Helpful terms

We’ve put together a list of terms we find helpful together with accompanying links to help you as you go through your business improvement process.
Accounts (114)

allocate definition or meaning

An allocation is where two or more accounting transactions are allocated against each other. This may be perhaps a payment to a supplier or a reconciliation of an account

Category: Accounts

balance forward definition or meaning

Previous balance on an account which is carried forward over to the next billing period.

Category: Accounts

batch definition or meaning

A quantity or consignment of goods produced at one time or to arrange things in sets or groups.

Category: Accounts

definition or meaning of best and final offer

Term used in bids to indicate that no further negotiation on the amount or terms is possible. BAFO is issued often in response to the request a customer sends to the contractors or suppliers whose bids are within a close range of one another.

Category: Accounts

definition or meaning of billback

A cost recovery system in which the client or payer is charged a percentage of the total cost of equipment, services and venues of which they have already used.

Category: Accounts

definition or meaning of burden rate

The indirect costs that are associated with either employees or the inventory of the company.

Category: Accounts

cash discount definition or meaning

An incentive in the form of a percentage or fixed amount discount offered by a seller to a buyer for paying an invoice ahead of the scheduled due date.

Category: Accounts

explain what a commitment report is

You can report the total costs of a project by reporting the committed costs along with the actual costs. Committed costs are the outstanding requisitions and purchase orders charged to a project , which are not yet invoiced.

Category: Accounts

control account definition or meaning

A account used to record the balances of a number of subsidiary accounts and to provide a cross – check on them.

Category: Accounts

controllable spending definition or meaning

Costs over which the company has full authority

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cost object definition or meaning

A project or department for which costs are accumulated or measured.

Category: Accounts

explain cost performance index

A measure of the financial effectiveness and efficiency of a project. It divides the budgeted cost of work completed ,or earned value , by the actual cost of the work performed.

Category: Accounts

cost plus definition or meaning

A method of establishing a selling price in which an agreed percentage is added to the cost price to cover profit.

Category: Accounts

explain credit memorandum

Document issued by the seller of goods or services to the buyer, reducing the amount that the buyer owes to the seller under the terms of an earlier invoice.

Category: Accounts

explain credit memos from the bank

A note a financial institution sends a client, informing the customer about an incremental change in account balances. Generally good news.

Category: Accounts

explain cross price elasticity

The responsiveness of demand for good X following a change in the price of a related good Y.

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explain declining balance depreciation

A method in which a constant rate of depreciation is applied to an assets declining book value each year.

Category: Accounts

definition or meaning of balance depreciation formula

Declining balance method =( Net Book Value-Residual Value)*Rate of Depreciation(in *)

Category: Accounts

definition or meaning of balance method

An accelerated depreciation method that records large depreciation expenses during the earlier years of an asset’s useful life, and smaller ones in later years.

Category: Accounts

definition or meaning of agi

Artificial general intelligence. The intelligence of a machine that could successfully perform any intellectual task that a human being can.

Category: Accounts

definition or meaning of arrears

Money that is owed and should have been paid earlier.

Category: Accounts

definition or meaning of blanket

A blanket purchase order is a contractual arrangement between a buyer and a supplier, for the supplier to deliver goods and services to the buyer, at a pre- set price, for a period of time.

Category: Accounts

definition or meaning of commitment

Earmarking or setting aside of funds in response to a purchase requisition.

Category: Accounts

definition or meaning of conversion factor

The manufacturing cost of a product relative to the cost of raw materials.

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definition or meaning of demand schedule

Tabulation of the quantity of a good that all consumers in a market will purchase at a given price.

Category: Accounts

definition or meaning of direct deposit

A deposit of money by a payer directly into a payee’s bank account.

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definition or meaning of dunning

The process of methodically communicating with customers to ensure the collection of accounts receivable. Communications progress from gentle reminders to more demanding and firmer collection options.

Category: Accounts

definition or meaning of flex

A flex budget itemizes different expense levels depending upon changes in the amount of actual revenue.

Category: Accounts

An individual article or unit.

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definition or meaning of rebate

Return of a portion of a purchase price by a seller to a buyer after the payment of the full invoice amount.

Category: Accounts

definition or meaning of retainer

A fee paid in advance to someone to secure their services for use when required.

Category: Accounts

definition or meaning of retention

Payment for a service or product that is withheld pending the completion of some specified condition.

Category: Accounts

definition or meaning of withholding tax

An amount that an employer withholds from employee’s wages and pays directly to the government.

Category: Accounts

depreciation expense formula definition or meaning

The annual depreciation expense equals the cost of the asset minus the salvage value, divided by the useful life (number of years).

Category: Accounts

double declining balance definition or meaning

A form of accelerated depreciation.

Category: Accounts

what is a double declining balance calculator

Calculate double declining balance depreciation rate and expense amount for an asset for a given year based on it’s acquisition cost, salvage value and expected useful life.

Category: Accounts

expain double declining balance depreciation

Expenses are recorded in the same period as the revenue that is earned as a result of those expenses. So when a company purchases an expensive asset that will be used for many years, it does not deduct the entire purchase price as a business expense in the year of purchase but instead deducts the price over several years.

Category: Accounts

explain double declining balance formula

Divide 100% by the number of years in the asset’s useful life, this is your straight -line depreciation rate. then multiply that number by 2 and that is your Double Declining Depreciation rate.

Category: Accounts

explain dunning notices

A collection letter sent to defaulting debtor demanding payment by the creditor.

Category: Accounts

earned revenue definition or meaning

Revenue a company derives from it’s operations.

Category: Accounts

explain eremit

A online secure global money transfer service for business.

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what is estimate at completion

The forecasted cost of a project as the project progresses.

Category: Accounts

exponential smoothing calculator definition or meaning

Exponential Smoothing is used to forecast the business volume for taking appropriate decisions. This is a way of ‘Smoothing’ out the data by eliminating much of random effects.

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finance charge definition or meaning

Any fee representing the cost of credit, or the cost of borrowing.

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who are first sun finance

First sun finance is a loan company will several branches across the US.

Category: Accounts

fiscal period definition or meaning

Accounting period of a particular duration.

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explain forecast error

The difference between the actual or real value of a product and the predicted or forecast value.

Category: Accounts

definition or meaning of functional currency

The main currency used by a business or unit of business. The currency of the primary economic environment in which the company operates.

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explain geo tax

Tax authorities have jurisdiction over sales tax in a specific area. The address’s geographic area determines the tax jurisdiction and as a result the tax to be paid and the authority it is payable to.

Category: Accounts

what is a gl code

A number used to record business transactions in the general ledger

Category: Accounts

what is a gln number

Global Location Number can be used by companies to identify their locations, giving them complete flexibility to identify any type or level of location required

Category: Accounts

definition or meaning of grade range

A grading scheme is a set of criteria that measures varying levels of achievement in a course. Account-level grading schemes are grading schemes that can be defined at the account or sub-account level for the entire institution.

Category: Accounts

definition or meaning of half year convention

A way to calculate depreciation for tax purposes. A fixed asset is assumed to have been in service for one-half of it’s first year,irrespective of the actual purchase date. The remaining half year of depreciation is deducted from earnings in the final year of depreciation.

Category: Accounts

explain how to calculate accumulated depreciation

The depreciation expense charged during the current period is added to the accumulated depreciation at the beginning of the period while deducting the depreciation expense for a disposed asset.

Category: Accounts

explain how to calculate mean absolute deviation

To find the mean absolute deviation of the data, start by finding the mean of the data set. Find the sum of the data values, and divide the sum by the number of the data values. Find the absolute value of the difference between each data value and the mean. Find the sum of the absolute values of the difference.

Category: Accounts

explain how to cancel a check

The bank should be directed to put a stop payment on the check.

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explain income summary

An account that receives all the temporary accounts of a business upon closing them at the end of every accounting period.

Category: Accounts

intrastat definition or meaning

The system for collecting information and producing statistics on the trade in goods between countries of the European Union.

Category: Accounts

explain inventory cost

All costs associated with holding or storing inventory for sale.

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explain inventory write off

The formal recognition of a company’s inventory that no longer has value.

Category: Accounts

job level definition or meaning

Job levels are catagories of authority in an organization. Each level is typically associated with a sale ray range and a series of job titles.

Category: Accounts

definition or meaning of landed cost

The total price of a product or shipment once it has arrived at a buyer’s doorstep.

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explain ledger definition

The principal book or computer file for recording and totaling

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definition or meaning of macrs table

The Modified Accelerated Cost Recovery System (MACRS) is the current tax depreciation system in the US. The capital cost of tangible property is recovered over a specified life by annual deductions for depreciation .

Category: Accounts

definition or meaning of the mad formula

Mean Absolute Deviation is the average of the absolute value, or the difference between actual values and their average value, and is used for the calculation of demand variability.

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definition or meaning of ncmr

Non Cleared Margin Requirement.

Category: Accounts

order processing definition or meaning

The workflow associated with the picking, packing and delivery of the packed items to a shipping carrier.

Category: Accounts

explain outbound meaning

Outbound cash flow is any money a company or individual must pay out when conducting a transaction with another party.

Category: Accounts

payed definition or meaning

To settle (a debt, obligation,etc.), as by transferring money or goods. To give over (a certain amount of money) in exchange for something.

Category: Accounts

explain payment advice

A document sent by a customer to the supplier of a product or a service informing the supplier of the payment of their invoice or bill.

Category: Accounts

post dated definition or meaning

A check written by the drawer for a date in the future.

Category: Accounts

explain prenote direct deposit

A test transaction that gets sent to the bank to make sure that the provided employee account information is valid before setting up a direct deposit transfer to pay the employee.

Category: Accounts

what is prorated salary

The proportion or percentage a part-time employee would receive if he worked full-time.

Category: Accounts

recurring definition or meaning

A type of business transaction that is repeated frequently, often at fixed intervals. For example monthly rent.

Category: Accounts

rent roll definition or meaning

The total income arising from rented property.

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replenish definition or meaning

Inventory replenishment is an operation that consists in making the stock full again in order to avoid stock -out.

Category: Accounts

safety stock definition or meaning

An additional quantity of an item held in inventory in order to reduce the risk that the item will be out of stock.

Category: Accounts

definition or meaning of shift pattern

The various types of work schedules

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subcategory definition or meaning

A smaller category within a larger group.

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subtype definition or meaning

A secondary or subordinate type

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explain the sum of the years digits

An accelerated method for calculating an asset’s depreciation.

Category: Accounts

explain the sum of the years digits formula

The remaining useful life of the asset is divided on a particular date by the sum of the year’s digits.

