A process that takes place in more than one organisational function, department or other major work unit. These form nodal points in plant and process layout.

Factor of production, stock of which has a bearing on the activity. Shortage of such a resource leads to derailing the activity.

Project management technique applied when activity times are deterministic or probabilistic.

It is a technique of planning , where numerous tasks, making up a whole job, are organised in such a manner so that cost and time are optimised.

Every business has to set minimum performance standards and capacities. These are called critical factors for success.

An event whose existence can be traced on the critical path for accelerating.

Activities on critical path. Any delay in executing or beginning these activities would delay the entire project.

A principle or standard of judgement.

Devising schemes aimed at minimizing the loss of image suffered by an organization as a result of some unfortunate occurrence.

Credit rating information services of India Limited.

An insurance that covers the insured against any losses suffered by him/it as a result of criminal offences committed against him/it.

A ledger in which accounts with creditors is maintained.

Any one to whom a debt is due to be paid.

Refers to the transfer of money from one account to another by a bank or by the post office.

It is a term in monetary policy and central banking through treasury and Central Bank intervention, credit and supply of money is reduced. This is done mainly to curb money supply and resultant inflation. In such a situation credit is scarce and interest rates are high.

A report regarding an individual or a firm which may be a basis while taking a decision about the quantum of credit that can be extended to him/it.

A specialized and methodical assessment of a person’s or institution’s suitability to obtain commercial credit.

Norms of extending credit to customers — both period of credit and the quality/category of customers.

A document issue by a seller to his buyer advising him that a stated amount has been deducted from the buyer’s account.

A document issued by a business firm to its debtor (generally a customer), showing a credit made to his account.