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Tooltip Categories: Economics & Finance

Three F’s

The three F’s is a common funding source for small business: Friends, Family and Fools.

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ticket

A small piece of paper or card given to someone, usually to show that they have paid for an event, journey, or activity. (fuente: ( 

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time deposit

A money deposit at a banking institution that cannot be withdrawn for a certain «term» or period of time (unless a penalty is paid). (source:

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time sharing

A hybrid form of ownership. A time share is the right to occupy a unit of real estate property, such as a condominium or vacation

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terms of service

The rules a person or organization must observe in order to use a service. A Web site that provides only information or sells a product

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tertiary sector

The basic characteristic of this sector is the production of services instead of end products. Services, also known as intangible goods, include attention, advice, access,

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testamentary trustee

A person or institution whose duty is to carry out the terms of the will. He or she may be named in the will, or

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testator

A person who has made a valid will. (source: http://www.investorwords.com/4957/testator.html#ixzz2ifT1ViH3)

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theory of the second best

In welfare economics, the theory of the second best concerns what happens when one or more optimality conditions cannot be satisfied. Canadian economist Richard Lipsey

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third party

Someone other than the principals directly involved in a transaction or agreement. (source: http://www.investorwords.com/4963/third_party.html#ixzz2if3G9UQy)

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