Category: Accounts

explain the sum of years digits depreciation

The method used to accelerate the recognition of depreciation. Most of the depreciation is recognized in the first few years of iuse

Category: Accounts

what is a suspense account

An account in the books of an organization in which items are entered temporarily before allocation to the correct or final account.

Category: Accounts

definition or meaning of the contribution margin ratio

The difference between a company’s sales and variable expenses, expressed as a percentage.

Category: Accounts

unrealized definition or meaning

A transaction that has occurred but has not been consummated by a payment.

Category: Accounts

utilization formula definition or meaning

The proportion of the available time ( expressed usually as a percentage ) that a piece of equipment or a system is operating. Formula : Operating hours x 100 / available hours.

Category: Accounts

explain voided check definition

A check that has been cancelled and therefore rendered null and void.

Category: Accounts

ex[plain what retro pay means

Retroactive pay is compensation you owe an employee for work performed during a previous pay period when you have paid them less than you should.

Category: Accounts

explain what is a burden

The burden rate is the allocation rate at which indirect costs are applied to the direct costs of either labor or inventory.

Category: Accounts

explain what is a calendar

The period for which books are balanced and the financial statements are prepared.

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explain what is a debit memo

A commercial document issued by a buyer to a seller as a means of formally requesting a credit note.

Category: Accounts

A check written by the drawer for a date in the future.

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explain what is a receiver

Someone who is appointed by a court of law to manage the affairs of a business, usually when it is facing financial failure.

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explain what is absence

Employees time off with pay for vacations, holidays and sick day.

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explain what is an allocation

To spread an expense over more than one accounting period.

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explain what is an encumbrance

A claim against a property by a party that is not the owner.

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definition or meaning of arrears

Money that is owed and should have been paid earlier.

Category: Accounts

definition or meaning of capitalization

The provision of capital for a company or the conversion of income or assets into capital.

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definition or meaning of currency

A system of money in general use in a particular country.

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explain what is eoq

Economic order quantity is the order quantity that minimizes the total holding costs and ordering costs.

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explain what is ers

Evaluated Receipt Settlement ( ERS) is a procedure for the automatic settlement of goods receipts.

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explain what is a journal

A record of financial transactions in order by date.

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explain what is labor

The employees and temporary help who work directly on a manufacturer’s products.

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explain what is override

Commission received by a sales manager on the sales made by sales persons working under him or her.

Category: Accounts

Stated value or face value.

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explain what is a reference number

A unique identifier assigned to any financial transaction.

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explain what is a remittance advice

A letter sent by a customer to a supplier to inform the supplier that their invoice has been paid.

Category: Accounts

explain what is retro pay

Retroactive or back pay is income owed to an employee from a previous pay period. This can be for a number reasons i.e. Incorrect salary compensation or a pay increase.

Category: Accounts

explain what is transaction

An instance of buying or selling something.

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explain what is triangulation

A situation that involves a sale of goods, where three different member states in the EU are invoved and where there are two sales transactions but one transport transaction.

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explain what type of account is accumulated depreciation

An asset account with credit balance. This means that it appears on the balance sheet as a reduction from the gross amount of fixed assets reported.

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definition or meaning of lump sum contracts

A lump sum contract (or stipulated sum contract) is the traditional means of procuring construction, and still the most common form of construction contract. Under a lump sum contract, a single ‘lump sum’ price for all the works is agreed before the works begin.

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definition or meaning of work assignment

A specified task or amount of work assigned or undertaken.

Category: Accounts
Business (122)

&ndash definition or meaning

An ndash is a punctuation mark. A dash that is the width of a capital N. It can be used to range a span of numbers, report results or scores, represent conflict, connection, or direction or for compound adjectives.

Category: Business

&ndash html definition or meaning

An ndash is a dash that is the width of a capital N . HTML is the standard markup language for creating web pages and web applications.

Category: Business

what are 10 key skills

1. Communication Skills. 2. Commercial Awareness. 3. Teamwork. 4. Leadership. 5. Resilience. 6. Confidence. 7. Organisation. 8. Influencing Skills. 9. Problem Solving Skills. 10. Positivity.

Category: Business

explain are you the gatekeeper

Are you a gatekeeper who monitors and assesses ideas before you let them pass through to the next stage of development … or are you the key master, the one who holds all the keys and tells people “get this into production and sell it” ?

Category: Business

attendance definition or meaning

Most employees are allowed a certain number of sick or personal days, but beyond that amount, excessive absences may require intervention by the boss. If allowed to continue unchecked, an employee’s poor attendance issues can affect other areas of the business.

Category: Business

both definition or meaning

Both /and is a type of logic used in decision making that allows for a greater variety and scope of outcomes than a rigid either/or decision making process. This approach is useful when comparing two or more possible tracks or outcomes in a real world setting.

Category: Business

explain business requirements template

A business requirements document template, sometimes called a BRD, is an important document relating to a business project. It details the business solution for a project including the documentation of customer needs and expectations. When a business or organisation relies on a template, it makes it far easier to define the project, its features and the anticipated outcome of the project or product in question.

Category: Business

definition or meaning of buy side vs sell side

The Buy Side refers to firms that purchase securities, and includes investment managers, pension funds and hedge funds. The Sell Side refers to firms that issue, sell or trade securities, and includes investment banks, advisory firms and corporations. Sell Side firms have far more opportunities for aspiring analysts than Buy Side firms usually have, largely due to the sales nature of their business.

Category: Business

what is cobblestone management

Cobblestone Management assist financial intitutions in their risk management practices with high quality, market-leading products and services.

Category: Business

who are concord

The Concord Review : A Quarterly Review of Essays by Students of History is an academic journal dedicated to publishing the research papers of high school students.

Category: Business

cross docking definition or meaning

Cross docking is a logistics procedure where products from a supplier or manufacturing plant are distributed directly to a customer or retail chain with marginal to no handling or storage time . When the outbound transportation has been loaded, the products can then make their way to customers.

Category: Business

what is cross elasticity of demand

The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes. This measurement is calculated by taking the percentage change in the quantity demanded of one good and dividing it by the percentage change in the price of the other good.

Category: Business

definition or meaning of cross price elasticity of demand

The cross elascity of demand is the proportional change in the quantity of Y to a given proportionate change in the price of the related commodity X

Category: Business

daf definition or meaning

Delivered at frontier. Terms of sale signifying that the seller fulfills its obligations by delivering the goods at a specified point on the international border of the buyer’s country.

Category: Business

definition or meaning of absence

Time taken off work by an employee, split into authorised absence and unauthorised absence.

Category: Business

definition or meaning of cern

The European Organization for Nuclear Research.

Category: Business

definition or meaning of certification

Certification is a formal procedure by which an accredited or authorized person or agency assesses and verifies (and attests in writing by issuing a certificate) the attributes, characteristics, quality. qualification, or status of individuals or organizations, goods or services, procedures or processes, or events or situations, in accordance with established requirements or standards.

Category: Business

who are cobblestone

Cobblestone Software is a leading orovider of Enterprise Contract Management Software and eProcurement solitions for thousands of users.

Category: Business

definition or meaning of facility

A special feature on a computer, piece of software etc: that enables you to do something.

Category: Business

definition or meaning of follow up

Monitoring a job, enquiry, sale, etc to get feedback on the schedule, requirements, effectiveness, or other such factors.

Category: Business

definition or meaning of freight

A charge paid for carriage or transportation of goods by air, land or sea.

Category: Business

definition or meaning of gatekeeper

A locked door standing between you and the person you need to speak with. If youdo

Category: Business

definition or meaning of held

Held means kept in custody, possession, or storage, usually to satisfy a condition or requirement.

Category: Business

definition or meaning of hold

Hold is temporary unavailability of specific sums in a bank account to the accountholder. A hold may be placed on uncleared checks, or on funds that are pledged, for example, as collateral.

Category: Business

definition or meaning of mask

In computer science, a mask or bitmask is data that is used for bitwise operations, particularly in a bit field. Using a mask, multiple bits in a byte, nibble, word etc can be set either on, off or inverted from on to off ( or vice versa ) in a single bitwise operation.

Category: Business

definition or meaning of metadata

Metadata is data that provides information about other data.

Category: Business

definition or meaning of milestone

A milestone is a specific point in time within a project lifecycle used to measure the progress of a project toward its ultimate goal

Category: Business

definition or meaning of mirror image

In the law of contracts, the mirror image rule, also referred to as an unequivocal and absolute acceptance requirement, states that an offer must be accepted exactly with no modifications. The offerer is the master of one’s own offer.

Category: Business

definition or meaning of non specialist

A person who is not an expert or specialist in a particular subject.

Category: Business

definition or meaning of nonconformity

In quality management, a nonconformity (also known as a defect)is a deviation from a specification, a standard, or an expectation. Nonconformaties are classified as either critical, major or minor.

Category: Business

what are optimus

Optimus is an exclusive service platform developed and delivered by Togglenow to help businesses and organisations achieve and maintain full optimisation of their SAP environment.

Category: Business

definition or meaning of personnel

The body of people employed in an organization or place of work.

Category: Business

definition or meaning of position

A position is the amount of a security, commodity or currency which is owned by an individual, dealer, institution, or other fiscal entity.

Category: Business

definition or meaning of remaining

Remaining is an event that usually occurs when a company is insolvent, meaning it cannot pay it’s obligations when they are due. As company operations end, the remaining assets are used to pay creditors and shareholders, based on the priority of their claims.

Category: Business

definition or meaning of requestor

A formal, almost legal term for someone who asks for something.

Category: Business

definition or meaning of requisition

A requisition, in procurement, is a request for goods or services made by an employees to the person or department in a company that is responsible for purchasing. In this context, a requisition is also known as a purchase requisition.

Category: Business

definition or meaning of scope creep

Scope creep in project management refers to changes, continuous or uncontrolled growth in a project’s scope, at any point after the project begins. This can occur when the project is not properly defined, documented, or controlled. It is generally considered harmful.

Category: Business

definition or meaning of substitute

Substitute goods are goods which, as a result of changed conditions, may replace each other in use ( or consumption ). A substitute good, in contrast to a complementary good, is a good with a positive cross elasticity of demand. Conversely, the demand for a good is decreased when the price of another good is decreased.

Category: Business

definition or meaning of supplier

A supplier is a party that provides goods or services. A supplier may be distinguished from a contractor or subcontractor, who commonly adds specialised input to deliverables . Also called vendor.

Category: Business

definition or meaning of unavailable

When an item is out of stock or discontinued it is described as unavailable.

Category: Business

definition or meaning of vendor

A vendor is a person or business that supplies goods and services to a company. Another term for vendor is supplier. In many situations a company presents the vendor with a purchase order stating the goods or services, the price, delivery date, and other terms.

