The movement of large sums of money from one of investment to another, or from one country to another, to avoid high taxes or financial instability due to political unrest.

A cost effective method of advertising. A commercial is scheduled to appear on TV, usually when viewing figures are high (flight). There are periods in between the flights when the commercial does not appear on TV (hiatus). During the TV hiatus the product being advertised will often appear in newspapers or magazines, so the public […]

See definition for Flotation.

In retailing, the highest amount of money for a sale for which a debit or credit card can be used by a customer without authorisation from the customer’s bank.

Also known as a Local. An investor who is allowed on the trading floor of a stock exchange, to buy and sell shares, etc., for their own account.

The process of financing a company by selling shares on the stock exchange for the first time.

Also known as a Callback. A series of screening interviews for a job during which a person, usually a student, is interviewed several times, often on the same same day, by the prospective employer.

A technique developed by Kurt Lewin to support positive factors and decrease negative factors, as the result of a change in an organisation.

A clause in a contract which exempts the contracting party (e.g., insurer) from liability in the event of an unforeseen intervention or catastrophe which prevents fulfilment of contractual obligations, such as war, act of God, etc. The term force majeure is French, meaning loosely ‘superior strength’.-

Also called FX, refers to Foreign Exchange, in which foreign currencies are bought and sold.