Terms used in business such 1MD,Above The Line,Abram's Law,Absolute Advantage,Abusive tax shelte etc.
This post explains about terms used in business such as A la Carte,Abilene Paradox,1MD,Above The Line,Abram's Law,Absolute Advantage,Abusive tax shelte,Abstract Of Title,Abstract etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
Terms used in business
(in) Lieu - The word lieu rarely appears outside of the expression 'in lieu of', which means 'instead of', or 'in place of'. For example, 'time off in lieu' means (and is a shortening of) time given off work instead of payment for extra hours worked. The word lieu is from French, 'lieu' and earlier 'leu', place, which came into English in the 1500s, originally from Latin locum/locus, place.
“Sac M” – M Bag / Sac M :sg-v2's solution that allows you to send a bag of identical Direct Marketing pieces of mail to one single address.
1 per cent 10 Net 30 :1 per cent discount if payment received within ten days otherwise payment 30 days after invoice date
1MD: Monthly credit payment of a full month's supply
2MD: As above plus an extra calendar month
800 Service Management System (SMS/800) - The centralized operations support system used to create and update toll free records that are then downloaded to Service Control Points ("SCPs") for processing toll free service calls. The system is used by RESP ORG to manage and administer toll free records.
A la Carte - Technically à la carte, an eating-place menu from which individual dishes at separate prices can be ordered, or less commonly where a side dish may be ordered at no extra charge, from the French phrase meaning 'to the menu'. Increasingly now applied to non-food services in which individual selections are offered rather than fixed provisions.
A.M. / Par avion :Air mail.
A1 - Top quality rating, applicable to various business situations, e.g., credit-worthiness, and more general references to quality and fitness for purpose.
AAA (Abbr) E-commerce - Authentication, authorization and accounting, the software verification procedures that acknowledge or validate an e-commerce user or message.
Abandonment option: FINANCE, BANKING AND ACCOUNTING the option of terminating an investment before the time that it is scheduled to end.
Abilene Paradox - A feature/cause of many poor or daft decisions by groups or committees, in which the collective (unanimous or group) decision is considered wrong or silly by individual members, and/or is clearly wrong or silly from an rational standpoint. The term is from Jerry B Harvey's book The Abilene Paradox and other Meditations on Management (Jossey-Bass, 1988): a family decide to go to Abilene, as suggested by a family member who believes others might want to go, although he had no strong personal view himself. The trip was a waste of time, after which it emerged that no-one wanted to go. The wrong group decision was caused by individual reserve and politeness, faulty assumption/assessment of the true wishes of others, combined with urge to 'follow the herd'. The group's members form false impressions of the group's preference, and blindly follow it. The effect is related, but slightly different from a risk in elections and especially tactical voting, whereby the collective effect produces an outcome nobody wants. This 'daft group decision' effect may also be likened to group decision outcomes represented by expressions such as 'designed by committee' and 'a camel is a horse designed by a committee', both of which seek to illustrate that group decisions often produce unhelpful or poor quality outcomes. The tendency is an example of 'heuristic' thinking (specifically 'following the herd'), where decisions are made instinctively and emotionally, rather than logically and rationally, and relates strongly to Nudge theory and the heuristics within it.
Abilene Paradox: GENERAL MANAGEMENT a theory stating that some decisions that seem to be based on consensus are in fact based on misconception and lead to courses of action that defeat original intentions.
Above The Fold - Originally a newspaper editorial/advertising term referring to the upper-half of the front page ('above the fold') in terms of its immediate and optimal viewing viewing position. More recently 'above the fold' has been adopted and adapted for use in internet terminology, where it refers to the upper section of a webpage that is viewable without scrolling down the page. 'Above the fold' is therefore a reference to the best (most read) position in online/printed media such that it commands highest demand/prices for editorial/advertising. It is by its nature a rather loose term, dependent on the publication itself, and especially given the different screen sizes and page layouts for content viewable online using PCs, smartphones, tablets, etc.
Above The Line - Marketing and advertising through mass-media, such as television, radio, newspapers, magazines, Internet, etc., which is less personal than Below The Line Marketing. Companies usually use advertising agencies for ATL marketing. See marketing.
Abram's Law - Construction industry theory relating to concrete strength as determined by the ratio of water to cement.
Absolute Advantage - An absolute advantage exists when a nation or economic region is able to produce a good or service more efficiently (using the same amount of resources) than a second nation or region.
Absorbed Account: An account that has lost its separate identity by being combined with related accounts in the preparation of a financial statement.
Absorbed Business: A company that has been merged into another company.
Absorbed costs: The indirect costs associated with manufacturing, for example, insurance or property taxes.
Absorption costing: An accounting practice in which fixed and variable costs of production are absorbed by different cost centers.
Abstract - A brief summary covering the main points of a written article or research project.
Abstract Of Title - A summary relating to the title to a particular piece of land. An attorney or title insurance company reviews an abstract of title to determine whether there are any title defects which must be cleared before a buyer can purchase clear, marketable, and insurable title.
Abusive tax shelter: A tax shelter that somebody claims illegally to avoid or minimize tax
Accelerated cost recovery system: A system used in computing the depreciation of some assets acquired before 1986 in a way that reduces taxes.
Accelerated depreciation: A system used for computing the depreciation of some assets in a way that assumes that they depreciate faster in the early years of their acquisition.
Accelerated Tariff Elimination - An increased rate of reduction of import duties at a faster rate than what was originally planned or decided upon.
Acceleration clause - A condition in a real estate financing instrument giving the lender the power to declare all sums owed the lender immediately due and payable upon the happening of an event, such as the sale of the property, or a delinquency in the repayment of the note.
Accelerator / Accélérateur :That part of a message intended to speed the reader's response or visit: a present, a discount, an opportunity to try the product, a game or contest, etc. – all generally with a time limit.
Acceptance - the unconditional agreement to an offer. This creates the contract. Before acceptance, any offer can be withdrawn, but once accepted the contract is binding on both sides.
Acceptance bank / Banque d'acceptation :A Bank that promises to pay a bill of exchange in return for a fee.
Acceptance Bonus - The amount paid to an employee who agrees to perform a difficult task.
Access / Access :sg-v2's world-wide discount rates for mailings with a commercial, communications or informational content.
The above details describes about terms called in business such as A la Carte,Abilene Paradox,1MD,Above The Line,Abram's Law,Absolute Advantage,Abusive tax shelte,Abstract Of Title,Abstract etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in business trade below this post. Continue reading: Related posts about free online training on export and import trade:
How to import your product?
Click here to know HS code of your product
12 Major risks and solutions in Imports and Exports
Different types of export containers
How to get GSP certificate of origin in India?
Types of export containers
Foreign Trade Policy of India 2015-20
HEPC,Handloom Export Promotion Council
PEPC,Project Exports Promotion Council of India
Powerloom Development and Export Promotion Council
Plastics Export Promotion Council
Why does Palletization require?
Why labeling and marking in Export business?
The term FCL. What is FCL means
The term LCL. What does LCL mean?
Tips to exporters on Documentation
How does First Appraisement system of import customs clearance procedures work?
How does Letter of Credit work?
How does STP units work in India?