Tag: item

What is an 'On-Us Item' An on-us item is a check or draft that is presented to the bank where the check...

What does 'Make To Order - MTO' mean Make to order (MTO) is a business production strategy that typically allows consumers to...

What is 'Absolute Auction' A type of auction where the sale is awarded to the highest bidder. Absolute auctions do not have...

What is a rain check and how can it be used A rain check is a document that allows the bearer to purchase an item...

What is 'Sales Price Variance' The difference between the amount of money a business expects to sell its products or services for...

DefinitionBait-and-switch is a form of fraud used in retail sales, but also employed in other contexts. Bait And Switch What is 'Bait And...

What is 'Canceled Order' 1. A previously submitted order to purchase or sell a security that is canceled before it has been...

DefinitionA quartile is a type of quantile. The first quartile is defined as the middle number between the smallest number and the median of...

What is a qualified appraisal and why do you need one When you're buying or selling a home, it's important to have a qualified appraisal....

What is a Veblen Good A Veblen good is a type of consumer good for which demand increases as the price increases. This occurs because...