Category: C

Procedural rules detailing how the court will handle a civil case. This documented coda of rules determine what pleas, orders and motions are allowed, as well as how to handle depositions and

Ratio of a general insurance firm’s claims total paid added to the loss adjustments against the premiums earned. Known also as loss ratio.

shares in a mutual fund with a backend load. Also known as B Shares. Refer to Class A Shares; Class C Shares for comparison.

Stipulation in marine insurance policies that the vessel used for shipment meet all prescribed requirements else the insurance coverage is void or additional premium are owed.

B/L with no adverse remarks or notations, called ‘clauses’, made by the shipping firm about the condition, packaging, or quantity of the goods being shipped. Importers and their banks typically require a

Consolidating by the purchasing firm of the purchased company. Known also as takeout merger.

An EXCHANGE member that is permitted to clear trades directly with the CLEARINGHOUSE, and which can accept trades for other clearing members and NONCLEARING MEMBERS. CLEARINGHOUSE (1) In the DERIVATIVES market, a

Designed by the US government, it is a stealth chip. Proposed by the US government to be installed in all data communication devices as a national security measure. How this chip works

A manufacturing resource planning system (MRP). It manages products returned by retail stores, or products that failed the manufacturer’s quality control standards. This system tracks purchasing plans against the list of products

A type of regulated investment firm with a limited number of shares available, as listed on a specific exchange, making the stock a closed-end fund.

Costs and fees required of a buyer in a real estate transaction, or of a borrower in mortgage loans.

Premium-priced hotel floor with superior service and security. Known also as concierge floor.

In internet commerce, this is two firms collaborating to market a good or service. In co-branding, a website owned by one firm with a significant visitor or user base is used to

1. Converting text as an encoded or unreadable form from one symbolic form into another. Refer also to encryption. 2. Converting into a numerical form for reporting and statistical use. Typically involves

From compatibility within a person’s attitudes, behavior, beliefs, and/or knowledge, there arises an internal consistency and from that, a state of harmony. Contrasts with cognitive dissonance.

Mandated amount of coverage detailed in a coinsurance clause in an open stock burglary policy.

Water contamination test, counting colonies of coliform-bacteria Escherichia coli (E. coli) per 100 milliliter of water. The counted result is expressed as ‘Coliform Microbial Density’ and indicates the extent of fecal matter

Secondary but worthwhile information essential or made available for the full or proper use of primary information.

Items such as antiques, art, books, coins, that are rare and valuable, bought for their potential future worth as an investment. This worth usually increase in inflationary times and deceases in deflationary

Group’s steps or actions while working toward a common goal. When individuals engage in collective action, the strength of the group’s resources, knowledge and efforts combines all parties to more readily achieve