Category: Business

explain definitive software library

A software library is a suite of data and programming code that is used to develop software programs and applications. It is designed to assist both the programmer and the programming language compiler in building and executing software

Category: Business

deliverables definition or meaning

The word ‘deliverables is a project management term describing the quantifiable goods or services that must be provided upon the completion of a project. Deliverables can be tangible or intangible in nature.

Category: Business

explain the difference between public and private sector

The private sector is usually composed of organisations that are privately owned and not part of the government. These usually include corporations ( both profit and non-profit ) and partnerships. The public sector is usually composed of organisations that are owned and operated by the government.

Category: Business

digital vs electronic signature comparison

The main difference between these two is that digital signature is mainly used to secure documents and is authorised by certification authorities while electronic signature is often associated with a contract where the signer has got the intention to do so.

Category: Business

duties and responsibilities of a manager explained

The manager is responsible for overseeing and leading the work of a group of people in many circumstances.

Category: Business

explain duties and responsibilities of a business manager

Business managers are responsible for overseeing and supervising a company’s activities and employees. Small businesses rely on the business manager to keep workers aligned with the goals of the company. Business managers report to top executives in a larger organisation, but in a small company, the manager might either own the company or report directly to the owner.

Category: Business

explain e signatures

E-signatures should not include: 1. Unnecessary contact details. 2. Custom fonts. 3. Bullet points. 4. Animated gifs. 5. Videos. 6. Quotes. 7 Personal information. 8. Multiple colour fonts. 9. An image as your email signature. 10. Links to unused accounts or old posts.

Category: Business

definition or meaning of elasticity measures

The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes. Demand is elastic when there are close substitutes.

Category: Business

what is a gatekeeper

The person responsible for keeping a decision-maker from being bothered by what she or he considers to be irrelevant and bothersome visitors and callers.

Category: Business

gatekeeper definition or meaning

A junior officer ( such as a secretary ) who has the authority or ability to control access to a decision maker or to certain information.

Category: Business

explain gatekeeper media

Gatekeeping is the process through which information is filtered for dissemination, whether for publication, broadcasting, the internet, or some other mode of communication.

Category: Business

explain global solutions

A way of dealing with a difficult situation that can help countries or companies in every part of the world. / A professional collection agency specialising in the collection of commercial accounts nationwide and international.

Category: Business

definition or meaning of business intelligence

Business intelligence is the use of computing technologies, applications and practices for the collection, integration, analysis, and presentation of business information.

Category: Business

what does iaccm mean

The International Association for Contract and Commercial Management enables public and private sector organisations and professionals to achieve world-class standards in their contracting and relationship management process and skills.

Category: Business

who are insight express

InsightExpress is an industry leading marketing research and data analytics provider, specialising in the measurement of brand communications.

Category: Business

who are lawson

Lawson is a leading enterprise resource planning (ERP) software company.

Category: Business

learning curve definition or meaning

This is a graphical representation of the common sense principle that the more one does something the better one gets at it. Learning Curve shows the rate of improvement in performing a task as a function of time or the rate of change in average cost ( in hours or pounds) as a function of cumulative output.

Category: Business

definition or meaning of managed

To control something, such as a project, team of people or idea. To complete a goal or project.

Category: Business

explain manager responsibilities

Entrusted with a leadership role, a manager is responsible for overseeing a department or a group of employees within a specific organisation or company. Managers are utilised in every sector, and the business model relies on their leadership and ability to operationalise the management structure.

Category: Business

definition or meaning of manager roles and responsibilities

The manager is responsible for overseeing and leading the work of a group of people in many instances. The manager is also responsible for planning and maintaining work systems, procedures, and policies that enable and encourage the optimum performance of its people and other resources within a business unit.

Category: Business

who are ming

Ming Labs work across digital strategy, internal enablement and work-class UX production to create digital products that change mindsets and behaviours.

Category: Business

mirror image definition or meaning

In the law of contracts, the mirror image rule, also referred to as an unequivocal and absolute requirement, states that an offer must be accepted exactly with no modifications. The offeror is the master of one’s own offer.

Category: Business

what does ocr stands for

Optical Character Recognition is a technology that recognizes text within a digital image. It is commonly used

Category: Business

who are optimus consulting

Optimus Consulting are at the forefront of developing innovative data and analytics software platforms. They have proven proprietary and scalable software for data modeling, scientific testing, and audience targeting.

Category: Business

who are optimus solutions

Optimus Solutions offers unique and innovative management solution to small and medium sized business.

Category: Business

definition or meaning of own price elasticity

The own-price elasticity of demand is often simply called the price elasticity. For example, if the price of a good increases by 5 percent and the quantity demanded decreases by 5 percent, then the elasticity at the initial price and quantity is -5%/5%=_1 .

Category: Business

pegging definition or meaning

Pegging in commodities trading : Control by commodity exchanges of price fluctuations by tying the daily trading limits to the previous trading day’s settlement( close ) price. In currency trading : Control of exchange rate fluctuations by a government through (1) tying a currency’s value to the value of a stronger currency, (2) buying and selling own currency to increase or decrease its demand, (3) securities trading : manipulation of a new issue’s market price by its underwriter through large purchases on the stockmarket. Siimilar manipulation of already issued securities is illegal.

Category: Business

playbook definition or meaning

A business playbook contains all the pieces and parts that make up your company’s go-to approach for getting things done. This includes ” process workflows, standard operating p

Category: Business

explain excellent guest service

Excellent customer service means making each and every aspect of the customer’s experience an absolutely positive one. Good customer service means meeting expectations-but excellent customer service means exceeding them.

Category: Business

prefix definition or meaning

A prefix is an affix which is placed before the stem of a word. Adding it to the beginning of one word changes it into another word.

Category: Business

explain price elasticity of demand measures

Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes. More precisely, it gives the percentage change in quantity demanded in response to a one percent change in price.

Category: Business

private practice definition or meaning

Private practise is the practise of one’s profession as an independent rather than as an employee.

Category: Business

who are professional advantage

Professional Advantage is a leading global developer for additional modules to Infor SunSystems, as well as being the top Infor Partner for Asia Pacific.

Category: Business

explain project implementation

To implement a project means to carry out activities proposed in the application form with the aim to achieve project objectives and deliver results and outputs. It’s success depends on many internal and external factors. Some of the most important ones are a very well organised project team and effective monitoring of project progress and related expenditures.

Category: Business

replication definition or meaning

Observations made under identical conditions / Duplication or reproduction of a test result at another location or time.

Category: Business

what is a requirements template

A product requirements template (PRD) is a document containing all the requirements to a certain product. It is written to allow people to understand what a product should do. PRDs are most frequently written for software products, but can be used for any type of product and also for services.

Category: Business

requisition definition or meaning

A requisition, in procurement, is a request for goods and services made by an employee to the person or department in a company that is responsible for purchasing …. in this context, a requisition is also known as a purchase requisition.

Category: Business

reservation definition or meaning

The meaning of a term in a legal document as explicitly stated in that document, otherwise it’s statutory meaning ( if it exists ) or the customary meaning in the circumstances.

Category: Business

explain save search

To save a single search, either select it and click the Save button, or click the More button and then select the Save option. To save one or more selected searches, select the searches and then click the Save button. To save the search history, click the Save All button.

Category: Business

scope creep definition or meaning

Scope creep in project management refers to changes, continuous or uncontrolled growth in a project’s scope, at any point after the project begins. This can occur when the scope of a project is not properly defined, documented or controlled.

Category: Business

explain search and status

A search and status report is generally asked for by the bank or financial institution while granting loans or working capital facility to a company. It acts as a progress report on the legal aspects and also shows the exact position on loans and borrowing of the company.

Category: Business

segment definition or meaning

A business segment is a part of a company that can be identified by the products it provides or by the services or geographical locations it operates in. In other words, it is a single part of a business that can be distinctly separated from the company as a whole based on its customers, products, or market places.

Category: Business

definition or meaning of segmented bar chart

Segmented Bar Charts are one of the most popular charts used in Statistics. They are a type of stacked bar chart. Stacked Bar Graphs segment their bars of multiple datasets on top of each other. They are used to show how a larger category is divided into smaller categories and what the relationship of each part has on the total amount.

Category: Business

explain signature block

A signature block (often abbreviated as signature, sig block, sig file, sig, dot sig, siggy or just sig) is a block of text automatically appended at the bottom of an email message, Usenet article, or forum post. An email signature is a block of text appended to the end of an email message often containing the sender’s name, address, phone number, disclaimer or other contact information.

Category: Business

explain signature rules and guidelines

As a signature can obligate a party to terms of a contract or verify that a person intended to make a last will and testament, the law has developed rules that govern what constitutes a legally valid signature. The signature is

Category: Business

explain small business thank you

Sending a simple thank you letter goes a long way in strengthening strong and long-lasting business relationships. Whoever you want to thank it doesn’t matter. Expressing your gratitude in writing makes the recipient feel good and by doing so you nuture continued loyalty to your business.

Category: Business

smat definition or meaning

Smart is an acronym that is used to guide the development of measurable goals. Each objective should be 1. specific. 2. Measurable w/ Measurement. 3. Achievable. 4. Relevant. 5. Time-Oriented.

Category: Business

what is the sodexo portal

Sodexo Motivation has launched an online incentive and reward product. Its Reward Portal Premium allows employers to recognise employees’ work by using a choice-based approach to incentivising and rewarding staff. Employees can collect recognition points for various achievements and then select their reward from an online reward catalogue.

Category: Business

sor definition or meaning

A system of record (SOR) is a data management term for an information storage system ( commonly implemented on a computer system running a database management system ) that is the authoritative data source for a given data element or a piece of information.

Category: Business

sow definition or meaning

A statement of work (SoW) is a document routinely employed in the field of project management. It defines project-specific activities, deliverables and timelines for a vendor providing services to the client.

Category: Business

specific performance definition or meaning

Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific act, such as to complete performance of the contract. Specific performance is commonly used in the form of injunctive relief concerning confidential information or real property.

Category: Business

specific performance definition or meaning

Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific act, such as to complete performance of the contract. Specific performance is commonly used in the form of injunctive relief concerning confidential information or real property.

Category: Business

spend matters definition or meaning

Spend Matters Plus/ and Spend/Matters Pro are paid member programs that deliver procurement and supply chain professionals an information advantage by providing original thought, insightful analyses, and unbiased opinion that doesn’t hedge, obfuscate, or pander.

