ADVERTISING FEDERATION OF AMERICA - AFA
A U.S. East Coast based regional advertising group that was created for the purpose of upholding high industry standard, and for the protection and promotion of the advertising trade. The National Federation of Advertising Clubs, the predecessor of the organization, was formed in 1905 through the merging of local advertising clubs. The organization worked independently from its West Coast counterpart, the Advertising Association of the West (AAW) until 1967 to elevate the advertising industry's standard through education and self-regulation.
POPULAR TERMS
Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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Fixed interest rates.
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