Tag: material
Qualified Disclaimer
What is 'Qualified Disclaimer' A refusal to accept property that meets with provisions set forth in the Internal Revenue Code Tax Reform...
Variable Overhead
What is a 'Variable Overhead' Variable overhead is the indirect cost of operating a business, which fluctuates with manufacturing activity. For example,...
General Examination
What is 'General Examination' A regulatory measure set up to give a detailed examination of all aspects of a bank. The examination...
De-Escalation Clause
What is 'De-Escalation Clause' An article in a contract that calls for a price decrease if there is a decrease in certain...
Raw Materials
DefinitionA raw material, also known as a feedstock or most correctly unprocessed material, is a basic material that is used to produce goods, finished...
Uberrimae Fidei Contract
What is 'Uberrimae Fidei Contract' A legal agreement requiring the highest standard good faith. "Uberrimae fidei" or "uberrima fides" is Latin for...
Manufacturing Resource Planning (MRP II)
What is 'Manufacturing Resource Planning - MRP II' Manufacturing Resource Planning (MRP II) is an integrated information system used by businesses. Manufacturing...
Job Footprint
What is 'Job Footprint' The scope and range of an employee's duties while under a company's employ. A secretary's job footprint might...
Japan Credit Rating Agency (JCR)
What is 'Japan Credit Rating Agency - JCR' One of the key credit rating agencies in Japan. JCR provides a number of...