Category: Business

what is a statement of work template

A statement of work ( SOW ) is a document that describes the terms and objectives of a project or service contract, including the scope of work required to meet the objectives, costs, deliverables, timeliness and other expectations. The benefits of using a statement of work template, which can be found in Microsoft Word and Excel formats, are clear. They save time, are easy to use and provide the key sections needed to create a comprehensive SOW.

Category: Business

meaning of price elasticity of demand

The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price changes, and elastic if demand changes a lot when the price changes.

Category: Business

those in glass houses meaning

This means that you should not criticise other people for bad qualities in their character that you have yourself

Category: Business

explain those who live in glass houses

This means that you should not criticise other people for bad qualities in their character that you have yourself.

Category: Business

who are touchstone group

The Touchstone Group PLC provides business software solutions worldwide.

Category: Business

what is a tracking sheet template

The tracking plan template is where you put tracking information. When an ad is clicked, the information is used to create your Landing page URL. A tracking template at the ad group, campaign, or account level applies to all of the ads in the corresponding ad group, campaign or account.

Category: Business

what are types of case study

A case study is a research method that relies on a single case rather than a population or sample. There are three primary types of case studies : 1. Key cases are those which are chosen because the researcher has a particular interest in it or the circumstane

Category: Business

unit rule definition or meaning

Unit Rule refers to a method adopted to determine the value of real property subject to separate estates. According to the unit rule damage must be apportioned to each interested party in the ratio thar his actual damage bears to the total actual damage.

Category: Business

explain we got you covered

This means that everything that is needed is done or provided for. In insurance everything is covered.

Category: Business

concord definition or meaning

Concord is an amicable agreement between two or more entities or organisations, specially among nations. It’s the opposite of discord and also called concordance.

Category: Business

elasticity of demand definition or meaning

The price elasticity of demand measures the sensitivity of the quantity demanded to changes in the price. Demand is inelastic if it does not respond much to price change, and elastic if demand changes a lot when the price changes. Necessities tend to have inelastic demand.

Category: Business

ocr definition or meaning

OCR stands for “Optical Character Recognition”. OCR is a technology that recognizes text within a digital image. It is commonly used to recognize text in scanned documents, but it serves many other purposes as well.

Category: Business

sme definition or meaning in business

SME (small to medium enterprise) is a convenient term for segmenting businesses and other organizations that are somewhere between the “small office-home office ” ( SOHO ) size and the larger enterprise. The EU has defined an SME as a legally independent company with no more than 500 employees.

Category: Business

explain what is a gatekeeper

The gatekeeper is essentially a locked door standing between you and the person you need to speak with. If you don’t explain yourself in the right way, your message will never be delivered. Small businesses where the owner is often present do not typically have a gatekeeper.

Category: Business

explain what is a procurement specialist

Procurement specialists, sometimes referred to as purchasing managers, generally manage contracts with a company’s vendors to ensure best prices. They generally oversee the ordering of materials a business uses in producing goods.

Category: Business

signature block explanation

The signature block in a business email does the work of the heading or letterhead found in the format of a business letter. This is the last item in an email. Signature blocks often contain the name of the party, the names and titles of people ( either entities or human beings ) signing on behalf of that party, and contact information for that party,

Category: Business

definition or meaning of a statement of work

A statement of work is a document that defines a project’s objectives, scope and deliverables. It is a working agreement between two parties. The purpose of a SOW is to ensure project sponsors and stakeholders understand what needs to be done, who is responsible for the work and how it will be accomplished. By defining these elements up front, project managers can make better decisions, avoid confusion and costly scope creep.

Category: Business

what is a survey definition or meaning

Survey research is the collection of data attained by asking individuals questions either in person, on paper, by phone or online. Businesses use surveys to gather information about customer attitudes and experiences to help market consumer products,

Category: Business

mirror image definition or meaning

The mirror image rule is used throughout the business environment and is based on the requirement for an absolute and unequivocal acceptance to an offer to create a contract, with anything less than that constituting a counter offer that effectively rejects the original offer.

Category: Business

rfp process definition or meaning

A Request for Proposal, or RFP, is a document that a business, non -profit or government agency creates to outline the requirements for a specific project. They use the RFP process to solicit bids from qualified vendors and identify which vendor might be the best qualified to complete the project.

Category: Business

mirror image rule definition or meaning

The mirror image rule is used throughout the business environment and is based on the requirement for an absolute and unequivocal acceptance to an offer to create a contract, with anything less than that constituting a counter offer that effectively rejects the original offer.

Category: Business

explain what a vendor is

A vendor is the person or business that supplies goods or services to a company. Another term for vendor is supplier. In many situations a company presents the vendor with a purchase order stating the goods or services needed, the price, delivery date and other terms.

Category: Business

explain why is integrity important

Integrity in business , or the lack thereof can have a significant impact on the long- term success of any business. It is perhaps the most important principle of leadership because it demands truthfulness and honesty.

Category: Business

definition or meaning of win every time

In business, when we define the win as one outcome -a sale, an innovation, or reaching a quarterly goal, for example- our definition is too narrow. It creates a culture where we “fail” more than we succeed. Creating an environment where you and your team can win every day allows you to build on previous successes and improve morale.

Category: Business

work center definition or meaning

The Work Centre is the section of a production facility where all tasks associated with a particular process ( such as assembling, painting, welding ) are performed.

Category: Business

workweek definition or meaning

A work week is the amount of time during a normal week which you spend doing your job.

Category: Business

what is www docusign com

Docusign is a company based in San Francisco that helps organizations connect and automate how they prepare, sign, act on and manage agreements. They offer eSignature: the world’s no 1 way to sign electronically on practically any device, from almost anywhere, at any time.

Category: Business

what does you are the weakest link mean

The No 1 weak link for business when it comes to cyber security- is the people who work in the business. Educating employees on cyber risks is a key step, but this does require resources, and the participation of employees.

Category: Business
Compliance (10)

definition or meaning of compliance 11

Compliance 11 Inc provides cloud-based compliance automation software for the financial community.

Category: Compliance

definition or meaning of compliance control

Internal control, as defined in accounting and auditing, is a process for assuring of an organization’s objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.

Category: Compliance

definition or meaning of grc compliance

Governance, risk management and compliance is the umbrella term covering an organizations approach across these three areas. Governance, risk management and compliance.

Category: Compliance

what is regulatory compliance software

The Enablon Regulatory Compliance Management software solution enables companies to understand what regulations, policies and obligations are applicable to them globally or at the site leve, and enables them to manage changes to applicable environmental, health and safety regulations, helping to eliminate compliance issues.

Category: Compliance

definition or meaning of risk and compliance

Risk management is predicting and managin risks that could hinder the organisation from reliably achieving it’s objectives under uncertainty. Compliance refers to adhering with the mandated boundaries (laws and regulations) and voluntary boundaries (companies, policies, proceedures etc).

Category: Compliance

what is sarbanes oxley compliance

Sarbanes Oxley Act (SOX) is a US act of Congress passed to protect shareholders and the general public from accounting errors and fraudulent practices in enterprises, and to improve the accuracy of corporate disclosures.

Category: Compliance

what are sox compliance requirements

Sarbanes-Oxley contains 11 titles that describe specific mandates and requirements for financial reporting. 1 Public Company Accounting Oversight Board (PCAOB). 2. Auditor Independence. 3. Corporate Responsibilty. 4. Enhanced Financial Disclosures. 5. Analyst Conflicts of Interest. 6. Commission Resources and Authority. 7. Studies and Reports. 8. Corporate and Criminal Fraud Accountability. 9. White Collar Crime Penalty Enhancement. 10. Corporate Tax Returns. 11. Corporate Fraud Accountability.

Category: Compliance

definition or meaning of sox compliance

Since congress passed the Sarbanes-Oxley Act (SOX) in 2002 , organizations have been required to comply with SOX regulations that govern the management of sensitive financial data. To help meet these compliance requirements, automate business processes and reduce costs, many organizations rely on SOX compliance software.

Category: Compliance

definition or meaning of vendor analysis

The assessment of strengths and weaknesses of current and prospective suppliers in terms of their capacity, sales revenue, reputation, stocks, markdowns, markups, gross margins, quality, reliability, service, pricing policies, payment terms etc.

Category: Compliance

vendor definition or meaning

An individual or company that sells goods or services to someone else in the economic production chain.

Category: Compliance
Contract (68)

definition or meaning of acceptance in contract law

Acceptance may be defined as an unconditional assent, communicated by the offeree by the offeror, to all terms of the offer, made with the intention of accepting.

Category: Contract

explain ambiguity in a contract

A contract is considered to be ambiguous if the contract is reasonably subject to more than one interpretation. Sometimes, this can mean that it’s unclear as to what the parties intended overall. But usually, an ambiguous contract means that a specific term, word, phrase or definition is vague or unclear.

Category: Contract

definition or meaning of anticipatory breach of contract

Anticipatory repudiation, also called an anticipatory breach, is a term in the law of contracts that describes a declaration by the promising party to a contract that he or she does not intend to live up to his or her obligations under the contract.

Category: Contract

definition or meaning of bilateral contract

The most commonly used type of contract, a bilateral contract contains a promise by each party to fulfill certain obligations to compete the deal. For example, a person offers their home for sale, and a buyer agrees to pay $ 150,000 to purchase the home. In this bilateral contract,each party is required to do something: the buyer must pay the sales price and the seller must transf ownership of the home to tne buyer.

Category: Contract

explain bilateral contract vs unilateral contract

In a unilateral contract, the promised makes an open promise to provide something in exchange for performance. In a bilateral contract,both the promisor and the promisee knowingly enter into an agreement where both parties make a promise, and each is obligated to fulfill the promise.

Category: Contract

blanket contract definition or meaning

A blanket contract exists when a customer or supplier has agreed to buy or supply a specific quantity of an item, for a specific quantity of an item, for a specific price over a specific period. No agreement exists, however, regarding the quantity to be supplied in any one de

Category: Contract

definition or meaning of breach of contract

There are generally speaking four types of breach of contract : anticipatory, actual,minor and material. A breach of contract is when the terms of an agreement between parties are broken by one party. For example, if the contract specifies the sale of a box of tennis balls and

Category: Contract

definition or meaning of capacity in contract law

The law states that individuals who enter into a contract must have the capacity to enter into a contract otherwise it is voidable. Adults who have full capacity are able to enter into contracts and enforce them at law (unless they are illegal contracts). The law sets out those who do not have legal capacity to contract, particularly providing special legal protection to those who are minors, or under a mental disability.

Category: Contract

definition or meaning of common law contract

At common law, the elements of a contract are offer, acceptance, intention to create legal relations, consideration and legality of both form and content. Not all agreements are necessarily contractual, as the parties generally must be deemed to have an intention to be legally bound.

