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Tooltip Categories: Economics & Finance

trust

A trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to

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Trojan horse

Type of malware that masquerades as a legitimate file or helpful program with the ultimate purpose of granting a hacker unauthorized access to a computer.

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turnkey

Turnkey is a product or service that is designed, supplied, built, or installed fully complete and ready to operate. The term implies that the end

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turnover

For a company, the ratio of annual sales to inventory; or equivalently, the fraction of a year that an average item remains in inventory. (source:

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trial

The judicial examination of the issues in a civil or criminal cause by a competent tribunal and the determination of these issues in accordance with

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triple bottom line [TBL]

According to Economist magazine, in 1994 John Elkington founded a British company named Sustainability and coined the term “triple bottom line» (criteria for measuring organizational

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trial balance

Aggregate of all debit and credit balances at the end of an accounting period that shows if the general ledger is in balance (total debits

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trial period

A period of time during which someone or something is tested. (source: http://www.thefreedictionary.com/trial+period)

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triple-A rating [AAA]

Excellent evaluation of the credit worthiness of a debtor, especially a business (company) or a government. The evaluation is made by a credit rating agency

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transposition error

A simple error of data entry. Transposition errors occur when two digits that are either individual or part of a larger sequence of numbers are

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