Category: C

Contract year is the amount of time between the effective date and the expiration date.

A formula which shows the amount an employer would pay for any plan of profit sharing. This formula could also be used for plan related to purchasing money.

A provision detailing what portion of a claim the insurer pays and what portion the insured pays.

The implicit or explicit price a company must pay to manage its RISK exposures; it is typically comprised of the expected costs and direct and indirect losses arising from RISK RETENTION, LOSS

A single COLLATERAL agreement that covers multiple LOANS or credit facilities. Also known as DRAGNET CLAUSE. See also POOLED PORTFOLIO COLLATERAL, TRANSACTIONSPECIFIC COLLATERAL.

The RISK of loss arising from a change in the shape of the YIELD CURVE (i.e., the TERM STRUCTURE of INTEREST RATES). Although curve risk is generally associated with interest rates, it

A plan that allows employees to choose the allocation of their premiums and the composition of their benefits.

Periodic or continuous rights given to the lender to cause payment of the total principal balance prior to the maturity date.

An instance of being summoned, esp. in order to deal with an emergency or to do repairs.

The energy needed to raise the temperature of 1 kilogram of water through 1

A penalty that is incurred for not having a service as long as the contract was stated for.

The analysis of a specific organization’s resources and structures which help identify the potential of the organization.

A business simulation computer game first published in 1995 by Interactive Magic, developed by Enlight for the Macintosh and MS-DOS and designed by Trevor Chan.

Used in the Prepaid or Dental Health Maintenance Organization (DHMO) environment, this amount is paid to each general dentist proportionate to the number of members who have selected him/her as their primary

A record or estimation of carbon in an area or system, and the flux into and out of this system.

A paper listing of lost, stolen, past-due, over-limit, counterfeit or otherwise problem cards published by credit card companies, like Visa or MasterCard. Merchants will review the list to discover if a credit

Negligence: failure to act with the prudence that a reasonable person would exercise under the same circumstances.

The right to retain possession of goods pending payment of overdue freight charges.

The portion of a trial whereby the party with the BURDEN OF PROOF in the case presents its evidence. The term differs from a rebuttal, whereby a party seeks to contradict the