APPLICATION FOR PAYMENT
A request written when work is performed and compensation is due.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A request written when work is performed and compensation is due.
When an asset’s value increases due to improvements or additions.
A strong angel investor with a successful history in investment. A consultant kept by angels to research and present opportunities.
Refer to autoregressive moving average (ARMA) model.
A clause stating that an item is bought with no warranty. The buyer takes the item as it is with any apparent or nonapparent faults.
A firm that another firm controls. At least 20% of shares are usually used for this. The directories are interlocked to make sure a common policy and similiar objectives are in place.
The requirement of an insurance officer to sign the contract for it to be official.
The SUPERVISORY BOARD of a German CORPORATION. See also VORSTAND.
A party allowed to manage an account. This can be for any type of account. They are not required all the time to repay debt incurred.
Automatic REINSURANCE coverage for an INSURER that becomes effective once a defined loss limit is exceeded, often implemented through a STOP LOSS AGREEMENT or a CATASTROPHE PER OCCURRENCE EXCESS OF LOSS contract.
The idea that any living system can maintain stability despite any changes. It is self regulated.
The amount of accounts in receivables, cash, and inventory just to name a few. They are easily converted into cash or can be sold in the year.
A BID on a LIMIT ORDER that is lower than the current price, or an ASK that is higher than the current price. The order is held for later execution unless it
The validity of a document or record. The document is kept in original form with no tampering.
Rooms in a hotel that have no connecting passages but are next to each other.
A bank loan that is short term given to an exporter or seller. It is paid when the buyer pays for the shipment. The bank can take their money out at that
When an insurance company covers someone who is lieing about a preexisting condition. The policy harms the company that took the application. AKA antiselection.
When an acquisition is analyzed and is deemed to be worth the resources it takes to manage it.
When an agent is chosen by accepting their unauthorized acts.
When one party represents another in court when they cannot be there.