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What Mike Moore, the head of the World Trade Organization, has called the 2 Ts - technology and
telecommunications - have helped reduce the importance of barriers between nations.
Moody's "Aaa"
The highest credit rating given by Moody's Investors Service, denoting the lowest risk of default for bonds and other fixed-income securities.
Default Rate
The percentage of borrowers who fail to remain current on their loans or credit agreements, indicating the level of credit risk associated with a loan portfolio.
Operating Activities
Business activities directly related to the production and delivery of goods and services, forming the primary revenue-producing activities of an entity.
Operating Cash Shortfalls
Situations where a business does not generate enough cash from its operating activities to meet its operational expenses.
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