Definition of Nonsignificant part number

Nonsignificant part number

An identifying number assigned to a part that conveys
no other information.

administrative department

an organizational unit that performs management activities benefiting the entire organization;
includes top management personnel and organization
headquarters

Collection Department

An internal department within a company staffed by specialists in collecting past due accounts or accounts receivable.

Cost of limited partner capital

The discount rate that equates the after-tax inflows with outflows for capital
raised from limited partners.

Counterpart items

In the balance of payments, counterpart items are analogous to unrequited transfers in the
current account. They arise because the double-entry system in balance of payments accounting and refer to
adjustments in reserves owing to monetization or demonetization of gold, allocation or cancellation of SDRs,
and revaluation of the various components of total reserves.

Counterparties

The parties to an interest rate swap.

Counterparty Party

on the other side of a trade or transaction.

Counterparty risk

The risk that the other party to an agreement will default. In an options contract, the risk
to the option buyer that the option writer will not buy or sell the underlying as agreed.
Country economic risk Developments in a national economy that can affect the outcome of an international
financial transaction.

Departmental stocks

The informal and frequently unauthorized retention of excess inventory on the shop floor, which is used as buffer safety stock.

Federal Employer Identification Number

A unique identification number issued
by the federal government used for payroll purposes to identify the company
when it deals with the Internal Revenue Service.

Financial Numbers Game

The use of creative accounting practices to alter a financial statement
reader's impression of a firm's business performance.

General partner

A partner who has unlimited liability for the obligations of the partnership.

General partnership

A partnership in which all partners are general partners.

Item number

A number uniquely identifying a product or component.

Law of large numbers

The mean of a random sample approaches the mean (expected value) of the
population as the sample grows.

limited liability partnership

an organizational form that is a hybrid of the corporate and partnership organizational
forms and used to limit the personal liability of the owners;
it is typically used by large professional (such as accounting) firms

Limited partner

A partner who has limited legal liability for the obligations of the partnership.

Limited partnership

A partnership that includes one or more partners who have limited liability.

Limited partnership

A partnership that includes one or more partners who have limited liability.

Master limited partnership (MLP)

A publicly traded limited partnership.

Non-participating Policy

A type of insurance policy or annuity in which the owner does not receive dividends.

NUMBER OF DAYS SALES IN RECEIVABLES

(also called average collection period). The number of days of net sales that are tied up in credit sales (accounts receivable) that haven’t been collected yet.

Part

A specific component of a larger assembly.

Part number

A number uniquely identifying a product or component.

Part standardization

The planned reduction of similar parts through the standardization
of parts among multiple products.

Participating fees

The portion of total fees in a syndicated credit that go to the participating banks.

Participating GIC

A guaranteed investment contract where the policyholder is not guaranteed a crediting
rate, but instead receives a return based on the actual experience of the portfolio managed by the life company.

Participating Policy

A policy offers the potential of sharing in the success of an insurance company through the receipt of dividends.

Participation Fee

Fee charged by a bank for taking part in providing a loan.

Participation Rate

Fraction of the noninstitutionalized population 16 years of age and over that is in the labor force.

participatory budget

a budget that has been developed
through a process of joint decision making by top management
and operating personnel

Partnership

Shared ownership among two or more individuals, some of whom may, but do not necessarily,
have limited liability. See: general partnership, limited partnership, and master limited partnership.

Partnership

A form of business organization in which owners have unlimited personal
liability for the actions of the business, though this problem has been mitigated
through the use of the limited liability partnership.

partnership

Business owned by two or more persons who are personally responsible for all its liabilities.

Partnership

Non-incorporated business venture of two or more individuals or companies. Profits or losses flow, directly and equally, to the partners.

Parts requisition

An authorization to move a specific quantity of an item from
stock.

PIN (personal identification number)

A secret code that you use to access your bank account at a bank machine or at a point of sale (POS) terminal. You may also have a PIN for banking by telephone.

Related Party

An entity whose management or operating policies can be controlled or significantly
influenced by another party.

Remanufactured parts

parts that have been reconstructed to render them capable
of fulfilling their original function.

Replacement parts

parts requiring some modification before being substituted
for another part.

service department

an organizational unit that provides one or more specific functional tasks for other internal units

Significant part number

An identifying number assigned to an item that conveys
additional embedded information.

Strip mortgage participation certificate (strip PC)

Ownership interests in specified mortgages purchased
by Freddie Mac from a single seller in exchange for strip PCs representing interests in the same mortgages.
Stripped bond Bond that can be subdivided into a series of zero-coupon bonds.

Subpart F

Special category of foreign-source "unearned" income that is currently taxed by the IRS whether
or not it is remitted to the U.S.

third-party logistics

outsourcing of the moving and warehousing
of finished goods between manufacturer and merchant
and sometimes back to the manufacturer

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