1) The difference between the net sales price of an item or security and its cost. This is often called a profit margin and is frequently expressed as a percentage. For example, if you pay 50 cents for a pencil and sell it for a dollar, your profit margin is 50%. 2) The difference between the face value of a loan and the market value of the collateral that secures it. 3) An investor's equity in securities purchased on credit through a broker. 4) Cash or collateral that must be deposited with a broker who agrees to finance the purchase of securities.
An accounting system maintained by hand, using paper, rather than on a computer.
1) Apparent, obvious, or evident. 2) A written list or invoice of cargo.
To sign a check, promissory note, agreement, or other document -- for example, to make a contract.
Functions such as caring for oneself, performing manual tasks, walking, seeing, hearing, speaking, breathing, learning, and working. Under the Americans with Disabilities Act, an individual is considered to have a disability if he or she has an impairment that substantially limits a major life activity.
A Federal Trade Commission rule that requires a seller to ship goods ordered by mail, phone, computer, or fax to a customer within the time promised or, if no time was stated, within 30 days. If the seller cannot ship within that period, the seller must send the customer a notice with a new shipping date and give the options of canceling the order and getting a refund or agreeing to the delay.
Short for modified accelerated cost recovery system. A method of depreciation, established by the Internal Revenue Code, for rapidly claiming depreciation tax deductions.
The concept that the amount of damages to be paid to a party in a breach of contract case should be sufficient to put that party in the position that it would have been in if the contract had been fully performed by both parties.