Business Terms and Jargon Explained

What is Externality

An externality exists when the production or consumption of a good directly affects business or consumers not involved in buying and selling it and when those effects are not fully reflected in market prices.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

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Equity Line Sin Tax Clock sucker
Devils Advocate To adjourn Illegal per se
Back Door Tolar Internet Protocol Security - IPsec
Assignee Win win Golden Parachutes
Moving forward Credit Risk Mitigation Easy mark
Krugerrand Solvency In company Training
Line Manager Sanction DAN
Acquittal Letter of request Switch
Judgment Lien Bank Reconciliation Load List
Overwrite Procedure House agency Credit Note
Pay Back Period Diplomat Option to Tax
Past Service TMI Accounting Rate of Return
Acquiree Economically Inactive Prime costs

Term created / updated 2007-03-16 15:58:23

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