Bulk Sales Act: An act that requires the recording and publication of a sale that is not in the normal course of business. The act is intended to give notice to the creditors of the seller so they can protect their interests.

 

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Bulk Sales Act: An act that requires the recording and publication of a sale that is not in the normal course of business. The act is intended to give notice to the creditors of the seller so they can prote . . . View Full Definition

Nutrition Labeling And Education Act Of 1991 (NLEA): P.L. 101-535 (November 8, 1990) mandated for the first time that most foods regulated by the Food and Drug Administration must be sold with nutrition labeling. The Act changed the list of nu . . . View Full Definition

Obliquity Factor: A factor in an expression for a constituent tide (or tidal current) involving the angle of the inclination of the Moon's orbit to the plane of the Earth's Equator.

Occupational Safety And Health Act (OSHA): Congress created OSHA under the Occupational Safety and Health Act, which was signed by President Richard M. Nixon on December 29, 1970. OSHAs mission is to prevent work-related injuries, il . . . View Full Definition

Office Of Federal Contract Compliance (OFCCP): Division of the Employment Standards Administration in the Department of Labor responsible for enforcing three statutes for federal contractors and subcontractors: Executive Order No. 11246, . . . View Full Definition

Occupational Safety And Health Act (OSHA) Of 1970: A law setting forth standards that employers must comply with in order to provide working conditions that are safe and free from any health hazards for all employees. Additionally, the law a . . . View Full Definition

Number Of Days Sales Invested In Working Capital: An alternative measure of the amount of working capital used in generating the sales of a period: computed by dividing 365 days by the working capital turnover.

Number Of Days Sales In Receivables: A measure of the average number of days it takes to collect a credit sale: computed by dividing 365 days by the accounts receivable turnover.

North American Free Trade Agreement Implementation Act: P.L. 103-182 (December 8, 1993) approved and implemented the North American Free Trade Agreement (NAFTA). NAFTA pertains to cross-border trade between the United States, Mexico, and Canada. . . . View Full Definition

Normal Investment Practice: The investment history of a customer, which is used as a benchmark to test the bona fide public offerings requirement of the allocation of a hot issue.