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Financial Terms | |
accepted quality level (AQL) |
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Definition of accepted quality level (AQL)accepted quality level (AQL)the maximum limit for the number of defects or errors in a process
Related Terms:batch-level costa cost that is caused by a group of things Confidence levelThe degree of assurance that a specified failure rate is not exceeded. Cost of qualityThe difference between the actual costs of production, selling and service and the costs that would be incurred if there were no failures during production or usage of products or services. Flight to qualityThe tendency of investors to move towards safer, government bonds during periods of high Generally Accepted Accounting Principals (GAAP)A technical accounting term that encompasses the Generally accepted accounting principlesThe rules that accountants follow when processing accounting transactions and creating financial reports. The rules are primarily generally accepted accounting principles (GAAP)This important term ![]() generally accepted accounting principles (GAAP)Procedures for preparing financial statements. Generally Accepted Accounting Principles (GAAP)A common set of standards and procedures Generally Accepted Accounting Principles (GAAP)GAAP is the term used to describe the underlying rules basis on which financial statements are normally prepared. This is codified in the Handbook of The Canadian Institute of Chartered Accountants. Level-coupon bondBond with a stream of coupon payments that are the same throughout the life of the bond. Level payThe characteristic of the scheduled principal and interest payments due under a mortgage such that Level PremiumA premium that remains unchanged throughout the life of a policy Level Premium Life InsuranceThis is a type of insurance for which the cost is distributed evenly over the premium payment period. The premium remains the same from year to year and is more than actual cost of protection in the earlier years of the policy and less than the actual cost of protection in the later years. The excess paid in the early years builds up a reserve to cover the higher cost in the later years. Multilevel bill of materialAn itemization of all bill of material components, including organizational-level costa cost incurred to support the ongoing ![]() Price LevelA weighted average of prices of all goods and services where the weights are given by total spending on each good or service. Measured by a price index. process quality yieldthe proportion of good units that resulted from the activities expended product- (or process-) level costa cost that is caused by the development, production, or acquisition of specific products or services qualityall the characteristics of a product or service that quality assurancethe process of determining that product quality audita review of product design activities (although quality controlthe implementation of all practices and policies Quality optionAlso called the swap option, the seller's choice of deliverables in Treasury Bond and Treasury Quality spreadAlso called credit spread, the spread between Treasury securities and non-Treasury securities Resistance levelA price level above which it is supposedly difficult for a security or market to rise. Single-level bill of materialA list of all components used in a parent item. Support levelA price level below which it is supposedly difficult for a security or market to fall. total quality management (TQM)a structural system for creating organization-wide participation in planning and implementing a continuous improvement process that exceeds unit-level costa cost caused by the production or acquisition Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |