Sunday, December 30, 2007

Diamond

Diamond is an allotrope of carbon, and it is the hardest known natural material and the third-hardest known material after aggregate diamond nanorods and ultrahard fullerite. Its hardness and high dispersal of light make it useful for industrial applications and jewelry.

Diamonds are specifically famous as a material with superlative physical qualities; they make excellent abrasives because they can be injured only by other diamonds, Borazon, ultrahard fullerite, or aggregated diamond nanorods, which also means they hold a polish tremendously well and retain their luster. Approximately 130 million carats (26,000 kg) are mined annually, with a sum value of nearly USD $9 billion, and about 100,000 kg (220,000 lb) are synthesize annually.

Tuesday, December 25, 2007

Fixed income

Fixed income refers to any kind of investment that yields a regular (or fixed) return.
For example, if you make use of money and have to pay interest once a month, you have issued a fixed-income security. When a company does this, it is often called a bond or corporate bank debt although 'preferred stock' is also sometimes measured to be fixed income. Sometimes people misspeak when they talk about fixed income; bonds really have higher risk, while notes and bills have less risk because these are issued by Government agencies.

The term fixed income is also useful to a person's income that does not vary with each period. This can include income derivative from fixed-income investments such as bonds and preferred stocks or pensions that guarantee a fixed income.

Sunday, December 16, 2007

Negotiable instrument

A negotiable instrument is not a contract per se, as contract formation requires an offer, acceptance, and consideration, none of which are basics of a negotiable instrument. Unlike ordinary contract documents, the right to the performance of a negotiable instrument is connected to the possession of the document itself (with certain exceptions such as loss or theft).

The rights of the payee (or holder in due course) are better than those provide by ordinary contracts as follows: The rights to payment are not subject to set-off, and do not rely on the power of the underlying contract giving rise to the debt (for example if a cheque was drawn for payment for goods delivered but defective, the drawer is still liable on the cheque) No notice needs to be given to any prior party legally responsible on the instrument for transfer of the rights under the instrument by negotiation Transfer free of equities—the holder in due course can hold enhanced title than the party he obtains it from Negotiation enables the transferee to become the party to the contract, and to enforce the contract in his own name. Negotiation can be effect by endorsement and delivery (order instruments), or by delivery alone (bearer instruments).

Sunday, December 09, 2007

Final good

Consumer goods redirect here, There is also a band called The Consumer Goods.
In economics final goods are goods that are finally consumed rather than used in the production of another good. For example, a car sold to a consumer is a final good; the apparatus such as tires sold to the car manufacturer are not; they are intermediate goods used to make the final good.

When used in measures of national income and output the term final goods only include new goods. For instance, the GDP excludes items counted in an earlier year to prevent double counting of production based on resale of the same item second and third hand.

Consumer goods are accurately the same as final goods, but with the restrained difference that they are specifically intended for the mass market. For instance, consumer goods do not include investment assets, like precious antiques; even though these substances are final goods. Manufactured goods are goods that have been process in any way. As such, they are the conflicting of raw materials, but include in-between goods as well as final goods.