A preliminary assessment of a new project, including costs, risks, etc., to determine whether the project will be successful and practical.

A term often used in industry describing the practice of hiring more workers than is necessary to carry out a job, often because of a contract with a union.

An organisation which has been formed by the joining together of a group of companies, clubs, etc.

A very bold term for monetary currency which is established and traded as a national currency, such as US Dollar, Sterling, Euro, etc. From Latin ‘fiat’, ‘it shall be’.-

Also known as Fidelity Insurance. Protects an employer against any losses incurred because of dishonesty, or damage caused, by an employee.

Describes an organisation or individual who manages money or property for a beneficiary.

In business, organizations, politics, etc., a person who holds an important position or office but lacks real power or authority; a ‘front man’. Derived from the carved painted figurehead models which traditionally were fixed to the front of sailing ships.

To delay or obstruct legislation by giving long speeches in a parliamentary debating process, so as to ‘talk out a bill’, i.e., ensure that the debate is prolonged beyond the deadline for passing a bill which would otherwise have been approved. The noun filibuster refers to a person who does this, or to the act […]

Also FOK, on the stock exchange, an instruction received by a broker from a client to buy or sell specified shares immediately or not at all.

A personal organiser (and the name of the company which makes it), which was very popular in the 1980s, with pages which can be easily removed or added. This product was associated with ‘Yuppies’.-