FUNGIBLE
Recognized as being uniform, exchangeable, and a worthwhile substitute. Applies in the economy as cash for cash, corn for corn, and gold for gold. Any commodity to be traded on a commodity
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Recognized as being uniform, exchangeable, and a worthwhile substitute. Applies in the economy as cash for cash, corn for corn, and gold for gold. Any commodity to be traded on a commodity
Agreement to buy or sell a commodity, financial instrument, or security, on a stated future date, at a specified price; made binding when conducted on-the-fly, on-the-trading-floor. Standardized agreements for quantity, quality, delivery
The operation, maintenance, and security of a place of business done by an external party.
Equipment that rarely fails because it is used often and is backed up automatically. Nothing is 100% safe so its preferred to say fault tolerant.
A TECHNICAL ANALYSIS charting figure depicting a declining securities price or index value over time, with everlower resistance levels, generally considered to be a bearish signal. Also known as DESCENDING TOP. See
An additional insurance for farming issues like livestock or equipment.
1. a wealthy campaign donor. 2. a rich person.
FDIC approved lenders with issues. Many factors are on this list.
A computer system done by the federal reserve that transfers account balances and government securities. Refer to culpeper switch.
A loan that the FHA insres and is approved by a lender with FHA regulations.
Instructions for making a small change in a contract that doesn’t change the amount or dates.
A computer used for storing data made by other computers.
When an arbitrator has to choose between the final positions of the parties involved. It hopes that both parties will be reasonable. They split the difference.
The amount borrowed that a firm has to keep running.
How to measure the financial fitness of a party to cover expenses of daily life with their income. It also covers how other expenses are paid by income for an individual.
The requirement to pay money to another party once it has been borrowed. It also happens in legal cases. AKA liability.
Costs that a bank gets paid. It can also apply to a financial institution other than a bank.
The cost of getting a loan. It is different than the price of equity capital.
A FINITE REINSURANCE agreement where the REINSURER agrees to pay, on behalf of the CEDING INSURER, a fixed or variable proportion of CLAIMS and expenses as they occur; ceding commissions and investment
Insurance that pays for loss without charging deductible.