14 Results for Tag: idea

Knowledge Economy

DefinitionThe knowledge economy is the use of knowledge to generate tangible and intangible values. Technology, and in particular, knowledge technology, helps to incorporate part of human kn


Backorder What is 'Backorder' An order for a good or service that cannot be filled at the current time due to a lack of available supply. The higher the number of items backordered, the hi

Bad Check

Bad Check What is 'Bad Check' A check drawn on a nonexistent account or on an account with insufficient funds to honor the check when presented. "Passing" bad checks is illegal, and the

Call Privilege

Call Privilege What is 'Call Privilege' The provision in a bond indenture that gives the bond issuer the option to redeem all or part of the bond issue, at pre-determined prices on certain

Pareto Analysis

DefinitionPareto analysis is a formal technique useful where many possible courses of action are competing for attention. In essence, the problem-solver estimates the benefit delivered by ea

Gas Exporting Countries Forum – GECF

DefinitionThe Gas Exporting Countries Forum is an intergovernmental organization of 16 member states that 11 of the world's leading natural gas producers made up of Algeria, Bahrain, Belarus

Data Smoothing

Data Smoothing What is 'Data Smoothing' The use of an algorithm to remove noise from a data set, allowing important patterns to stand out. Data smoothing can be done in a variety of differ

Back Of The Napkin Business Model

Back Of The Napkin Business Model What is 'Back Of The Napkin Business Model' A slang term that refers to the representation of the basic components of a business model excluding any fine

Time Value of Money

DefinitionThe time value of money is the greater benefit of receiving money now rather than later. It is founded on time preference. Time Value of Money Time value of money is a concept acco

Greater Fool Theory

DefinitionThe greater fool theory states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants. A pri
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