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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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masters

Sports; Golf

A golf tournament that is played at Augusta National Golf Course

promotion

Business services; Human resources

When an employee advances from one position to another with a higher salary range.

unleveraged program

Financial services; General Finance

The use of borrowed funds to finance less than 50% of a purchase of assets. In a leveraged program borrowed funds are used to finance more than 50%.

chasers

Sports;

those who are trying to catch a group or a lead rider.

track!

Sports; Bicycle & electric bicycle

the word to yell when you want a rider you're catching to move over on the singletrack so you can pass.

treasury securities

Financial services; General Finance

Securities issued by the US Department of the Treasury.

taxable event

Financial services; General Finance

An event or transaction that has a tax consequence, such as the sale of stock holding that is subject to capital gains taxes.

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