Refers to the guarantee provide by either a credit guarantee institution or an individual or a financial institution to the tender on behalf of the person or institution borrowing the money. Such guarantees are common for export business.

A card issued by a firm to its customer. The card is evidence of the firm’s readiness to extend credit to the said customer for his purchase of goods and services.

A credit account with a shop for getting goods and services without making immediate payment.

1) Availing of goods and services without making cash payment for them. 2) An entry in an account as an evidence of money paid into it.

Any document that bears witness to some one’s character, educational qualification etc.

Using thought to create something.

Any one endowed with imaginative power.

An action aimed at reducing the activity time by the addition of resources.

The minimum time taken by an activity to get completed.

Cost incurred for an activity that is completed in the minimum possible time. A term used in CPM or PERT.

Any trade where manual skill is very essential.

Stands for computerized relative allocation of facilities technique.

Control programme for microprocessors. A common type of operating system.

Any business suffering from low growth rate but having high market share is known as cow business.

A method of operations research for optimizing ordering policy for stock. It is based on random sampling aimed at minimizing capital tied up in stock.

A letter inviting attention of the addressee to another letter or document enclosed with it.

A provision, aimed at protecting the interest of the bondholder, the provision is made explicit on the face of the bond.

This is the joint variation between two or more variables.

The rate of interest on the par value of a debenture or bond as recorded on the instrument.

The practice of presenting discount voucher whenever any purchase is made.