Non-profit organizations

Non-profit organizations

Abbreviated as NGO, and also known as not-for-profit organisation; an organisation that does not distribute its surplus capital to shareholders or owners, but instead uses them to pursue its original goals.They are usually exempt from income and property tax and most often include charitable organisations, trade unions and public arts organisations.

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unconfirmed letter of credit

Financial services; General Finance

A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. The advising bank merely informs the beneficiary of the letter of ...

U.S. Treasury securities

Financial services; General Finance

Interest-bearing obligations if the U.S. government issued by the U.S. Department of the Treasury as a means of borrowing money to meet government expenditures not covered by tax ...

minuteman

Sports;

in a time trial, the rider who is one place in front of you in the starting order. So called because in most TTs riders start on one-minute intervals.