Originally lists prepared by merchants containing the names of those who went bankrupt, the term blacklist today refers to the practice of excluding individuals from employment or other opportunities for various reasons.
An agreement on a construction project where the contractor earns a specified percentage profit over the actual costs incurred. This contract type is considered suboptimal due to reduced incentives for cost control. An alternative approach is the cost-plus-fixed-fee contract.
DUN is a term used to refer to the practice of requesting payment for past due amounts. It often involves reminding or urging the debtor to pay back what is owed.
In business and finance, honor refers to accepting and paying an obligation when due, as well as recognizing significant accomplishments through rewards or accolades.
Lifetime security refers to a form of employee job security that guarantees protection against layoffs during economic slowdowns or plant closings.
Mode refers to the manner of existing or acting; way, method, or form. In statistics, it represents the most commonly occurring value in a data set.
The common practices of commercial transactions that refer to necessary activities normal and incidental to a business's operations.
Price discrimination is the practice of charging different customers different prices for the same products or services. When this practice is used to reduce competition, it may violate antitrust laws.
Reciprocal buying is a practice where a seller of a product or service also purchases another product or service from one of their customers, creating a mutually beneficial relationship.
