The percentage change in profit after tax for each percentage change in sales.

An internal take-over bid through cornering shares by the management or minority shareholders group without external financing.

Use of a resource, - financial or physical – of which the cost of usage is fixed in order to increase the return on the variable resource.

All business activities can be classified into a hierarchy of three levels. They are respectively: corporate level; business level and functional level.

Is a document signed the owner or seller of goods held by the holder of some goods stating that he is holding the goods on behalf of the owner or seller, just as a trustee.

If an industrialist applies for issue of an industrial licence, he is initially granted an approval in the form of a letter of intent. It invariably contains certain conditions to be fulfilled for issue of an industrial licence. A letter showing interest in taking part in a larger deal.

A commitment letter issued by the exporter indemnifying the importer against faulty packaging, quality etc.

A term that denotes either the letter sheet including the printed letter heading or just the printed letter heading.

1) A letter from a banker authorizing a person to draw money upto a certain amount generally from another bank. The banker issuing the LC stands guarantee for the repayment of the money so authorized. 2) A document issued by a bank or financial institution in favour of a purchaser (importer) as assurance of payment against supplies made by the supplier (Exporter).

One of the standard formats used to write a letter.

The quality of printing appropriate for a business letter.

A written or printed message generally sent in an envelope by mail.

One who lets a property on lease to the leases on payment of rental and as per terms of the lease agreement. The ownership of the leased property remains vested in the lessor.

One who holds a property on lease from the lessor on payment of rental and as per terms of the lease.

A term in central banking. The central bank of a country (RBI in India) comes into assistance of the banking system when the latter needs finance in crisis and functions as the lender of last resort.

(Informal) Any defective or imperfect manufactured good.

The rich, as they are not required to work.

Authority that goes with a position, office or rank.

Is fiat money which must be accepted in statute when offered in payment for goods or services and in repayment of debt.

The presentation of personal property by will.