DefinitionKanban is a scheduling system for lean manufacturing and just-in-time manufacturing. Taiichi Ohno, an industrial engineer at Toyota, developed kanban to improve manufacturing effic

Kicking The Tires What is 'Kicking The Tires' A slang term for researching an investment before putting any money into it. The process of kicking the tires for a stock might include readin

Heath-Jarrow-Morton Model (HJM Model) What is 'Heath-Jarrow-Morton Model - HJM Model' A model that applies forward rates to an existing term structure of interest rates to determine appropr

DefinitionA hammer is a tool or device that delivers a blow to an object. Most hammers are hand tools used to drive nails, fit parts, forge metal, and break apart objects. Hammers vary in sh

Ideation What is 'Ideation' Ideation is the process of forming and relating ideas, oftentimes in a business setting. It is used to describe the sequence of thought, from idea generation to

In Escrow What does 'In Escrow' mean In escrow is an item such as money or a piece of property that has been transferred to a third party with the intentions of delivery to a grantee as pa

Natural Gas Liquids (NGL) What are 'Natural Gas Liquids - NGL' Natural gas liquids (NGL) are components of natural gas that are separated from the gas state in the form of liquids. This se

DefinitionThe Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax debt to negotiate a settle

Ombudsman What is 'Ombudsman' An official who investigates complaints (usually lodged by private citizens) against businesses, financial institutions and/or the government. An ombudsman ca

DefinitionOil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into more useful products such as petroleum naphtha, gasoline, diesel f