The terms used in business such as Own Brand,Owner’s Equity , Ownership-specific Advantages,Paid-Up Share,Palm Top etc.
This post explains about terms used in business such as Own Brand,Owner’s Equity , Ownership-specific Advantages,Paid-Up Share,Palm Top,Panel,Paper Loss ,Paper Profit,Paper-Pusher etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
The terms used in business
Overseas Private Investment Corporation (OPIC) - A U.S. agency that assists U.S. businesses invest overseas and promotes economic development in new and emerging markets.
Overtime - Time worked in addition to normal working hours. The pay received, usually charged at a higher rate, for working outside regular working hours.
Overtrading - A situation which occurs when a company expands its business too quickly and does not have enough capital to pay expenses, such as debts, wages, etc., which often results in liquidation.
Own Brand - Known as House Brands in the US and Home Brands in Australia. Products which are sold by a retailer under the retailer's own name, rather than the name of the manufacturer.
Owner’s Equity - Also referred to as Stockholder’s Equity or book value. This is one of the basic accounting terms that sounds more complicated than it really needs to be. It is just the assets that are on the balance sheet minus the liabilities. It rarely has any correlation to the selling price of the company.
Owner-Operator - A self-employed commercial truck or lorry driver who uses their own vehicle to run a business.
Owner's equity - See Net assets.
Ownership-specific Advantages - Property rights or intangible assets, including patents, trademarks, organizational and marketing expertise, production technology and management, and general organizational abilities, that form the basis for the multinational’s advantage over local firms.
P and P (P&P) - Postage and Packing. In the UK, The cost of packing and sending goods, usually added to the price of mail-order goods.
P2P - Peer-to-peer is a model for computer connectivity and file-sharing which extends more widely to services and large-scale services/supply models, and which threatens/promises to change the world. See peer-to-peer.
Package Deal - A set of several products which are offered for sale and must be bought in a combined package.
Packaging / Emballage :Material used to wrap, contain and protect products.
Packaging - Materials used to wrap a product. The way in which something, such as a product, person, proposal, etc., is presented, usually to the public.
Packing list / Liste de colisage :The packing list is a document that itemizes in detail the contents of a particular package or shipment.
Page Break - On a computer screen, a mark which indicates where a new page will be printed in a document.
Page Traffic - In computing, the number of times a web page has been visited.
Paid-Up Capital - The total amount of money which has actually been paid in full by shareholders for their shares.
Paid-Up Policy - An insurance policy on which no more premiums are required, and the policy is considered paid in full and still remains in force.
Paid-Up Share - A share for which the shareholder has paid the full amount, as stated in the contract.
Pallet / Palette :Generally in wood, a pallet allows for easier handling of goods. The standard dimensions are: 100 mm x 1200 mm (ISO) and 800 mm x 1200 mm (CEN).
Palm Top - A small computer which fits into the palm of the hand.
Panamax / Panamax :Ship whose parameters permit navigation through the Panama canal: maximum length 295 m, maximum external width 32.25 m and maximum draught 13.5 m.
Pan-Arab Free Trade Area (PAN-ARAB) - An agreement to preserve the economic interests of Arab States, as well as develop economic and trade relations among Arab States and the outside world.
Panel:An arrangement under which a number of suppliers agree to supply goods or services for a set period of time and usually for a set price (see also standing offer arrangement).The group of government officers responsible for assessing and selecting supplier(s) as part of an approach to market process (also known as an evaluation committee).A list of pre-qualified suppliers who wish to supply goods or services in the future and who have met the necessary conditions or requirements to be included on the panel (see also multi-use list [MUL]).
Pan-European - Relating to all, or most of, the countries in Europe.
Pants - Street slang now mainstream, referring to anything of very poor quality. Interestingly the term first appeared in the late 1800s, based on the word 'knickers' as an expression of contempt or ridicule.
PAO / PAO :Computer-assisted publication (Publication Assistée par Ordinateur). Layout and creation of all types of printable documents with the aide of computer equipment. Materials include mailings, booklets, brochures, fold-outs, reports, summary reports, etc.
Papau New Guinea-Australia Trade and Commercial Relations Agreement (PATCRA) - Established in 1977, an agreement between Papua New Guinea and Australia formalizing the traditional trading relationship by which substantially all the trade between the two countries is free of duty and other restrictive regulations of commerce.
Paper Loss - In business, a loss which has occurred and appears in a company's accounts, but has not yet been realised until a transaction has been made, e.g. the sale of an asset which has lost value.
Paper Profit - A profit which has been made but has not yet been realised until a share, etc., has been sold.
Paper-Pusher - An office worker who has a boring job dealing with paperwork all day.
Paradigm Shift - Term first used by Thomas Kuhn in 1962 to describe when an important or significant change occurs in the perception of things. A sudden change in point of view.
Paralegal - A legal assistant who is not a qualified lawyer, but who is trained to work in or with the law.
Parallel Loan - A loan arrangement in which a company borrows in its home currency and then trades this debt for the foreign currency debt of a foreign counterpart.
Parallel Market - A country's separate market which deals in goods and currencies outside the country's normal official government controls.
Parastatal - In certain countries, a company or organisation which is partially or fully owned and controlled by the government.
Parent Company - A company or organisation which owns more than 50% of the voting shares in another company, therefore the Parent Company controls management and operations in the other (subsidiary) company.
Pareto Principle - Also known as the 80-20 Rule, e.g., 20% of employees perform 80% of the work. Or 20% of customers produce 80% of revenue. Or more generally, often situations whereby 80% of the consequences result from 20% of the causes. Commonly the ratio is (surprisingly) even more extreme. See Pareto Principle in more detail.
Paris Convention - Signed in Paris in 1883 by 11 initial states the document allows for patents to be filed in other member countries.
Parkinson's Law - A humorous and generally true observation by Cyril Northcote Parkinson (British historian 1909-1993) that capacity or time is inevitably filled, for example: 'Work will expand so as to fill the time available for its completion'. See Parkinson's Law and examples, and also Parkinson's Law of Triviality, also known as the Bikeshed Colour effect.
Part Exchange - Known in the US as Trade-In. A payment method, usually when purchasing a car, in which the buyer gives something they own, for example a car, as part payment to the vendor for the more expensive item. The balance is usually paid in cash or with a loan.
The above details describes about terms called in business such as Own Brand, Owner’s Equity ,Ownership-specific Advantages,Paid-Up Share,Palm Top,Panel,Paper Loss ,Paper Profit,Paper-Pusher etc.These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in overseas trade below this post.Terms used in trade such as Outplacement ,Output Tax,Outside Shareholder, Overage,Overall FTC Limitation ,Overheads,Overdrawn etc
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