Different areas in the LOB would view customers in different ways. Business glossaries ensure there is no miscommunication between departments by putting clear definitions that are applicable throughout the whole organization.

• The Great Recession and the years following it have brought business and financial terms more frequently to the pages of non-specialist newspapers.
• Special Events Center, The Performing Arts Center, and the Wildflower Center.
• Examples of special events include art shows, conferences, exhibits, festivals, weddings, and reunions.
• It also gives us information about the owners, subject matter experts, classification, and verification/validity status of the term.

Rating systems which attempt to grade or assess corporate governance quality. Rating systems might take the form of an index, where governance variables are quantified and the scores aggregated to arrive at a numerical value of governance quality.

Burn Rate

A business glossary must follow a standard structure. It should have a consistent hierarchy based on the general nature of data in the organization. The challenge is to keep the structure generic enough to incorporate glossary terms from multiple domains like finance, HR, sales, etc. A business glossary is a collection of unique business terms and definitions that helps understand the data assets’ key characteristics. It makes data discoverability easier for businesses because it consists of popular business terms rather than IT keywords.

Capitalization—a conversion of a single period of economic benefits into value. A strategy where multiple hedge funds, each with minority positions in a company, work together to force change on a target company. An issue of bonds derived from a pooling of like obligations that is differentiated from other issues especially by maturity or rate of return. Executive directors should not serve more than six years on the board. The appointment of independent directors to the board. The company adopts an “inside-outside model” which combines an internal horse race with an evaluation of the external job market to select the most qualified candidate from the total labor market. Guidelines that specify the minimum amount of stock that an executive is required to hold during employment, generally expressed as a multiple of base salary.

Clawbacks and Deferred Payouts

For specific advice applicable to your business, please contact a professional. Small Business Financing & Startup CostsSellers https://www.wave-accounting.net/ PermitCertificate of resale – this permit lets you collect sales tax from your customers which you, in turn, pay to the state.

The poison pill defense was first used in 1982 by General American Oil to prevent a hostile takeover by T. The defense was ruled legal in 1985 by the Delaware Supreme Court and subsequently has been imitated by numerous other firms. Amenities purchased or provided by the company, such as personal use of the company car or airplane, club memberships, or the purchase of a home or apartment. Required under Generally Accepted Accounting Principles reporting, where change in value is included in current net income even though the contracts specify that they cannot be exercised until expiration . The process of testing a hypothesis through real-world observation. Large sample statistical testing, field studies, and individual case studies are examples of empirical testing. The opposite of empirical testing is deductive reasoning based on theoretical principles.

RETURN ON INVESTMENT (ROI)

Assets are resources that businesses control, in which the owner expects assets to generate future cash flow. Examples include inventory, equipment, and land. A business glossary can prevent poor communication and unify the departments in your organization. A business glossary offers transparency and ensures that data and business terms are accurate and understood companywide. It’s also a useful tool for training new employees.

The person who has physical possession of a petty cash fund. Custodians are designated by the responsible person. Person at the federal agency whom approves the contract or grant.

It is called an ABC Agreement because it includes three possible options for the employee should he or she leave the firm one day. It’s a useful onboarding tool for new employees to learn the business vocabulary and refer back to moving forward. A sample business glossary can be downloaded from the attachments Glossary Of Business Terms at the end of this page. Top Of The Funnel — refers to the initial stages of the sales funnel, where the consumer is looking for answers to a problem that may involve your product or service. Click Through Rate tells you how many people are moving through your website toward purchasing your product or service.

• The area within the boundaries of the incorporated municipality in which a state employee’s place of employment is located.
• The process by which a company evaluates and reduces its risk exposure.
• Usually, they invest in exchange for part-ownership of the nascent company, or convertible debt.
• Set of accounting principles that dictate how companies are expected to record business transactions.
• Is the annual distribution rate used to ensure that the endowment’s distribution rate remains within a range of 3.5% to 5.5% of the Long Term Fund’s market value.

An official University of Texas entity, such as an academic department, administrative department, organized research unit, or project director responsible for a sponsored project. The percentage that is charged based on the taxable sale.

BUSINESS TERM DEFINITIONS

The shares held at a brokerage firm are registered under the name of the brokerage (“street name”), even though they are beneficially owned by the individual. Brokers are required to forward these shares to the beneficial owner and vote according to owner instructions. If the broker does not receive instructions within 10 days of the vote date, a broker nonvote is said to occur. New York Stock Exchange Rule 452 defines the situations in which a broker is allowed to use discretion in voting these shares and when he or she is disallowed. The treatment of broker non votes can be important in determining the outcome of closely contested proxy battles. The purposeful misapplication of generally accepted accounting standards in order to inflate reported financial results.

• Data Catalog Discover, understand and classify the data that matters to generate insights and drive business value.
• The likelihood and severity of loss from unexpected or uncontrollable outcomes.
• Existing shareholders bear the cost of backdating, because the company receives lower proceeds when the stock option is exercised.
• A price that is fair to both parties, considering the agreed-upon conditions, promised quality, and timeliness of contract performance.
• Similarly, a “busy” board is one in which a significant number of directors are busy.
• AI is becoming more common in business and production processes, as well as in our homes.
• Control mechanisms are put in place in society to deter such behavior by increasing the probability of detection and shifting the risk–reward balance so that the expected payoff from crime is decreased.

B2B transactions take place when a company sells goods or services to another company. Variable costs change proportionally to production.