glossary of public procurement terms

... Purchase or sale of the currency of one nation with that of another. Foreign exchange rates refer to the number of units of one currency needed to purchase one unit of another, or the value of one currency ... Federal Reserve Terms Public understanding of the responsibilities of the Federal Reserve System is sometimes made difficult by the terms used in discussing the financial system. Some of the terminology ... requires the board of directors of each Reserve Bank to establish the discount rate every 14 days subject to the approval of the Board of Governors in Washington. Lender of Last Resort: As the...

... PRNC2 file:///OS922-10GB/Desktop%20Folder/PMGloss_32_PDF/PMG_S05.htm (4 of 6) [1/13/2003 4:31:18 PM] Wideman Comparative Glossary of Project Management Terms v3.2 Copyright Wideman Comparative Glossary of Common Project Management Terms v3.2 is ... RUP file:///OS922-10GB/Desktop%20Folder/PMGloss_32_PDF/PMG_S05.htm (2 of 6) [1/13/2003 4:31:18 PM] Wideman Comparative Glossary of Project Management Terms v3.2 Copyright Wideman Comparative Glossary of Common Project Management Terms v3.2 is ... file:///OS922-10GB/Desktop%20Folder/PMGloss_32_PDF/PMG_H00.htm (6 of 8) [1/13/2003 4:31:06 PM] Wideman Comparative Glossary of Project Management Terms v3.2 Copyright Wideman Comparative Glossary of Common Project Management Terms v3.2 is...

... Tolerance The ability of a system or component to continue normal operation despite the presence of hardware or software faults. Fingerprinting A method of determining the type of operating system ... 1 of 13 SANS GIAC Information Security KickStart Glossary of Terms Term Definition Access Control Mechanism(s) used to restrict access to an object. ACL Access Control List. A list of ... sequence of symbols (or electrical or mechanical representations of symbols) applied to data in order to encrypt or decrypt that data. Key Escrow The system of giving a piece of a key to each of...

... O P - S T - Z Steel Industry Glossary of Terms Technical jargon made simple A - C D - H I - O P - S T - Z Glossary Term Glossary Explanation Teeming The pouring of molten metal from a ladle ... (saving time and energy cost) Steel Industry Glossary of Terms Technical glossary - jargon made simple A - C D - H I - O P - S T - Z Glossary Term Glossary Explanation ADC Apparent domestic consumption. ... casting' Steel Industry Glossary of Terms Technical jargon made simple A - C D - H I - O P - S T - Z Glossary Term Glossary Explanation D-bar Deformed bar - the most common form of reinforcing bar Decarburisation The...

... Glossary of Networking Terms 621 public key encryption A technology that uses two keys to facilitate com- munication, a public key and a private key. The public key is used ... particular piece of information. Copyright â 2000 SYBEX Inc., Alameda, CA. www.sybex.com 626 Glossary of Networking Terms shielded twisted-pair A type of cabling that includes pairs of copper con- ductors, ... back off and don’t transmit again until some random period of time has passed. Copyright â 2000 SYBEX Inc., Alameda, CA. www.sybex.com 622 Glossary of Networking Terms Redundant Array of Independent...

... for Older Adults Glossary of Computer and Internet Terms for Older Adults This glossary for older adults was prepared by the National Institute on Aging. 6 COMPUTER AND INTERNET TERMS 11 Drop ... Older Adults Glossary of Computer and Internet Terms for Older Adults This glossary for older adults was prepared by the National Institute on Aging. 14 COMPUTER AND INTERNET TERMS 36 Window ... for Older Adults Glossary of Computer and Internet Terms for Older Adults This glossary for older adults was prepared by the National Institute on Aging. 7 COMPUTER AND INTERNET TERMS 13 Forward...

... supporting the one above it Center of Gravity The point of equilibrium of the total weight of a containership, truck, train or a piece of cargo. Certicate of Inspection – A document certifying ... Method of chartering of the ship leaving the charterer with almost all the responsibilities of the owner. B/L Abbreviation for “Bill of Lading.” Backhaul To haul a shipment back over part of a ... piece of equipment Deadweight Cargo A long ton of cargo that can be stowed in less than 40 cubic feet. Deadweight Tonnage (DWT) The number of tons of 2,240 pounds that a vessel can transport of...

... of the work of the successor schedule activity depends upon the initiation of the work of the predecessor schedule activity. See also logical relationship. PROJECT MANAGEMENT GLOSSARY OF TERMS ... MANAGEMENT GLOSSARY OF TERMS PAGE 11 SPRING 2005 PROJECT MANAGEMENT GLOSSARY OF TERMS PAGE 38 SPRING 2005 Work Order (WO) A written order, signed by the owner or his representative, of a contractual ... effectiveness, and communication. PROJECT MANAGEMENT GLOSSARY OF TERMS PAGE 14 SPRING 2005 Earned Value (EV) The value of completed work expressed in terms of the approved budget assigned to that work...

