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Trial Balance – Trial Balance is a statement that lists all the balances of the Real, Personal, and Nominal Account irrespective of Capital or Revenue…

Demutualization is the process by which a customer-owned mutual organization (mutual) or co-operative changes legal form to a joint-stock company. It is a situation in…

MIRR – The modified internal rate of return (commonly denoted as MIRR) is a financial measure of an investment’s attractiveness. It is used in capital…

A mutual savings bank (MSB) is a type of financial institution that functions much like a bank, but with a different ownership structure. It is a…

The modified internal rate of return (commonly denoted as MIRR) assumes that positive cash flows are reinvested at the firm’s cost of capital and that…

Public service is a service intended to serve all members of a community. A public service company or public utility company is a corporation or…

Psychometrics is a field of study concerned with the theory and technique of psychological measurement. The tagline of the Psychometric Society says that the Society…

Stranded costs are costs that were previously absorbed by the divested business but remain with the parent company following separation. In discussions of electric power generation…

Sacrificial metal is a metal that can be used for a sacrificial anode. A sacrificial metal is a metal used as a sacrificial anode in…

Boppard, formerly also spelled Boppart, is a great place from which to explore the surrounding towns and villages of the Upper Middle Rhine Valley, which…

Laissez Faire It is the principle of non-intervention by the government in any commercial affairs. It is a French phrase that translates to “leave us…

Corporatization is the privatization of a publicly-owned organization. It is the process of transforming state assets, government agencies, or municipal organizations into corporations. It refers to…