Business Terms and Jargon Explained

What is Institutional Unit

These are individual units whose data are aggregated to form the sectors of the economy. An institutional unit has decision-making autonomy in respect of its principal function and either keeps a complete set of accounts or is in a position to compile, if required, a complete set of accounts meaningful from both an economic and legal viewpoint.

Crown Copyright. Material taken from National Statistics website: Reproduced under the terms and conditions of the Click-Use Licence.

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Idem Afghani Genesis block
Arraignment Independent Complaints Reviewer Company Tax Return
Unemployed Golden Rule Pro tanto
Tynwald REDCENT Terms of Reference
Gold fix Lump Sum Distribution Non sequitur
Floating Charge Alternate bid Critical Success Factors
Make waves World Intellectual Property Office Public company or public limited company
Entrepreneur Financial Constraints Res nulis
Balance of payments (BOP) Capital expenditure Downtime
Banana Problem Cost per click In esse
Board of Directors Keelage Ofcom
PLC Foreign position Warranty liability
Fringe time Executrices Lord Chief Justice

Term created / updated 2007-01-19 15:15:35

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