Inability to honour any obligation.

A loan instrument issued at a greater discount but with compensating lower interest rate.

1) A written or printed document often used for a legal transfer of ownership and bearing the disposer’s signature. 2) A legal document that confers upon the new owner the title to a real property.

Expenses that qualify for deduction from revenue for calculation of net taxable income.

Any amount that may be deducted from total income for computation of net taxable income.

This is done by breaking the operations apart so that inventory of a particular operation has no bearing on the inventory of another operation.

Release a commodity etc. from restrictions especially those imposed by the state as regards pricing, distribution or movement.

A term in communication theory; it is the meaning that the receiver puts on a message.

A marketing term; refers to a product which is in the declining phase of its life cycle when sales and profit plummet.

Share option confers upon a buyer the right to sell a particular number of shares at a given price within a certain period of time. Declaration day is the last day of that period.

Role played by the management in the matter of taking decisions.

These are economic or physical quantities whose numerical values point out the solution of the linear programming problem.

A homogeneous activity or programme which can be treated as a unit for planning, budgeting, performance and evaluation.

A graphic representation of a network of hypothetical actions and events pointing out the possibilities of success and failure of each action that might be taken in the situation under study.

A set of activities which can be grouped as a homogeneous package with clear goals, resource needs and benefits for comparison with other similar viable alternatives.

A method of determining finite number of alternatives against a multiplicity of factors.

A mode of making choice of the best path through a network.

A process involving consideration of two or more alternatives and making final choice of one from among them.

A choice made among several alternatives with the aim of achieving a pre-set goal.

Refers to setting up of units of a particular type of industry at different places of the country.