Relationship

From ACT Wiki
Revision as of 10:40, 14 July 2022 by imported>Doug Williamson (Create page. Sources: Linked pages.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

1. Noun.

A connection between organisations, individuals or other entities or concepts.

Often a positive and mutually beneficial connection.


2. Adjective.

Describing an approach to interactions that takes account of a longer term series of interactions, and not just the immediate transaction in view.


3. Banking.

Under a relationship banking approach, a corporate customer only uses a relatively smaller number of banks for all its banking business.

Contrasted with a transactional approach.


4. Correlation.

The way in which an amount varies in association with a change in another amount.

For example, an inverse relationship.


See also