Computers

Batch Processing
Batch Processing is a procedure where a user submits a batch of information for a computer to process as a whole. It contrasts with interactive processing, hence focusing on efficiency and handling large amounts of data without direct user intervention during execution.
Black Box
In computing terminology, a 'Black Box' frequently refers to the Central Processing Unit (CPU), or any device that delivers answers to complex problems without revealing the inner working or processes involved.
Bluetooth
A technical industry standard for seamless low-power, short-range wireless communication of data and voice between electronic devices such as mobile phones, computers (including hand-helds), PDAs, printers, and others.
Cathode Ray Tube (CRT)
A Cathode Ray Tube (CRT) is a device that was widely used in traditional television sets and computer monitors. It produces images through the use of electron beams striking a phosphorescent surface.
Digital
Digital technology uses a limited, predetermined numbering system to measure or represent the flow of data. Digital computers, for instance, use binary digits 1 (on) and 0 (off) to represent all types of data.
Direct Access
Direct access is a method of processing data where data can be stored and retrieved independently of the location of other data. This method is often associated with Random-Access Memory (RAM).
Document
A 'document' refers to any item containing information set forth by means of letters, numbers, or other symbols. In the context of computing, it specifically refers to a word processing file.
Fixed Disk
A fixed disk, also known as a hard disk, is a data storage device used for storing and retrieving digital information.
Freeware
Computer software that is distributed at no cost, typically over the Internet, allowing users to use, test, and provide feedback or improvements. Unlike shareware, freeware is fully functional without requiring payment.
GEEK
An enthusiastic computer specialist; a person with an intense interest in computers to the exclusion of other human activities. The term is usually not considered an insult.
Graphical User Interface (GUI)
A Graphical User Interface (GUI) is a user-friendly way of interacting with a computer that utilizes visual elements such as icons, menus, and a pointer device. GUIs help simplify commands and improve the overall user experience by providing intuitive and accessible controls.
Hotlink
A hotlink is a connection between programs that allows users to change information in one program while the computer updates the same information in linked programs. Hotlinks are commonly implemented through technologies such as OLE (Object Linking and Embedding) or the older DDE (Dynamic Data Exchange) method.
IBM (International Business Machines Corporation)
IBM is a global leader in the manufacturing of computers, servers, and other office equipment. Established in 1911 through a merger of three companies, it has played a crucial role in the evolution of information technology.
Information Systems
Information systems encompass any written, electronic, or graphical methods of communicating information. The basis of an information system is the sharing and processing of information and ideas. Computers and telecommunication technologies have become essential information system components.
Information Technology (IT)
Information Technology involves the use of computers and other electronic means to process, distribute, and transfer information. Various networks, including Wi-Fi, satellite links, and mobile networks, facilitate tasks such as email communication, remote database access, and electronic funds transfer, playing a significant role in the globalization of markets.
Listed Property
In taxation, listed property refers to assets such as automobiles, computers, and cellular phones that are subject to a 50% business use test. Depreciation methods for these assets vary based on their usage for business purposes.
Macintosh
The Apple Macintosh computer, introduced in 1984, which was the first widely used computer with a graphical user interface (GUI).
Megabyte (MB)
A megabyte (MB) is a unit of digital information storage equal to 2^20^ bytes or approximately one million bytes. It is commonly used to quantify the capacity of microcomputer hard disks and high-density floppy disks.
Navigation
Navigation involves finding one's way through a complex system of menus, files, or the World Wide Web. It encompasses methods and processes that allow users to find information or achieve tasks efficiently.
NERD
A slang term used to describe a person intensely interested in computers or other scientific/engineering subjects, often to the exclusion of other human activities. The term implies a certain degree of social awkwardness but can also be used as a compliment within certain groups.
Networking
Networking refers to the act of establishing and utilizing professional or social contacts for fulfilling various personal or business needs. This can involve electronic communication, broadcasting, or computer systems.
Online
The term 'online' refers to being connected to a computer network, especially the Internet. This state contrasts with 'offline' and allows users to access a multitude of resources and services.
Open
The term 'Open' varies in meaning across different fields such as Banking, Finance, Securities, and Computers. It generally signifies the initiation of an action or status that is currently active and not yet completed.
Original Equipment Manufacturer (OEM)
An Original Equipment Manufacturer (OEM) is a company that produces parts and equipment that are used in another company's end product. OEM parts are typically considered to be of higher quality compared to aftermarket parts.
Pointing Device
A pointing device is an input device that allows users to manipulate a cursor in a graphical user interface. The most common example is a mouse, but other types include trackballs, graphics tablets, joysticks, and various pen-type devices.
Power Surge
A power surge is a sudden and brief increase in voltage that travels through power lines. It can potentially damage electrical equipment, especially sensitive electronics such as computers.
Primary Storage Devices
Primary storage devices, such as Random Access Memory (RAM), are where current data is stored temporarily as the computer operates. These devices use volatile memory chips to manage active processes and data.
Read-Only Memory (ROM)
Read-Only Memory (ROM) is a type of non-volatile storage used in computers and other electronic devices. Data stored in ROM can only be read and not written during normal operation, making it crucial for storing firmware and system software that do not require modification.
Release
A release can signify different forms of authorization or versioning across various fields such as general permissions, real estate, and computing software updates.
Robot
A robot is a computerized machine that can be programmed to perform certain tasks. Robots are particularly useful in performing work that is monotonous, repetitious, or dangerous.
Run
A comprehensive guide on the multifaceted usage and implications of the term 'run' across different domains such as banking and computers.
Scroll Bar
A scroll bar is a user interface element that allows users to navigate through the contents of a computer screen window. It can be found on the side (vertical scroll bar) or the bottom (horizontal scroll bar) of most windows.
Technology
Technology refers to the developed applications for industry and the industrial arts, used to enhance and streamline processes through the use of applied science. It encompasses advancements in various fields such as electronics, computer science, and engineering.
Telecommunications
The transmission of messages by computers, telephone, telegram, or television. It involves the exchange of information over significant distances by electronic means and refers to all types of data transmission. It is fundamental in modern communication systems, supporting conversations, internet browsing, video conferencing, and broadcast TV.
Texas Instruments (TI)
Manufacturer of semiconductors and computers, founded in 1947 and headquartered in Dallas, Texas. Known for developing the first working integrated circuit in 1958.
Truncation
In banking, truncation refers to the elimination of the service of returning canceled checks to customers. In computing, truncation involves dropping digits to the right of the decimal point of a number.
Wallpaper
The term 'wallpaper' has dual significance: in finance, it refers to worthless securities like bankrupt stocks and bonds, and in computing, it denotes a picture or graphic used as a desktop background.
Webcam
A webcam is a camera that is connected to a computer and used to stream live video over the Internet.
Word Processing
Using a computer to prepare a document such as a letter, manuscript, or report. Word processing software enables easy revision and allows the final document to be printed out without retyping the entire text.
Write-Protect
Write-protect is the process of placing a signal to a computer or storage device to prevent any data from being accidentally written or modified on the storage device. This ensures valuable data can be read without the risk of being overwritten or deleted.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.