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The notion of terra nullius, invoked by European settlers in reference to new lands like North America, means "land of the locals."
Operating Income
Profit generated from a company's core business operations, excluding expenses and incomes from other sources.
Operating Activities
Transactions and other events that enter into the determination of net income, apart from investing and financing activities.
Cash Flow Statement
The Cash Flow Statement is a financial document that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investments, and all cash outflows that pay for business activities and investments during a given period.
Research and Development
Activities undertaken by a business or organization to innovate and introduce new products or services, or to improve their existing offerings.
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