Tag: process

What is 'Magnetic Ink Character Recognition Line - MICR' The information that appears at the bottom of a check that includes the...

DefinitionManagement Audit is a systematic examination of decisions and actions of the management to analyse the performance. Management audit involves the review of managerial...

What is 'Manager Universe (Benchmark)' A peer group of investment managers who have the same investment style. Manager universe data is often...

DefinitionAsset allocation is the rigorous implementation of an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset...

What is 'Abnormal Spoilage' The waste or wrecking of inventory beyond what is expected in normal business processes. Abnormal spoilage can be...

What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...

What is 'Rational Behavior' A rational behavior decision-making process is based on making choices that result in the most optimal level of...

DefinitionRational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic...

What is 'Rate Of Adoption' The number of members of a society who start using a new technology or innovation during a...

What is a 'Real Estate Short Sale' A real estate short sale is any sale of real estate that generates proceeds that...