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What Is a Lender?

Lenders refer to individuals or institutions that provide loans. There are many different kinds of lenders. These include educational lenders and commercial lenders, hard money lenders and mutual organizations, as well as lenders of last resort. The most common type, however, is the commercial...

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What Is an Insurance Claim?

An insurance claim refers to the process of a person applying to get the benefits provided by an insurance company that is stipulated in the insurance policy the person pays for. An insurance claim must be filed before any money is given to the hospital, car repair shop or other contracted service...

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What Is Personal Tax Earmarking?

Personal tax earmarking is a new scheme developed by the Internal Revenue Service (IRS) in order to make paying taxes less feel like less of a chore and also significantly easier. Personal tax earmarking is an initiative that allows taxpayers to choose where a portion of the budget of each...

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What Is Public Relations?

Public relations is a kind of service for a company that aims to give both the public and the mass media a more insightful perspective of the company and how it works. Its main goal is to make sure that the company's reputation is enhanced or improved. Public relations is also known inside a company...

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What Is Racketeering?

In a nutshell, racketeering is an illegal business scheme set up by a group with the goal of making a profit. Activities can include bribery, sexual exploitation of children, and illegal gambling—though there are much, much more. For example, the group may be involved in theft, fraud or extortion...

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Abbott Laboratories to Purchase Facet Biotech

Abbott Laboratories announced Tuesday plans to purchase Facet Biotech Corp. for the price of $450 million dollars. Abbott Laboratories located in North Chicago, Illinois and is one of the United States' largest drug and medical products companies. Abbott Labs will further the expanding field of...

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What Is Shill Marketing?

Shill marketing is underground marketing. Basically, someone who is connected to a business tries to pretend that he is a neutral source. He provides a supposedly unbiased and objective testimonial, supposedly from personal experience with a product and service, and convinces others to try it too....

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What Is an Unfair Labor Practice?

An unfair labor practice is the term in which an employer or the labor organization violates their labor rights. Unfair labor practices are hostile to the legitimate interests of both labor and management, including their right to bargain collectively and otherwise deal with each other in an...

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What Is Corporate Responsibility?

All company or business starts with a goal, depending on the type of business they want to build. Agendas that involves making business bigger, making more money or simply just providing service for the society. These businesses have a corporate responsibility to community. Corporate responsibility...

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What Is Supply Chain Management?

Companies in the manufacturing industry are familiar with the supply chain. Here, the raw materials are collected, and then processed to create the product. However, to ensure a good profit, the supply chain must be properly monitored, and the system perfected to minimize loss and error, maximize...