INTEGRATED OIL & GAS COMPANY
Business entity that engages in exploring, obtaining, producing, refining, and distributing oil and gas. Because of the high entry costs in several oil and gas industry operations, many of the world’s biggest oil and gas companies such as Chevron Corporation and ExxonMobil are integrated. An integrated organization normally organizes its various tasks and operations into categories: upstream and downstream.
POPULAR TERMS
Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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