Business terms and jargon explained. Your business dictionary

What is Auction

This is a process of buying where bids are submitted in an attempt to outbid competitors to win/ buy a product and service for the bid price. The highest bidder wins. Bidding normally take place in an auction room where bidder may bid by phone or in person.

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Administration order Euromarkets To adduce Objects clause
Cloud computing Obscuration Interest rate risk Writ of Execution
Unpaid dividend Representation order Price Transparency Seigniorage
A.K.A BTW WERS Golden Handcuffs
Declaration of incompatibility Vendors VRN CVC
CRN Usury Demand In camera
Long Term Debt Assignor Imaging Repo
Counterparty Troy pound Bill of indictment Gross value added - GVA
Covenant Visible Trade Locus in quo Firewall
CTR Procurement Confidentiality agreement Artificial Intelligence

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Directors Guarantee Letter
Get one of the directors to guarantee you get your money if the business can't pay
Price: 9.99
Joint Venture Agreement
Work together for a common business goal and gain benefits and co-operation from others.
Price: 42.99
Standard Terms and Conditions
Standard Terms for business that supply either products or services
Price: 17.99
Software Licence
Gives a licence to a user for the use of the software and restricts liability of the vendor.
Price: 34.99

Term created / updated 2011-06-19 17:45:06

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

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