Category: A

A measure of the number of years it takes for an investor to recover the initial CONVERSION PREMIUM paid when purchasing a CONVERTIBLE BOND, after accounting for the fact that the investor

A document about final wishes of an individual. It is drawn up in case the person becomes unable to make their own decisions. AKA living will.

A party related to a person owning a trust. Or an employee who has interest in the company trust.

Goods on a boat betwen the start and end of the journey.

A CAPTIVE, owned by one or more INSURANCE AGENTS, which is used to write insurance cover for a large number of third party clients. See also GROUP CAPTIVE, PROTECTED CELL COMPANY,PURE CAPTIVE,

A BANK forming part of a SYNDICATE arranging a LOAN for a borrower that is responsible for protecting the interests of all other syndicate banks. The lead bank arranging the loan is

An agreement in creating a system for customs value in Tokyo.

An air pollutant that can cause damages that are permanent.

In the United States, an INSURER formed on the basis of the legal requirements of a country other than the United States. In order to qualify to write INSURANCE in the United

A policy that covers all risk except bad packaging, delay, inherent vice, or loss of market just to name a few. Risks listed in the policy are the ones that are not

Testing done in company of a model. It establishes flaws to come or deficiencies. Refer to beta test.

Advertising opportunities not in the standard list. They can be fliers, handouts, super market videos, and the phone book.

When independent agents sell insurance for a bigger company. AKA independent agency system.

A nonprofit that manages personnel education and training to improve employee skills. It was founded in the early 1900s in New York, NY. Managers get training in seminars, conferences, online courses, books,

In INSURANCE, the lesser of a POLICY CAP on a contract and the MAXIMUM PROBABLE LOSS to the INSURED. INSURERS use amount at risk to estimate potential losses within their PORTFOLIOS.

An operater that finds records if it has all the words specified in the search. Refer to not and or.

When an event or judgment is treated as if it never happened.

Computer programs that watch statements for money laundering practices. There are three types of such programs.

It stands for advance purchase excursion fare. Its plane faire with a discount because it was bought 21 days before, the departures are less than 6 weeks apart, and there are no

A statement that addresses sources and their use for liquid funds and working capital.