I've never heard of monotonic being used for two (input) variables, but I suppose it would mean that, for each fixed value of y, u is a monotonic function of x, and for each fixed value of x, u is a monotonic function of y (and I expect they'd need to be either both monotonic increasing or both monotonic decreasing).
Business Trust Law & Legal Definition. Business trust is a form of business organization which is similar to a corporation, in which investors receive transferable certificates of beneficial interest.n some states, a business trust is subject to the laws of trusts whereas in other states the laws of corporations or partnerships govern its existence.
LINK / CITE ADD TO WORD LIST. noun. The definition of business ethics is the set of moral rules that govern how businesses operate, how business decisions are made and how people are treated.In business, there are many different people you have to answer to: customers, shareholders and clients. An example business ethics are attorney ethics which call for complete confidentiality. 2  The law recognizes that attorneys have such a high moral obligation to keep their clients secrets confidential, that if an attorney violates this ethical duty, he can lose his license to practice law.