Industry Glossary Flashcards
A term used to describe the type of reservation made on function space within a venue (hotel, convention center, etc.). An event organizer who has 24-hour hold on a space has exclusive use and access to that space for a period of 24-hours. Usually 00:00-23:59.
24-Hour Hold
Audiovisual guidelines by which a presentation slide should contain no more than 6 words per line of text and no more than 6 lines of text.
6-by-6 Rule
1) Written summaries of speeches or papers, generally between 200-500 words. 2) Brief statement of content
Abstract
Freestanding or rolling boards, typically 4’x8’ used for attaching copies of research papers for authors to discuss with participants.
Abstract Board
A provision sometimes used in contracts to accelerate deposit payment schedule or to demand full prepayment of master account in the event of default or lack of credit by the purchasing organization. May also apply in other situation, such as assignments. Primarily used in North America.
Acceleration Clause
A requirement for entering into a binding contract. if a contract proposal (offer) is made, it is accepted if the offeree signs the offer as submitted. If the offeree makes any changes to the offer before signing, it is a counter offer, not acceptance.
Acceptance
Now known as the Industry Insights
Accepted Practices Exchange (APEX)
Usable by people with disabilities
Accessible
1) Any seat, berth, room, or service provided and/or sold to a guest, attendee, or passenger. 2) Action taken to allow a person with a disability to participate in an event.
Accommodation
Official authorization or approval to 1) provide with credentials. 2) Recognize or verify the act of conforming with a standard. 3) Recognize a post-secondary institution or degree-bearing program as satisfying and maintaining academic standards.
Accreditation
1) An accounting method that enters income and expenses into the books at the time of contract versus when payment is received or expenses incurred. 2) A system in which revenue and expenses are accounted for as soon as they are committed.
Accrual Accounting
An extraordinary natural disaster such as extreme weather, flood, hurricane, tornado, earthquake, etc. that cannot be reasonably foreseen or prevented and over which a contracting party has no reasonable control. The occurrence makes performance of the contract illegal, impractical, or impossible, leaving the contract parties with no legal responsibility to continue performance of the contract.
Act of God
Chefs prepare foods to order and serve them fresh to guests. Also called Performance Stations, Carving Stations, or Exhibition Cooking.
Action Station
Also known as gross shipping weight. Determined by 1) weighing a vehicle empty, 2) loading a shipment and returning the vehicle to the scale to obtain the new weight, and 3) subtracting the empty from the loaded weight. Can also be obtained by individually weighing each piece of freight.
Actual Weight
Committee formed to deal with a specific issue or task; the committee is dissolved upon making its final report to the organization that created it.
Ad Hoc Committee
Tax applied to an item according to the value of an item.
Ad Valorem Tax
An individual or organization listed as covered by a primary insurance agreement.
Additional Insured
Rooms with common walls, but without connecting doors.
Adjoining Rooms
An adult who is usually pursuing education to attain a specific and practical goal.
Adult Learner
An order for goods and/or services placed before the move-in date for an exhibition. Usually less expensive than an order made on-site.
Advance Order
Fees association with advance orders, which typically include discounts when paid in advance.
Advance Rate
Booking before an event takes place. Allows attendees to register for an event before it actually takes place.
Advance Registration
A group that offers advice or counsel to event organizer, event management, or other organization on strategic options such as education content, exhibitor matters, contracting policies or other issues.
Advisory Board
Group sharing common interest, usually people who are members of the same organization.
Affinity Group