Tooltip Categories: Economics & Finance

at sight

Payment due on demand. (source: http://www.investorwords.com/4572/sight_letter_of_credit.html)

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attest

To solemnly declare verbally or in writing that a particular document or testimony about an event is a true and accurate representation of the facts;

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attorney in fact

A person who is authorized to perform business-related transactions on behalf of someone else (the principal). In order to become someone’s attorney in fact, a

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auction

A process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest

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auctioneer

A person who conducts an auction by announcing the lots and controlling the bidding. (source: http://www.wordreference.com/definition/auctioneer)

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at a discount

This specifically refers to stock that is sold for less than its nominal or par value. At a discount also refers to stocks or other

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asset building

Strategies that increase financial and tangible assets, such as savings, a home, and businesses of all kinds and focuses on long-term development of individuals, families,

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assets

An asset is anything of value that can be converted into cash.(source: investopedia.com ) 

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assortment

A collection or group of various things or sorts.(source: thefreedictionary.com ) The product assortment is the whole collection of products that a retail store carries.

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