Category: Contract

what are the components of a contract

A legally binding contract is one that has an offer, an acceptance, consideration, mutual obligation, competancy and capacity – and is legal.

Category: Contract

what is a contract checklist

A contract checklist is a step-by-step list that helps you organize a contract’s key parts before finalizing it. This helps reduce miscommunication, set expectations and make sure both parties are on the same page.

Category: Contract

definition or meaning of contract clause

A contract clause is a specific provision or section within a written contract. Each clause in a contract addresses a specific aspect related to the overall subject matter of the agreement. Contract clauses are aimed at clearly defining the duties, rights and privileges that each party has under the contract terms.

Category: Contract

contract clause definition or meaning

A common example is a non-disclosure clause in an employment contract, where the employer agrees not to disclose any confidential information belonging to the company .

Category: Contract

contract consideration definition or meaning

In contract law consideration is concerned with the bargain of the contract. A contract is based on an exchange of promises. Each party to a contract must be both a promiser and a promisee. They must each receive a benefit and each suffer a detriment. this benefit or detriment is referred to as consideration

Category: Contract

contract job definition or meaning

A contract employee works under contract for an employer, is hired for a specific job at a specific rate of pay, does not become a regular addition to the staff and is not considered a permanent employee.

Category: Contract

explain contract language

Legal wording for contracts is the language used to describe the legal obligations agreed upon between the parties partaking in a contract. Since such contracts are meant to be legally binding, they will contain particular language to specify and enforce the terms being agreed to.

Category: Contract

explain contract law

Contract law governs the legality of agreements made between two or more parties when there is an exchange of some sort intended to take place. In nearly all business transactions, contracts are made. Examples of such agreements in business include bills of sale, purchase orders and employment agreements.

Category: Contract

what is contract renewal

A renewal of contract should not be automatic. It’s important to understand the difference between a contract renewal and an extension. Renewing means the recreation of a legal relationship or replacing an old contract with a new one, rather than just an extension of a previous contract or relationship.

Category: Contract

contract risk definition or meaning

This is 1. The probability of loss arising from the buyer’s reneging on the contract , as opposed to the buyer’s inability to pay and 2. The probability of loss arising from failure in contract performance. Vendors have the highest risk in fixed price contracts and least in the cost type contracts.

Category: Contract

what is a contract signature block

At the bottom of most contracts are the signature blocks, which contain the parties’signatures

Category: Contract

what is contract world reviews

ContractWorld.jobs is a website that links you to the world of work customer service jobs, Reviews are mixed.

Category: Contract

what is contractsafe

Contractsafe is a cloud-based contract management software which offers secure centralized document storage, automated key date reminders, document search and filtering with automatic OCR (optical character recognition) for searching within scanned documents, user access permission management and more.

Category: Contract

contractual capacity definition or meaning

This is the legal capability to form a binding contract. A number of classes of people lack contractual capacity, and these include minor, the mentally challenged, those under the influence of an intoxicating substance and incarcerated convicts.

Category: Contract

contractual liability exclusion definition or meaning

Most general liability policies contain a contractual liability exclusion like the one found in the standard ISO policy; Bodily injury or property damage for which the insured is obligated to pay damages by reason of the assumption of liability in a contract or agreement.

Category: Contract

definition or meaning of bilateral contract

A bilateral contract is an agreement between two parties in which each side agrees to fulfill his or her side of the bargain.

Category: Contract

definition or meaning of breach of contract

Breach of contract is a legal cause of action and a type of civil wrong, in which a binding agreement or bargained-for exchange is not honoured by one or more of the parties to the contract by non-performance or interference with the other party’s performance.

Category: Contract

definition or meaning of unilateral contract

A unilateral contract is a contract created by an offer that can only be accepted by performance. There is an express offer that payment is made only by a party’s performance. Another example of a unilateral contract is a reward or contest.

Category: Contract

definition or meaning of consideration in contract law

Consideration in contract law is defined as a bargained for exchange of value between parties of a contract. Without consideration, a contract cannot be enforced or is otherwise voidable (with only a very few exceptions). Consideration is a benefit which must be bargained for between the parties and is the essential reason for a party entering into a contract.

Category: Contract

enforceable contract definition or meaning

An enforceable contract is any legal contract which carries the force of law behind it. It is a legal agreement between two parties which is legally binding. An enforceable contract is any legal document between two parties which is not restricted by any laws.

Category: Contract

definition or meaning of entire contract

An Entire Contract is a contract where the parties involved have to conclude their duties, and then they can ask other parties involved to finish their obligations. If a party does not do what is required of them in the contract, the contrct may become nullified. An indivisable contract is another term for this kind of contract.

Category: Contract

what examples of bilateral contracts occur in everyday life

Bilateral contacts occur very commonly in everyday life. An example would be the contract for the sale of a house. The house seller agrees to deliver the title of the house in exchange for the agreed sale price. The house buyer agrees to pay the specified sales price in exchange for the title to the house.

Category: Contract

executed contract definition or meaning

An executed contract is a legal document that has been signed off by the people necessary for it to become effective . The contract is often made between two or more people, but it can also be between a person and an entity, or two or more entities. Some contracts even require the signatures be witnessed.

Category: Contract

express contract definition or meaning

An express contract is a contract whose terms the parties have explictly set out. This is also termed as a special contract. In an express contract, the agreement of the parties is expressed in words, either in oral or written form.

Category: Contract

what is a fully executed contract

Fully executed means that all parties have agreed to the terms and conditions of the proposed contract by signing and initialing any changes to the written document.

Category: Contract

what are healthcare contracts

Contracts are essential documents in all industries and healthcare is no exception. An efficient contracts management system allows healthcare organizations to provide the best possible care to patients, reduce operating costs, assure adherence to compliance requirements and mitigate risk.

Category: Contract

definition or meaning of howard stern contract

Stern became one of the highest paid radio figures after signing a five-year deal with Sirius in 2004 worth $500 million.

Category: Contract

howard stern sirius contract definition or meaning

Stern’s salary of $90 million a year under this five year contract could have made him the 3rd highest paid CEO in America.

Category: Contract

explain in a contract each party has what

Each party has legal obligations and responsibilties in a contract. A contract is essentially a set of promises. Typically, each party promises to do something in exchange for a benefit.

Category: Contract

definition or meaning of infinite contract renewal

A contract of indefinite duration or ‘Indefinite Duration Contract’ is a contract that doesn’t set a time period for the life of the contract. They usually cover agreements that involve the regular, cyclical sale or transfer of goods or services. They often arise simply out of the general business relationship between supplier and buyer.

Category: Contract

informal contract definition or meaning

An informal business contract is an agreement between two parties that has the intent of a formal contract without the seal of a government agency or witness. In other words, its a mutally agreed upon decision between two parties not formally documented by an agency or witness.

Category: Contract

what is legal contract com

Legalcontracts.com is a company that claims to provide their customers with access to to any legal documents they need for the most common and popular personal and business issues that people encounter.

Category: Contract

what is legalcontract com

Legalcontracts.com is a company that claims to provide their customers with access to to any legal documents they need for the most common and popular personal and business issues that people encounter.

Category: Contract

explain mailbox rule contracts

The posting rule is an exception to the general rule of contract law in common law countries that acceptance of an offer takes place when communicated. Under the posting rule, that acceptance takes effect when a letter is posted.

Category: Contract

explain material contract

Material Contract means any contract or other arrangement relating to a Property (other than on Loan Documents and Specified Derivatives Contracts), whether written or oral, to which the Borrower, any Subsidary or any other Loan Party is a party to which the breach, non-performance, cancellation or failure to renew by any party to such a contract or other arrangement could reasonably be expected to have a Material Adverse Effect.

Category: Contract

explain medical contract

A medical services contract means a contract between an insurer and an independent practice association, between an insurer and a provider, between an independent practice association and a provider or organization of providers, between medical or mental health clinics and between a medical or mental health clinic and a provider to provide medical or mental health services.

Category: Contract

explain offer in contract law

In contract law, an offer is a promise in exchange for performance by another party. An offer can be revoked or terminated under certain conditions. There are also times when an offer can be negociated to create a counter- offer

Category: Contract

explain post contract

The post contract period involves ensuring that all aspects relating to the contract are finalised and that the both parties have met all their obligations.

Category: Contract

explain repudiation of contract

Repudiation of a contract occurs where one party renounces their obligations under a contract. It can be that they are unwilling or unable to perform their obligations under a contract. Repudiation is seen to be quite a serious matter.

Category: Contract

explain what a requirements contract is

A requirements contract is a contract in which one party agrees to supply as much of a good or service as is required by the other party, and in exchange the other party expressly or implicitly promises that it will obtain its goods or services exclusively from the first party.

Category: Contract

explain what a sow contract

A statement of work (SoW) is a document employed in the field of project management. It defines project specific activities, deliverables and timelines for a vendor providing services to the client.

Category: Contract

explain specific performance of contract

Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific act, such as to complete performance of the contract. Specific performance is commonly used in the form of injunctive relief concerning confidential information or real property.

Category: Contract

subcontractor definition or meaning

A person who or business that contracts to provide some service or material necessary for the performance of another’s contract. A person or business firm contracted to do part of another’s work.

Category: Contract

definition or meaning of team contract

A team contract is an agreement between you and your teammates about how your team will operate – a set of conventions that you plan to abide by. It is important for any team to make an assessment of their current strengths. Team contracts outline the ground rules for the team. All team contracts have a code of conduct. All team members should write their names at the end of the contract to indicate that they agree with it.

Category: Contract

what types of film industry contract exist

There are many contracts in film making that must be signed prior to beginning production. They cover everything from intellectual property to photo releases and from location agreements to a general understanding of liability claims.

Category: Contract

what are types of contract law

At common law, the elements of a contract are offer, acceptance, intention to create legal relations, consideration and legality of both form and content. Not all agreements are necessarily contractual, as the parties generally must be deemed to have an intention to be legally bound.

Category: Contract

explain unilateral and bilateral contracts

Unilateral contracts involve an action undertaken by one person or group alone. In contract law, unilateral contracts allow only one person to make a promise or agreement. A bilateral contract is an agreement between at least two people or groups. Most business and personal contracts fall into this category.

Category: Contract

explain unilateral contract cases

Unilateral contract cases are agreements in which one party negotiates for a completed performance instead of a promise to perform. In order to establish a unilateral contract, the offerer makes an agreement in exchange for the performance of ther other party.

Category: Contract

unilateral contract definition or meaning

In a unilateral or one- sided contract one party , known as the offerer, makes a promise in exchange for an act (or abstention from acting) by another party, known as the offeree.

