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Tissues form part of an organ in plants or animals. They are groups of cells that have a similar structure and act together to perform…

Cost, Insurance and Freight (C.I.F) C.I.F. abbreviation stands for the words cost, insurance and freight. CIF is a conventional method of shipping goods for importers.…

Joint Bank Account A joint bank account functions just like a standard banking account, except that two or more people on the account. It is…

Cost and Freight (C & F) C & F stands for cost and freight. It is a legal term in international trade. When used in quoting…

Anaerobic digestion is the way microorganisms break down organic matter without oxygen. It is a well-established technology for stabilization and conversion of various organic wastes…

Personal Account of Co-venture The co-venturers account is debited with goods and sales proceeds were taken over, remittance share of profit. Similarly, the personal account…

Definition – Rose Quartz, translucent, usually turbid, very coarse-grained variety of the silica mineral quartz found in pegmatites. It is the name used for pink…

A broker is an intermediary agent in the purchase and sale of goods. He is an agent who negotiates contracts of purchase and sale (as…

Organic matter is a matter that has come from a recently living organism. Organic materials are composed solely of organic compounds. They are any type…

Bottomry Bond This is an important document used in foreign trade. It is the contract for the loan of money on a ship. In the…

Joint Venture Account This account is prepared to ascertain the profit or loss on a joint venture. This account represents the results of the business,…

Definition – Smoky Quartz is a color-variety of crystalline quartz. It is a grey, translucent variety of quartz that ranges in clarity from almost complete…