Glossary of Terms

Board of Regents Policy
Umbrella policies that provide the framework and guiding principles under which the administration is responsible for implementation of, and compliance with, the intent of the Board of Regents policy.
Brand Elements
The basic components of the University’s brand. Brand Elements include the following: the Wordmark and Driven to Discover as graphic elements, the Driven to Discover campaign-related elements, and the official Web template header and footer.
Break-even Period
A time-period in which total revenues for a good/service should equal total expenses. Three-year average margin of + or - 15%, is considered an acceptable variance.  Annual variances within that range should be reflected in future rates. Variances greater than 15% need to be resolved with Internal Sales Compliance Office.
Broad Dissemination
To distribute widely, outside of the confines defined in this policy (e.g. distributing online, distributing to students outside of class, etc.).
Budget Overruns
Direct costs that are incurred and charged to a sponsored project, but are in excess of the awarded amount.
Budget Preparation
The process by which University units enter annual budgets for all non sponsored funds into the general ledger.
Business Entity

Any corporation, partnership, sole proprietorship, firm, franchise, association, organization, holding company, joint stock company, receivership, business or real estate trust, or any other nongovernmental legal entity organized for profit, nonprofit, or charitable purposes.

Business Interest
Holding any executive position (e.g., Chief Executive Officer, Chief Operating Officer, Chief Scientific or Technical Officer) in a business or membership on a board of a business entity, whether or not such activities are compensated.  The term “board of directors” refers to the board of any business including boards of trustees, scientific advisory boards, medical advisory boards, and boards of professional societies.
Business Telephone Use
May include occasional calls home while employee is in business travel status as follows: while out of town on a University business trip; returning from an out-of-town or extended day business trip; returning home at the end of a work day from a secondary work location other than employee's principal office on University campus.
Calendar Year
January 1 to December 31.

Glossary of Terms

This page allows you to search or browse definitions of terms from the "definitions" sections of Administrative Policies. Please note that when definitions were specific to a particular policy, they were not included.