Category: Contract

explain unilateral vs bilateral contract

A Unilateral contract is an agreement with only one promise. That is, one party promises a future action if the other party performs whatever is expected of him. The promising party does not want a return promise. As such, a contract is formed or comes into exsistence once the other party begins to perform the requested services.

Category: Contract

definition or meaning of virginia state contracts

The Commonwealth of Virginia spends billions on several central areas. State agencies, colleges etc use the Virginia business portal eVA, to conduct all purchasing and sourcing. The right searches can help your company capitaliz.

Category: Contract

definition or meaning of vita contracts

The Virginia Information Technologies Agency awards contracts to manage comuter services for state agencies.

Category: Contract

provide a void contract example

A void contract cannot be enforced by law. An agreement to carry out an illegal act is an ezample of a void agreement. For example, a contract between drug dealers and buyers is a void contract simply because the terms of the contract are illegal.

Category: Contract

explain what constitutes a contract

A contract is a legally enforceable agreement between two or more parties. It may be oral or written. Typically each party promises to do something for the other in exchange for a benefit.

Category: Contract

explain what is a contract specialist

A contract specialist creates, examines and monitors contractual agreements between the organization that he or she works and materials or labour suppliers.

Category: Contract

definition or meaning of a requirements contract

A requirements contract is a contract in which one party agrees to supply as much of a goods or service as is required by the other party, and in exchange the other party expressly or implicitly promises that it will obtain its goods and services exclusively from the first party.

Category: Contract

definition or meaning of a smart contract

A smart contract is a computer protocol intended to digitally facilitate, verify or enforce the regulation or performance of a contract. The terms of agreement between buyer and seller are directly written into the lines of code. Smart contracts permit trusted transactions and agreements to be carried out among disparate anonymous parties without the need for a central authority. Legal system or

Category: Contract

explain what is contract administration

Contract management or contract administration is the management of contracts made with customers, vendors, partners or employees.

Category: Contract

what does it mean if you signed a contract

Contract signing means that the parties signing the document agree to the terms in it and their contractual duties and obligations.

Category: Contract
Document (24)

bylined definition or meaning

A byline is the line showing the author’s name at the beginning of an article. Basically,a bylined article is attributed to a source rather than being anonymous.

Category: Document

central repository definition or meaning

A central place where data is stored and maintained. A repository can be a place where multiple databases or files are located for distribution over a network, or a repository can be a location that is directly accessible to the user without having to travel across a network.

Category: Document

how do you compare word documents 2010

To compare two documents. Open the documents that you want to compare. On the review tab, in the Compare group, click Compare. Click Compare two versions of a document. If either version of the document has tracked changes, Microsoft Word displays a message box.

Category: Document

what is docusign address

Docusign is a company based in San Francisco, California that helps organizations connect and automate how they prepare, sign, act on and manage agreements. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature, a way to sign electronically on practically any device, from almost anywhere, at any time.

Category: Document

what is docusign wiki

Docusign is a company based in San Francisco, California that helps organizations connect and automate how they prepare, sign, act on and manage agreements. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature, a way to sign electronically on practically any device, from almost anywhere, at any time.

Category: Document

explain how to add comments to a word document

Select the text you want to comment on or click at the end of the text. On the Review tab, click New Comment. Type your comment. Word shows comment in a balloon in the documents margin.

Category: Document

explain how to redline a document

You can redline a Microsoft Word document by using Microsoft Word’s built-in ‘Track Changes’ feature or you can manually redline the document with font colour changes and strike-throughs.

Category: Document

explain how to redline a word document

You can redline a Microsoft Word document by using Microsoft Word’s built-in ‘Track Changes’ feature or you can manually redline the document with font colour changes and strike-throughs.

Category: Document

explain how to redline in word

Redlining is a form of editing in which red ink is used to indicate removal or addition of text in Microsoft word.

Category: Document

explain if the oxford comma necessary

The practice is controversial and is known as the serial comma or Oxford comma, because it is part of the house style of Oxford University Press. Some use it only where necessary to avoid ambiguity, in contrast to such guides as Garner’s Modern American Usage, which advocate its routine use to avoid ambiguity.

Category: Document

what is itil documentation

ITIL is a set of detailed practices for IT service management that focuses on aligning IT services with the needs of the business. .ITIL describes procedures, processes, tasks and checklists which are not organization-specific nor technology-specific but can be applied by an organization for establishing integration with the organizations’s strategy, delivering value and maintaining

Category: Document

explain merge word files

The ‘insert’ tab allows you to subtly merge documents. Locate ‘Object’ , press a small triangle next to it and click Text from File’ from the drop down menu. After that you can select files to be merged into the current document. By pressing and holding Ctrl to select more than one document.

Category: Document

explain microsoft word redline

Redlining is a form of editing in which red ink is used to indicate removal or addition of text in Microsoft word.

Category: Document

explain on your behalf

The relationship of a person (called the agent) who acts on behalf of another person, company or government, know as the principal. ‘Agency ‘ may arise when an employer (principal) and employee (agent) ask someone to make a delivery or name someone as an agent in a contract.

Category: Document

explain a quick edit

Quick Edit is the most practical text editor for Android. It allows you to mark specific columns to be editable directly from the digital view. For example Quick Edit is ideal for updating the ‘Status’ field of a record without editing the full record.

Category: Document

what is a redline document

You can redline a Microsoft Word document by using Microsoft Word’s built-in ‘Track Changes’ feature or you can manually redline the document with font colour changes and strike-throughs.

Category: Document

what are redline edits

Redlining refers to marking texts that have been edited. Typically, redlining is used when two or more people are working on a document together; each individual can redline the text he or she has added

Category: Document

redline definition or meaning

You can redline a Microsoft Word document by using Microsoft Word’s built-in ‘Track Changes’ feature or you can manually redline the document with font colour changes and strike-throughs.

Category: Document

what is redline online

Redlining is a form of editing in which red ink is used to indicate removal or addition of text in Microsoft word. You can redline a Microsoft Word document by using Microsoft Word’s built-in ‘Track Changes’ feature , or you can manually redline the document with font colour changes and strike-throughs.

Category: Document

redline solutions definition or meaning

Redline solutions help companies improve accuracy and productivity across their supply chain by combining the right blend of software, hardware and services enabling their customers to succeed in today’s marketplace.

Category: Document

what is a redline version

Redline version is a package which includes both the new edition of a Publicatio and it’s Redline version.

Category: Document

how do you redline a word document

In word processing , redlining refers to marking text that has been edited. Typically, redlining is used when two or more people are working on a document together ; each individual can redline the text he or she has added or edited.

Category: Document

definition or meaning of sox documentation

Sox documentation requires a report outlining executive management’s responsibility for internal controls and procedures for financial reporting, as well as a current assessment of their effectiveness.

Category: Document

explain what it is when you redline a document

Redlining is a form of editing in which red ink is used to indicate removal or addition of text in Microsoft word. You can redline a Microsoft Word document by using Microsoft Word’s built-in ‘Track Changes’ feature , or you can manually redline the document with font colour changes and strike-throughs.

Category: Document
Legal (73)

Essential basic rudimentary

Category: Legal

anticipatory repudiation definition or meaning

Also known as an anticipatory breach this is a term in the law of contracts that describes a declaration by the promising party to the contract that he or she does not intend to live up to his or her obligations under the contract.

Category: Legal

explain if emails are legally binding

Most people assume that the law generally requires a written, signed agreement for a transaction to be legally binding. However, an email exchange can also satisfy the legal requirements and collectively constitute a binding contract.

Category: Legal

what does batna stand for

Best Alternative to a Negotiated Agreement is the most advantageous alternative that a negotiating party can take if negotiations fail and an agreement cannot be reached.

Category: Legal

definition or meaning of best efforts clause

Subject to the terms and conditions provide in the Agreemne, each of the parties shall use their respective best efforts in good faith to take or cause to be taken as promptly as possible all reasonable actions that are within its power to cause to be fulfilled those of the conditions precedent to its obligations.

Category: Legal

breach breach breach definition or meaning

An act of breaking or failing to observe a law ,agreement or code of conduct.

Category: Legal

explain breach definition law

A breach is a violation of a law,duty or promise.

Category: Legal

breach definition or meaning

An act of breaking a law, promise, agreement or relationship.

Category: Legal

cobblestone definition or meaning

Cobblestone Software is an enterprise contract lifecycle management system for organizations of all sizes, helping them better manage contracts, agreements and vendor and customer obligations. It offers a robust, user-friendly solution that empowers businesses to successfully manage the entire contract lifecycle.

Category: Legal

what is a cobblestone framework

The Cobblestone Framework is a Machine Framework containing a Cobblestone Controller.

Category: Legal

cobblestone definition or meaning

Cobblestone Software is an enterprise contract lifecycle management system for organizations of all sizes, helping them better manage contracts, agreements and vendor and customer obligations. It offers a robust, user-friendly solution that empowers businesses to successfully manage the entire contract lifecycle.

Category: Legal

provide common law examples

Common law is defined as a body of legal rules that have been made by judges as they issue rulings on cases, as opposed to rules and laws made by the legislature or in official statutes. An example of common law is a rule that a judge made that says that people have a duty to read contracts.

Category: Legal

explain common law rules

Common law is defined as a body of legal rules that have been made by judges as they issue rulings on cases, as opposed to rules and laws made by the legislature or in official statutes. An example of common law is a rule that a judge made that says that people have a duty to read contracts.

Category: Legal

definition or meaning of consideration

Consideration is a English common law concept within the law of contract and is a necessity for simple contracts (but not for special contracts by deed). The concept of consideration has been adopted by other common law jurisdictions, including the US. Consideration can be anything of value (such as goods, money, services or promisesof any of these) which each party gives as a quid pro quo to support their side of the bargain. Mutual promises constitute consideration for each other. if one party offers consideration, the agreement is a bare promise and is unenforceable.

Category: Legal

consideration law explanation

Consideration is a English common law concept within the law of contract and is a necessity for simple contracts (but not for special contracts by deed). The concept of consideration has been adopted by other common law jurisdictions, including the US. Consideration can be anything of value (such as goods, money, services or promisesof any of these) which each party gives as a quid pro quo to support their side of the bargain. Mutual promises constitute consideration for each other. if one party offers consideration, the agreement is a bare promise and is unenforceable.

Category: Legal

definition or meaning of anticipate

The performance of an act or obligation before it is legally due.

Category: Legal

definition or meaning of burden

Assignment involves the transfer of an interest or benefit from one person to another. However, the ‘burden’ or obligations under a contract cannot be transferred. Only the benefits of a contract can be assigned not the burden.

