for the insurer that come from renewal of business.

Right to the use of a future possession of a property.

Immediate right to possession and use of a property or interest in a property.

1. Possession, ownership right. See absolute interest . 2. Personal stake, expecting to gain underlying commitment to maintain or to influence an action.

A non- forfeitable value of retirement benefits.

the estate that is granted to a person to be enjoyed by them at a future time when a certain event occurs.

Right accrued to possessor with no conditions.

Lat. In the law of evidence , a vestige, mark, or sign; a trace, track, or impression left by a physical object. Fleta, 1. 1, c. 25,

Process where the authority privilege or right to interest or asset unconditionally passes to a body.