... those of clients. Variations of these two types of clearing member may also exist. ETDC CPSS Glossary - March 2003 31 Term Definition Source market risk the risk of losses in on- and off-balance ... may also refer to the question of what law should govern in the case of a conflict of laws. See also conflict of laws. SSS ciphertext the encrypted form of data. EM-Sec clearance the ... stability of financial markets. Red Book Blue Book EM-CPSS ETDC OTC tamper-evident the capacity of devices to show evidence of physical attack. EM-Sec tamper-proof the proven capacity of devices...

... Incomeseeprofit. Interestachargemadefortheuseofmoney. Inventorythesupplyorstockofgoodsandproductsthatacompanyhasforsale.A manufacturermayhavethreekindsofinventory:rawmaterialswaitingtobeconvertedinto goods,workinprocess,andfinishedgoodsreadyforsale. Inventoryobsolescenceinventorynolongersalable.Perhapsthereistoomuchonhand, perhapsitisoutoffashion.Thetruevalueoftheinventoryisseldomexactlywhatisshown onthebalancesheet.Often,thereisunrecognizedobsolescence. Inventoryshrinkageareductionintheamountofinventorythatisnoteasilyexplainable. Themostcommoncauseofshrinkageisprobablytheft. Inventoryturnoveraratiothatindicatestheamountofinventoryacompanyusesto supportagivenlevelofsales.Theformulais:InventoryTurnover=CostofSalesáAverage Inventory.Differentbusinesseshavedifferentgeneralturnoverlevels.Theratioissignificant incomparisonwiththeratioforpreviousperiods ortheratioforsimilarbusinesses. Investedcapitalthetotalofacompany'slongtermdebtandequity. Journalachronologicalrecordofbusinesstransactions. Ledgerarecordofbusinesstransactionskeptbytypeoraccount.Journalentriesare usuallytransferredtoledgers. Liabilitiesamountsowedbyacompanytoothers.Currentliabilitiesarethoseamountsdue withinoneyearorlessandusuallyincludeaccountspayable,accruals,loansduetobepaid withinayear,taxesduewithinayear,andsoon.Longtermliabilitiesnormallyincludethe amountsofmortgages,bonds, andlongtermloansthatareduemorethanayearinthe future. Liquidhavinglotsofcashorassetseasilyconvertedtocash. Marginalcost,marginalrevenuemarginalcostistheadditionalcostincurredbyadding onemoreitem.Marginalrevenueistherevenuefromsellingonemoreitem.Economic theorysaysthatmaximumprofitcomesatapointwheremarginalrevenueexactlyequals marginalcost. Networthtotalassetsminustotalliabilities.Networthisseldomthetruevalueofa company. Opportunitycostausefulconceptinevaluatingalternateopportunities.Ifyouchoose alternativeA,youcannotchooseB,C,orD.Whatisthecostorlossofprofitofnotchoosing B,C,orD?ThiscostorlossofprofitistheopportunitycostofalternativeA.Inpersonal life youmaybuyacarinsteadoftakingaEuropeanvacation.Theopportunitycostofbuyingthe caristhelossoftheenjoymentofthevacation. ... party, arising out of a relationship to one of the parties. Profit Sharing Plan - DEFINED CONTRIBUTION PLAN characterized by the setting aside of a portion of an entity's profits in participant's ... Overhead‐‐acostthatdoesnotvarywiththelevel of productionorsales,andusuallyacost notdirectlyinvolvedwithproductionorsales.Thechiefexecutive'ssalaryandrentare typicallyoverhead.  Post‐‐toenterabusinesstransactionintoajournalorledgerorotherfinancialrecord. Prepaidexpenses,deferredcharges‐‐assetsalreadypaidfor,thatarebeinguseduporwill expire.Insurancepaidforinadvanceisacommonexample.Theinsuranceprotectionisan asset.Itispaidforinadvance,itlastsforaperiod of time,andexpiresonafixeddate.  Presentvalue‐‐aconceptthatcomparesthevalue of moneyavailableinthefuturewiththe value of moneyinhandtoday.Forexample,$78.35investedtodayina5%savingsaccount willgrowto$100infiveyears.Thusthepresentvalue of $100receivedinfiveyearsis $78.35. Theconcept of presentvalueisusedtoanalyzeinvestmentopportunitiesthathavea futurepayoff.  Price‐earnings(p/e)ratio‐‐themarketprice of ashare of stockdividedbytheearnings (profit)pershare.P/eratioscanvaryfromskyhightodismallylow,butoftendonotreflect thetruevalue of acompany.  Profit‐‐theamountleftoverwhenexpensesaresubtractedrevenues.Grossprofitisthe profitleftwhencost of salesissubtractedfromsales,beforeanyoperatingexpensesare subtracted.Operatingprofitistheprofitfromtheprimaryoperations of abusinessandis salesminuscost of salesminusoperating expenses.Netprofitbeforetaxesisoperatingprofit minusnon‐operatingexpensesandplusnon‐operatingincome.Netprofitaftertaxesisthe bottomline,aftereverythinghasbeensubtracted.Alsocalledincome,netincome,earnings. Notthesameascashflowanddoesnotrepresentspendabledollars.  Retainedearnings‐‐profitsnotdistributedtoshareholdersasdividends,theaccumulation of acompany'sprofitslessanydividendspaidout.Retainedearningsarenotspendablecash.  Returnoninvestment(ROI)‐‐ameasure of theeffectivenessandefficiencywithwhich managersusetheresourcesavailabletothem,expressedasapercentage.Returnonequityis usuallynetprofitaftertaxesdividedbytheshareholders'equity.Returnoninvestedcapitalis usuallynetprofitaftertaxesplusinterestpaid onlong‐termdebtdividedbytheequityplus thelong‐termdebt.Returnonassetsusedisusuallytheoperatingprofitdividedbytheassets usedtoproducetheprofit.Typicallyusedtoevaluatedivisionsorsubsidiaries.ROIisvery usefulbutcanonlybeusedtocompareconsistent entities‐‐similarcompaniesinthesame industryorthesamecompanyoveraperiod of time.Differentcompaniesanddifferent industrieshavedifferentROIs.  Revenue‐‐theamountsreceivedbyordueacompanyforgoodsorservicesitprovidesto customers.Receiptsarecashrevenues.Revenuescanalsoberepresentedbyaccounts receivable.  Risk‐‐thepossibility of loss;inherentinallbusinessactivities.Highriskrequireshighreturn. Allbusinessdecisionsmustconsidertheamount of riskinvolved.  Sales‐‐amountsreceivedordueforgoodsorservicessoldtocustomers.Grosssalesare totalsalesbeforeanyreturnsoradjustments.Netsalesareafteraccountingforreturnsand adjustments.  ...