Category: Legal

definition or meaning of disposition

The term disposition has two legal meanings: when used in the context of litigation: it refers to a court’s final determination of a case or issue: when used in relation to property it refers to the act of transferring or relinquishing of that property to another’s care or possession usually by deed or will.

Category: Legal

definition or meaning of distinguish

To distinguish one case from another means to show the dissimilarities between the two. It means to prove a case that is cited as applicable to the case currently in dispute is really inapplicable because the two cases are different.

Category: Legal

definition or meaning of doubtful

A doubtful contract means either that it’s doubtful whether the purported contract is in fact a binding contract, that it’s doubtful the contract means what somebody thinks it means or that it’s doubtful that the contract is enforceable.

Category: Legal

definition or meaning of miscellaneous

The ‘miscellaneous provisions’ portions of a contract are where all the random, seemingly uninteresting provisions are found.

Category: Legal

definition or meaning of stale

A stale claim or demand is one that has not been pressed or asserted for so long a time that the owner or creditor is chargeable with laches and that changes occuring meanwhile in the relative situation of the parties,or the intervention of new interests or equities, would render the enforcement of the claim or demand against conscience.

Category: Legal

definition or meaning of terminate

To terminate a contract means to end the contract prior to it being fully performed by the parties. In other words prior to the parties performing all of their respective obligations required by the contract their duty to perform these obligations ceases to exist.

Category: Legal

definition or meaning of vendor

A vendor, also known as a supplier, is an individual or company that sells goods or services to someone else in the economic production chain.

Category: Legal

dynamics of a relationship definition or meaning

Business relations are connections between stakeholders in the process of businesses, such as employer-employee relationships, managers as well as outsourced business partners. These can be continually changing, growing and developing.

Category: Legal

what is e sign law

The ESIGN Act is a federal law passed in 2000. It grants legal recognition to electronic signatures and records if all parties to a contract choose to use electronic documents and to sign them electronically. No contract, signature or record shall be denied legal effect solely because it is in electronic form.

Category: Legal

what is the electronic signature act

The ESIGN Act is a federal law passed in 2000. It grants legal recognition to electronic signatures and records if all parties to a contract choose to use electronic documents and to sign them electronically. No contract, signature or record shall be denied legal effect solely because it is in electronic form.

Category: Legal

definition or meaning of elements of consideration

Consideration in contract law is simply the exchange of one thing of value for another. It is one of the six elements that must be present for a contract to be enforceable. Consideration must be both legally sufficient and bargained for by the receiving party.

Category: Legal

definition or meaning of enforceable

An enforceable contract is any legal contract which carries the force of law behind it. It is a legal agreement between two parties which is legally binding. An enforceable contract is any legal agreement btween two parties which is not restricted to any laws.

Category: Legal

essential clause definition or meaning

An essential clause in a contract generally will include some terms, either expressed or implied, that will the form the basis of the agreement. These terms may outline contract conditions or contract warranties. Contract conditions are fundamental to the agreement.

Category: Legal

exception clause definition or meaning

An exception clause allows that which is contrary to normal expectations. An example is a mortgage provision allowing the skipping of a payment in July. This is contrary to the normal expectation of paying every month.

Category: Legal

exclusion clause definition or meaning

An exclusion clause is a term in a contract which seeks to exclude or limit the liability of one of the parties. For example, it may state that a party has no liability if the contract is breached or alternatively seek to limit the range of remedies available or the time in which they can be claimed.

Category: Legal

explain the federal acquisition streamlining act

This is a United States law that was enacted in 1994 with the goal of lowering procurement barriers.

Category: Legal

explain and definition force majeure clause

A ‘force majeure’ clause (French for’superior force’) is a contract provision that relieves the parties from performing their contractual obligations when certain circumstances beyond their control arise, making performance inadvisable, commercially impracticable, illegal or impossible.

Category: Legal

provide a force majeure clause sample

A force majeure clause is a contract provision that allows a party to suspend

Category: Legal

force majeure definition or meaning

Force majeure means unforseeable circumstances that prevent someone from fulfilling a contract. It is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties eg war or hurricane.

Category: Legal

fully executed definition or meaning

A fully executed document is a contract that has become effective as a result of the signatures authorized representatives of the parties to the agreement.

Category: Legal

explain a fully executed agreement

Fully executed means that all parties have agreed to the terms and conditions of the proposed contract by signing and initialing any changes to the written document.

Category: Legal

provide an indemnity clause sample

The Warrant Agent shall be liable hereunder only for its own gross negligence, willful misconduct or bad faith. The Company agrees to indemnify the Warrant Agent and save it harmless against any and all liabilities, including judgements, costs and reasonable counsel fees, for anything done or omitted by the Warrant Agent in the execution of this Agreement, except as a result of the Warrant Agent’s gross negligence, willful misconduct or bad faith.

Category: Legal

definition or meaning of lack of integrity

The obligation to act with integrity is a common feature of most professional codes of conduct. A lack of integrity does not necessarily equate to dishonesty. Integrity refers to the higher ethical standards that society holds professionals to compared to the general public.

Category: Legal

legal signature definition or meaning

A legally binding signature makes an agreement official once all parties have placed their signatures on a contract. Signatures are the most common method of indicating that you have read over and agreed to the terms ,

Category: Legal

limitation of liability clause example

The limitation clause should set out: The losses each party accepts to compensate wthout limit, eg fraud,death and personal injury. The losses each party accepts to cap and the amount of damages a party will be liable for …. If these are excluded, any such clause will be unenforceable.

Category: Legal

definition or meaning of main responsibilities

All contracts must be assigned to an individual within the department known as the departmental contract administrator who is responsible for performing or tracking performance, administration, addressing routine issues that may arise under the contract and alerting Contracting and Purchasing Services when a contract requires modification, renewal or cancellation.

Category: Legal

majeure definition or meaning

Majeure means major/superior

Category: Legal

definition or meaning of mirror image rule

In the law of contracts, the mirror image rule, also referred to as a unequivocal and absolute acceptance requirement, states that an offer must be accepted exactly with no modifications. The offerer is the master of one’s own offer.

Category: Legal

mirror image rule definition or meaning

In the law of contracts, the mirror image rule, also referred to as a unequivocal and absolute acceptance requirement, states that an offer must be accepted exactly with no modifications. The offerer is the master of one’s own offer.

Category: Legal

definition or meaning of necessary clause

The Necessary and Proper clause is a section of the United States Constitution that enables Congress to make the laws required for the exercise of its other powers established by the Constitution.

Category: Legal

definition or meaning of no negotiation

No negotiation means that something is not open to negotiation. For example ” The terms of this contract are absolutely non-negotiable; the company will not budge. “

Category: Legal

what is the oxford comma court case

This is a 2014 case in which a group of delivery- truck drivers sued their employer, Oakhurst Dairy, for unpaid overtime and lost wages. The company settled with the drivers for $5 million.

Category: Legal

explain the oxford comma debate

The Oxford (or serial) comma is a comma placed between the last two items in a series of three or more. For instance, “I like cake, pizza, and ice cream.” Proponents of the Oxford comma argue it’s necessary to avoid potential ambiguity. It is also placed before the conjunction “and ” or “or”. There is a hot debate around its use because this is technically an optional punctuation mark, and in some sentences it clearly helps understanding and removes ambiguity while in others it can be reduntant.

Category: Legal

please give me an oxford comma example

The Oxford comma is the one after “toast” in this sentence ; “We had eggs, toast, and oatmeal for breakfast”.

Category: Legal

definition or meaning oxford comma jfk

The use of the Oxford comma eliminates the possibility of confusion that can otherwise arise. For example, consider the sentence, ” We invited two strippers, JFK and Stalin.”It’s not clear whether that means two strippers plus JFK and Stalin, for a total of four people or whether the strippers are JFK and Stalin. In contrast, inclusion of an Oxford comma renders the meaning unambiguous: “We invited two strippers, JFK, and Stalin.”

Category: Legal

definition or meaning of oxford comma

The Oxford comma is a comma before the final item in a list. It’s also called the “serial comma”.

Category: Legal

definition or meaning of oxford comma stalin

The use of the Oxford comma eliminates the possibility of confusion that can otherwise arise. For example, consider the sentence, ” We invited two strippers, JFK and Stalin.”It’s not clear whether that means two strippers plus JFK and Stalin, for a total of four people or whether the strippers are JFK and Stalin. In contrast, inclusion of an Oxford comma renders the meaning unambiguous: “We invited two strippers, JFK, and Stalin.”

Category: Legal

explain ponder in a sentence

Take a few minutes and ponder the question before you jump to a conclusion.

Category: Legal

definition or meaning of privacy

In general the right to be free from secret surveillance and to determine whether, when, how, and to whom, one’s personal or organisational information is to be revealed.

Category: Legal

explain quantum meruit

Quantum meruit is a reasonable sum of money to be paid for services rendered or work done when the amount due is not stipulated in a legally enforceable contact.

Category: Legal

definition or meaning of repudiation

Repudiation of a contract means a refusal to perform the duty or obligation owed to the other party. Anticipatory Repudiation is an act or declaration before performance is due under a contract that indicates that the party will not perform his or her obligation on the future date specified in the contract.

Category: Legal

definition of specific performance in the legal sense

Specific performance is an equitable remedy in the law of contract, whereby a court issues an order requiring a party to perform a specific act, such as to complete performance of the contract. Specific performance is commonly used in the form of injunctive relief concerning confidential information or real property.

Category: Legal

definition or meaning of statute of frauds

This is a requirement that certain contracts ( such as for sale of land, sale of goods exceeding a certain value, a debt guaranty) must be in writing and properly executed to prevent fraud and perjury. Otherwise such contracts cannot be enforced in the courts although they remain legal ( are not rendered void ) .

Category: Legal

explain a successful negotiation

Negotiation is the key to business success. Successful negotiation involves good interpersonal and communication skills, used together to bring a desired result. Improved supplier relationships, sustainable competitive advantage and managing conflicts effectively are all advantages of successsful negotiations.

Category: Legal

what does sue for specific performance mean

When you sue for breach of contract, you can generally sue for money compensation. However, in some circumstances you can sue for “specific performance”, which means the judge orders the seller to actually go through with the contract and transfer the property to you.

Category: Legal

explain the mirror image rule

In the law of contracts, the mirror image rule,also referred to as an unequivocal and absolute acceptance requirement, states that an offer must be accepted exactly with no modifications. The offeror is the master of one’s own offer.

Category: Legal

types of clauses definition or meaning

A section, phrase , paragraph or segment of a legal document, such as a contract, deed , will or constitution that relates to a particular point.

