Assemble to order

Manufacturing standardized components to create stock and use them subsequently in accordance with the choice of customer.

Asked price

The lowest acceptable price of a given stock.

Asian development bank (ADB)

This bank was set up with two objectives in view: 1)to promote economic co-operation among countries of the Asian-Pacific region & 2) to ensure speedy economic development of the under developed countries of the region. Functions under the umbrella of the World Bank.

ASEAN

Stands for the Association of South-East Asian Nations. It is a consortium of developing nations of South East Asia.

ASCII

American Standard Code for Information Interchange: a standardized system of representing letters, numbers etc. in digital format allowing basic text to be understood and correctly interpreted by all computers irrespective of their type. ASCII is for text handling only, and does not extend to processing commands.

Artificial variable

It is a non-negative variable. It is brought into use to ease the process of computation of an initial basic feasible solution in programming techniques.

Artificial intelligence

Teaching a computer to think logically as a human being.

Articles of association

These are internal list of activities or regulations which a registered company must follow.

Arthur D. little co’s product life-cycle matrix

This matrix combines the periods of the products life cycle with the business strength.

Arrestment

Attachment of property for the satisfaction of a debt.

Arrears

Any bill or invoice which remains unpaid beyond its due date.

Arithmetic progression

A term in mathematics; it refers to a series of terms or quantities when the difference between any two successive terms in the series is constant.

Arithmetic mean

A term in mathematics; which shows the average of a number of similar quantities, it is obtained by adding the quantities and dividing the total by the number of such quantities.

Ariel

A stock-exchange term; when dealers do not interfere in buying and selling of shares and it is effected directly, it is called Ariel.

Architect

A qualified professional in the art of designing, building and structures.

Arbitrator

Someone who is not a party to a dispute and acts as a mediator and whose verdict is final and binding on the disputant parties.

Arbitration

Refers to the method of dispute settlement out of court, through an arbitrator.

Arbitrage

Is a swapping or switching over funds from one instrument to another, taking advantage of the differentials and so to maximize gains.

AQL

Stands for acceptable quality level.

APR

Annual/annualized percentage rate.

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