Business terms and jargon explained. Your business dictionary

What is AVC

Stands for "Additional Voluntary Contributions" This is contributions you pay as a member of an Occupational Pension Scheme above and over the normal contribution level. This will give additional amounts and benefits when you retirement. There may be a limited to the amount you can contribute above the normal level.

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Joint Venture Agreement
Work together for a common business goal and gain benefits and co-operation from others.
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Standard Terms and Conditions
Standard Terms for business that supply either products or services
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Software Licence
Gives a licence to a user for the use of the software and restricts liability of the vendor.
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An agreement between a web designer and website owner for the design/modification
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Term created / updated 2006-03-23 10:25:32

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