Category: Legal

definition or meaning of unfulfilled

Any obligation to provide a good service that has not be filled.

Category: Legal

definition or meaning of unfulfilled definition

Any obligation to provide a good or service that has not be filled.

Category: Legal

explain what under duress means

Duress occurs when one party exerts improper pressure on another party and that party feels they have no choice but to enter into the agreement or transaction as a result. Duress makes the agreement voidable.

Category: Legal

anticipation definition or meaning

To offset losses against future or unrealised earnings.

Category: Legal

definition or meaning ofcorrespondence

The exchange of information in a written format for the process of business activities,

Category: Legal

explanation of disposition

The act of getting rid of an asset or security through a direct sale or some other transfer method.

Category: Legal

definition or meaning of force majeure

Unforeseeable circumstances that prevent someone from fulfilling a contract. A standard clause in construction and supply contracts it exempts parties from fulfilling their contractual obligations for causes that could not be anticipated and or are beyond their control.

Category: Legal

explaination of miscellaneous

Costs that are grouped together on a balance sheet because of a lower monetary value , like meals or ticket prices.

Category: Legal

definition or meaning of quantum meruit

A reasonable sum of money to be paid for services rendered or work done when the amount due is not stipulated in a legally enforceable contract.

Category: Legal
NHS (16)

explanation of 247 time

A booking system used throughout the NHS to manage temporary workers

Category: NHS

definition or meaning of allocate cloud

The Allocate Cloud removes reliance on internal infrastructure and the associated costs whilst securing data from the constant threat of cyber attacks.

Category: NHS

allocation definition or meaning

NHS England is responsible for determining allocations of financial resources to Clinical Commissioning Groups. Total annual budgets given to CCGs cover the majority of NHS spending. The allocations process uses a statistical formula to make geographic distribution fair and objective, so that it more clearly reflects local healthcare need and helps to reduce health inequalities

Category: NHS

bsms definition or meaning

BSMS stands for the Brighton and Sussex Medical School

Category: NHS

employee online lpt definition or meaning

LPT is the Leicestershire Partnership NHS Trust. Employee Online enables staff members to view all aspects of their roster in the past, present and as far into the future as the rosters have been published. This includes annual leave, enhanced hours, training days, skills and certificates and their pay records before they receive their paper pay slips from payroll. It also allows users to request duties and time off for future off duties, submit their timesheets online and log their bank availabity.

Category: NHS

explanation of eroster nbt

HealthRoster is the UK’s most widely-used e-rostering solution. It is used by the nbt to ensure faire safer shifts for staff and to improve care.

Category: NHS

explanation of erostering nbt

Erostering can bring together, in one central place, management information on shift patterns( including individual’s preferred shift patterns ), annual leave, sickness absence, staff skill mix and movement of staff between wards. This enables managers to quickly build rotas to meet patient demand. Employers are able to access the system to check their rotas and make personal requests.

Category: NHS

family optima definition

A specialist supported housing service working with a wide variety of people with varying support needs.

Category: NHS

lpt employee online definition

LPT is the Leicestershire Partnership NHS Trust. Employee Online enables staff members to view all aspects of their roster in the past, present and as far into the future as the rosters have been published. This includes annual leave, enhanced hours, training days, skills and certificates and their pay records before they receive their paper pay slips from payroll. It also allows users to request duties and time off for future off duties, submit their timesheets online and log their bank availabity.

Category: NHS

definition or meaning of meet the team

A way of introducing the group of professionals working together in a department or specialism.

Category: NHS

definition or meaning of nbt eroster

Erostering can bring together, in one central place, management information on shift patterns( including individual’s preferred shift patterns ), annual leave, sickness absence, staff skill mix and movement of staff between wards. This enables managers to quickly build rotas to meet patient demand. Employers are able to access the system to check their rotas and make personal requests.

Category: NHS

nhft definition or meaning

NHFT stands for Northamptonshire Healthcare NHS Foundation Trust.

Category: NHS

nhsp app definition or meaning

The NHS app should be fully rolled out by 1st July 2019. The app will enable patients to book and manage appointments, order repeat prescriptions, view medical records, consult NHS 111, register as an organ donor and choose whether the NHS uses their data for research and planning.

Category: NHS

definition or meaning of owamail

Outlook Web Access is a full-featured, web-based email client with the look and feel of the Outlook Cli

Category: NHS

definition or meaning of roster nbt

NBT stands for The North Bristol NHS Trust . They use HealthRoster to manage their e- roster.

Category: NHS

zircadian definition or meaning

The leading provider of software and services for managing doctors in the U.K.

Category: NHS
Technical (22)

definition or meaning of background image center

The background -position property sets the starting position of a background image. You can use a combination of position keywords:center, top, bottom, left and right, background-position : center center; The background image will be positioned in the center of the element.

Category: Technical

cell reference definition or meaning

A cell reference or cell address is a alphanumeric value used to identify a specific cell in a spreadsheet. Each cell reference contains one or more letters followed by a number. The letter or letters identify the column and the number represents the row.

Category: Technical

codex stanford definition or meaning

Codex The Stanford Center for Legal Informatics. Codex faculty, staff and fellows offer courses on the rapidly changing field of legal technology.

Category: Technical

explanation of compute

Compute, in modern computing, refers to activities, applications or workloads that require more processing resources than its memory or I/O resource requirements. Generally speaking, compute is used to describe concepts and objects geared towards computation and processing.

Category: Technical

define purge definition or meaning

To systematically and permanently remove old and unneeded data. The term purge is stronger than delete. It is often possible to regain deleted objects by undeleting them but purged objects are gone forever.

Category: Technical

drill down definition or meaning

Drill down is a term used by computer systems people to describe the act of clicking with a computer mouse down through several levels of folders or dropdown menus to reach a specific file. application or folder etc.

Category: Technical

explanation of export to excel

Format a column in Excel. 1. Open the destination Excel workbook and then display the worksheet that contains the exported data. 2. Right-click a column or a selected range of cells and then click Format Cells. 3. On the Number tab, under Categories, select a format, such as Text, Number, Date or Time. 4. Click ok.

Category: Technical

explanation of form control

Controls are objects that display data or make it easier for users to enter or edit data, perform an action, or make a selection. in general, controls make the form easier to use. Examples of common controls include list boxes, option buttons and command buttons.

Category: Technical

browser refresh definition or meaning

1. Open the page you want to refresh. Go to the web address of the page (or click the tab for the page) that you want to refresh. 2. Click the Refresh icon. It’s a circular arrow-shaped icon at the top of the browser window, typically found in the upper-left side. 3. Use a keyboard shortcut. In virtually all browsers, pressing the F5 key will cause the current page to refresh (on some Windows computers, you may have to hold down Fn while pressing F5). If you can’t find the F5 key, there are other operating system-specific shortcuts you can use. Windows-Hold down Ctrl and press R.

Category: Technical

signature block explanation

1. Open Adobe Acrobat. 2. Click on the Tools menu on the upper right. 3. Expand the forms section and click edit. 4. If prompted to auto-detect form fields, click no. 5. Under the tasks section, click Add New Field>Digital Signature. 6. Drag a rectangle to create the desired size of the signature field. optionally label the field for the intended signer(E.g Author, Approver,QC, Witness, etc.) 7. If your PDF has multiple pages and the next signature is on a different age, click the corresponding page under the Fields section to move to that page. 8. Again under the Tasks section, click Add New Field>Digital Signature. 9. Drag another rectangle to place the next signature field and optionally label it for the suggested signer. 10. Repeat this process until all needed signature fields are in place. 11. When finished, click Close Form Editing to exit the form editor. 12. SAve your PDF ; the document is now ready for signing.

Category: Technical

how to archive a website explanation

Probably one of the simpler solutions to archive websites permanently is to save the webpage as an offline copy on your hard drive. That way you don’t even need an internet connection to see it. If you’re performing research, saving the websites to a folder on your computer will help collate all the information you need that can be accessed offline and shared with others easily. If you just right-click a web page and click “Save as…” it will save a website in a HTML format. While this does work, it might not be ideal for sharing or reading later. A much more convenient way to archive websites permanently is by saving them as PDF files. If you use Chrome, you can find a “Save as PDF” option when printing a web page. Just go to print it as normal, then click to change the device and select the PDF option. Instead of printing a physical copy, Chrome will simply save the page as a PDF on your computer. If you’re using a different browser, a different browser , there are several plugins and websites available. If you just want to save the text on a webpage simply copy-paste the text into a word processor of your choice and save it for safekeeping.

Category: Technical

definition or meaning of hyperlink

A hyperlink is a word, phrase or image that you can click on to jump to a new document or a new section within the current document. For example, in an online reference work such as Google, many words and terms in the text are hyperlinked to definitions of those terms.

Category: Technical

locale definition definition or meaning

A locale is defined as a set of parameters that define a person’s location, age, gender, language and any other bits of information that a user wants to put in .

Category: Technical

definition or meaning of look and feel

In software design, look and feel is a term used with respect to a graphical user interface and comprises aspects of it’s design

Category: Technical

mask definition definition or meaning

A mask or bitmask is data that is used for bitwise operations, particularly in a bit field. Using a mask, multiple bits in a byte, nibble, word etc can be set either on, off or inverted from on to off (or vice versa) in a simple bitwise operation.

Category: Technical

definition or meaning of guid

The New-Guid cmdlet creates a random globally unique identifier (GUID). If you need a unique ID in a script, you can create a GUID, as needed.

Category: Technical

definition of software release notes

Release notes are documents that are distributed with software products, sometime when the product is still in the development stage. For products that are already in use by clients, the release note is delivered to the customer when an update is released.

Category: Technical

technical development definition or meaning

The systematic use of scientific, technical, economic and commercial knowledge to meet specific business objectives and requirements.

Category: Technical

definition of count

In general, count refers to the number of objects or items. For example, you could view the statistics or a document and get the total word count. Count is also a Microsoft Excel and other spreadsheet function that counts a cell if it contains a numeric value.

Category: Technical

global variable definition or meaning

Global variables are variables which are accessible globally or everywhere throughout the program.

Category: Technical

CSV definition or meaning

A Comma Separated Values file is a delimited text file that uses a comma to separate values. All CSV files are plain text files, can contain numbers and letters only, and structure the data contained within them in a tabular or table form. Each line of the file is a data record. Each record consists of one or more fields, separated by commas.

Category: Technical

whiteboard Wednesday definition or meaning

Whiteboard Wednesdays are weekly online videos to help you challenge how you think about money, help you make better decisions, stress less and help you get up to speed on key ecommerce with on-site conversation topics.

Category: Technical

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