Category: A

A decision or order that decides the standing of a case.

In property insurance the insured or insurer can demand an appraisal for property damaged to justify a claim.

A furnace that creates heat with electric current. Metal scrap or electrodes are used in this proces.

A numeric sequence with the difference between the numbers being the same. Refer to geometric progression.

A nonhuman entity that is created by law and is legally different owning its own rights and duties. AKA jusistic person and legal person. Refer to body corporate.

Buying the whole new issue by public buyers. If underwriters do this its called absorption.

1. to make good on a threat. Refer to aggression and assault. 2. when a hacker gets into your computer to damage it. Refer to active attack.

The arrangement of chairs in rows facing a platform.

A code that is used to complete a transaction. It authenticates the user has done the transaction.

Insurance that extends a policy for a period of time for a certain amount. It helps to cover the changes in market value or a new asset.

A group of employees that work on the same project. Each member has great responsibility for their part of the project. The project succeeds if all parties perform their tasks correctly.

The number of days outstanding a receivable is during the accounting period.

The party that gives a contract to the bidder.

The tax receiver can assess the liability and get the assessed amount from the tax payer.

An organizations management style that doesn’t plan ahead, responding to only urgent situations, and focuses on fire fighting. This is the way the company sets their goals. Refer to adhocracy.

Refer to asymmetrical digital subscriber line.

An AUDIT OPINION by an external auditor indicating that a company

Calculation that uses constant slope when charted on a graph.

When an agent is appointed but not officially. AKA presumption of agency. Refer to partnership by estoppel.

Studying the broker client relationship. It helps get good incentives for both parties. It also reduces disagreements between the two parties.