Category: Z

Stage of ‘just in time inventory control’ where any waste is removed and only on hand and required inventory is available.

Information technology. No time lag between information exchange to interfaces or the instant response to input.

Firm responding to events as they happen as information between departments is exchanged with no delay.

When a security sells at the price the last transaction had. This price is lower than the transaction prior to that one. Refer to minus tick, plus tick and zero plus tick.

Selling a security at the same price as the last time but higher than the one prior to it. Refer to minus tick, plus tick, and zero minus tick,

Services and products exempt from value added tax.

Decision theory. Where a participant’s gain equals another’s loss. Also known as constant sum game. See negative or positive sum game.

O. Sc. Year. “Zeir and day.” Bell.

Equity abhors superfluous things. Lofft, 282.

Ambient air that has been filtered to have less than 0.1 PPM of hydrocarbons.