Commerce Terms

16 Questions

What is the term for the reduction of a claim or a liability?

Abatement

What is the term for the ability of a person to pay their debts?

Ability to pay

What is the term for the reduction of duty or tax?

Abatement of duty

What is the term for the renunciation of a right or claim?

Abdication

What is the term for the decrease in the value of coins due to wear and tear?

Abrasion of coins

What is the term for a person who is not present at their workplace?

Absenteeism

What is the term for the acceptance of a document without any conditions?

Absolute acceptance

What is the term for the advantage that a country has over another country in the production of a particular good?

Absolute advantage

What is the term for the complete ownership of a property?

Absolute ownership

What is the term for the complete transfer of ownership of a property?

Absolute conveyance

What is the term for the value of a good or service that is not dependent on other factors?

Absolute value

What is the term for the complete control over a market or industry?

Absolute monopoly

What is the term for the capital that is invested in a company?

Absorbed capital

What is the term for the process of acquiring a company?

Absorption of a company

What is the term for the theory that interest is a reward for abstaining from consumption?

Abstinence theory of interest

What is the term for a summary of an account?

Abstract of account

Study Notes

Financial Terms

Aadhaar Seeding: Linking Aadhaar with other IDs or documents.
Abandoned Cargo: Goods left unclaimed or abandoned.
Abatement of Duty: Reduction in tax or duty on goods or services.
Abnormal Demand: Unusual or unexpected increase in demand for a product or service.
Abnormal Profit: Excess profit earned by a business, more than the normal profit.

Business and Finance

Ability to Invest: Capacity to invest money in a business or venture.
Ability to Pay: Capacity to pay debts or liabilities.
Abnormal Method of Finance: Unconventional methods of financing a business.
Abnormal Price: Price that is not normal or expected in the market.
Abnormal Profit: Excess profit earned by a business, more than the normal profit.

Law and Commerce

Abolition: Act of abolishing or canceling a law, institution, or practice.
Above Par Value: Value of a share or asset that is higher than its face value.
Above the Line Provision: Provision made for expenses or losses before calculating profits.
Abrasion of Coins: Wear and tear of coins due to use.
Abatement of Damages: Reduction in damages or compensation awarded.

Economics

Absolute Advantage: Situation where one country or producer has a complete advantage over others.
Absolute Amount: Total amount or sum of money.
Absolute Assignment: Complete transfer of ownership or rights.
Absolute Authority: Complete control or power over a situation or entity.
Absolute Conviction: Firm or unwavering belief in something.

Accounting and Taxation

Absolute Estate: Complete ownership of property or assets.
Absolute Family Wage: Wage that is sufficient to support a family.
Absolute Measures: Standard or fixed units of measurement.
Absolute Monopoly: Complete control over a market or industry.
Absolute Necessities: Essential goods or services required for survival.
Absolute Owner: Person or entity with complete ownership or control.

Miscellaneous

Absorbed Capital: Capital invested in a business or venture.
Absorbed Labour: Labour that is fully utilized or absorbed.
Absorbed Liquidity: Liquidity that is fully utilized or absorbed.
Absorbed Shares: Shares that are fully subscribed or absorbed.
Absorbing Banking Company: Bank that absorbs or merges with another bank.
Absorption of a Company: Process of merging or acquiring a company.
Absorption of Credit: Process of writing off or absorbing debt.
Absorptive Capacity: Ability to absorb or utilize resources or capital.
Abstinence Theory of Interest: Theory that explains interest as a reward for abstaining from consumption.