Business Terms and Jargon Explained

What is Back Door

This phrase is used to describe a method which is used to gain an advantage which uses questionable ethics. Also used to describe a not so conventional method of achieving something.

E.g. Jane got a job in the company because her brother is the managing director. There was no need to hold an interview. Gaining a job in a company usually requires an interview and a recruitment process is usually followed.

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Margin Scheme Legal Services Ombudsman European Court of Justice
INGO Fringe time Equity Rates
Obiter dictum Tax Exemption FMCG
Gazundering Accepting house Contingent Beneficiaries
Cross examination Budget Gazumping
Hedge Directives - EU Deductible VAT
Garage Sale Quid pro quo Account monitoring order
Instalment CHAPS Plaintiff
Charging Order MENA Free Zone
Social justice Balancing Charge Period Entry
Securities Security for Loans IOU
Writ Landlord Reference Economist
Medium of exchange Multicurrency Solvency

Term created / updated 2006-03-27 07:30:55

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