Examlex
SAP systems automatically track raw material inventory and generate purchase requisitions when reorder levels are reached.
Past Service
The period of service that is counted for the purposes of calculating pensions or other benefits, often before the current benefit plan was in place.
Consideration Requirement
In contract law, this is a necessary element that refers to something of value promised in exchange for a specific action or non-action.
Charitable Subscription
A commitment to donate a specified amount of money to a charity or non-profit organization.
Unliquidated Debt
A debt for which the exact amount owed has not been determined or agreed upon.
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