... II.3 Definition of English Business 16 II.4 Terms of procurement 17 II.5 The characteristics of procurement terms 18 Chapter 2: Some strategies applied to translate procurement terms from English ... translation of single terms 19 I.1 General terms 20 I.2 Terms with suffixes “or”, “er”, “ee”, “ant” 23 I.3 Terms with prefixes 25 II. Strategies applied in the translation of compound terms 28 ... translating procurement terms 40 1. Misunderstandings 40 2. The difficulties in translating some of terms 42 II. Some suggestions in translating procurement terms 43 1. Some steps to translate procurement...

... of Abbreviations and Glossary of Terms This list of abbreviations and glossary of terms is compiled from terminology that is used in this publication. An entry with an asterisk in the list of ... management of an asset or a portfolio of assets. asset pool: A portfolio of assets, often composed of assets with similar characteristics. LIST OF ABBREVIATIONS AND GLOSSARY OF TERMS 771 Federal ... estate owned LIST OF ABBREVIATIONS AND GLOSSARY OF TERMS 759 Glossary of Terms 1 absolute auction: An open, outcry sale in which assets are sold to the highest bidder regardless of price, with...

... INSTITUTE OF C CC CPAs PAsPAs PAs GLOSSARY OF TERMS, ACRONYMS, AND ABBREVIATIONS GLOSSARY OF TERMS, ACRONYMS, AND ABBREVIATIONSGLOSSARY OF TERMS, ACRONYMS, AND ABBREVIATIONS GLOSSARY OF TERMS, ... INSTITUTE OF C CC CPAs PAsPAs PAs GLOSSARY OF TERMS, ACRONYMS, AND ABBREVIATIONS GLOSSARY OF TERMS, ACRONYMS, AND ABBREVIATIONSGLOSSARY OF TERMS, ACRONYMS, AND ABBREVIATIONS GLOSSARY OF TERMS, ... C CC CPAs PAsPAs PAs GLOSSARY OF TERMS, ACRONYMS, AND ABBREVIATIONS GLOSSARY OF TERMS, ACRONYMS, AND ABBREVIATIONSGLOSSARY OF TERMS, ACRONYMS, AND ABBREVIATIONS GLOSSARY OF TERMS, ACRONYMS, AND...

... and no part of the net earnings of which inures to the benefit of any private shareholder or individual. (FAR 45.301) 73 Glossary Of Acquisition Terms Audit 1. A review of an offeror’s or ... requirements of Paragraphs a, b, c, or e of this definition that are of a type customarily combined and sold in combination to the general public; www.fai.gov 19 Glossary Of Acquisition Terms Covered ... a. Describes requirements in terms of results required rather than the methods of performance of the work; b. Uses measurable performance standards (i.e., terms of quality, timeliness, quantity,...