An intermediary organization such as the government that facilitates transactions between the savers and borrowers. Time deposits are however not accepted. These intermediaries source their lending activities through the sale of securities and insurance policies to the general population. The classification of their money supply falls under one or more definitions and often falls under Ônear moneyÕ.
An independant director who is not a member of the management team.
A method of quality control that is performed on a finished item instead of a sample. As such, it leads to no damage of the tested product. Common techniques include radiography and infrared radiation which are used to detect structural flaws and excessive stress. This method is also often used to determine the authenticity of art objects and paintings.
Capital goods such as machinery that are not used up during a manufacturing process and thus retain their identity and features.
Omission on the part of a judge to properly instruct the jury upon a necessary conclusion of law.
Items that are not used up during consumption and as such retain their identity.
A less severe injury compared to partial or complete disability that is eligible for a monetary compensation. Typically includes a disability payments for a month.
Spending such as the repayment of a loan’s prinipal amount or the payment of a refund that is not charged as a usual expense.
The non coverage of disability of the rider by income policies. However, it grants for the payment of medical costs that arise due to a less severe injury that does not results in complete disability.
A monetary obligation that is not disbursed immediately upon the sale of an individual’s assets or his declaration of bankruptcy. These include the incurred but unpaid taxes.