Closing refers to multiple contexts related to financial and business operations, computing, and everyday actions. These contexts could include the financial market activities, accounting procedures, concluding agreements, and computing functions.
The term 'negotiable' has multiple meanings in the contexts of finance, business, and law. It can refer to assets or instruments that can be transferred or sold, as well as mutual agreements or conditions that parties can discuss to reach a satisfactory resolution.
The Profit-Sharing Ratio (PSR) is a financial metric used to define how profits or losses are distributed among partners or stakeholders in a business or investment.
Quid Pro Quo, translating to 'something for something', is often used in legal and business contexts to refer to an exchange where one thing is given in return for another. It implies a mutual agreement or consideration where both parties receive something of value.
Reciprocity refers to a mutual relationship between individuals, corporations, states, or countries where privileges or advantages granted by one party are returned by the other.
Renegotiation is the process of legally revising the terms of a contract to better suit the needs of the involved parties due to changing circumstances or the realization that original terms are no longer applicable or fair.
Take-or-pay is an arrangement where a customer commits to purchasing a certain quantity of a product over a specified period, often at a predetermined price. If the customer fails to meet the agreed-upon purchase quantity, they must still pay the seller. This contract structure protects the buyer against price increases and secures the seller against price decreases.
