Category: C

Monies paid when goods or services are bought.

Receiving cash in exchange for a financial instrument, such as a stock, or policy or check or guarantee or draft.

Investors use this options contract to swap or exchange a portion of the difference of insurance premiums to losses caused by claims with a fixed payment. New York Catastrophe Exchange is trading

The government department that conducts a regional or national census. This bureau also researches the census results to provide accurate information regarding the country’s people and economy, based on the census data

Measurement of industrial consumption of natural gas or water is taken in this unit. One CCF is 100 cubic feet.

When investors buy a lessor’s ownership interest to share in the income from the leased asset and in the associated tax advantages in proportion to their investment, the Lease arrangement is document

A city-wide, regional, or country-wide business group focused to protect and promote the economic interests of its members through legislative and other means. The International Chamber of Commerce in Paris affiliates most

A change requested or directed in the magnitude and/or composition of a project by a principal or client after the award of contract.

A check’s portion retained as a record by the check writer; for account keeping purposes, such as the stub part of a payroll check. The stub has an area for payments to

A substance that forces change, usually damage, on living organisms or ecosystems, or reduces their ability to cope with environmental changes. This occurs when the substance is released unplanned and unwanted into

Most senior executive responsible directly for the financial planning and execution of the firm. The CFO is accountable for all accounting functions including: (1) control over credit, (2) budgets and financial statements

An OVERTHECOUNTER COMPLEX OPTION that permits the buyer to choose between an underlying CALL OPTION and PUT OPTION with identical STRIKE PRICES and maturities from trade date until a defined

A plane trip that end in the same place as it started but with different stops on the way and back so that it is not a round trip. For example: A

A disaster scenario where various LINES of INSURANCE are simultaneously impacted by losses. The resulting CLAIMS may be particularly large and can negatively impact the financial condition of INSURERS and REINSURERS. See

Statistical modeling tool. Used in predicting future worth(s) of a target or dependent variables. Based on the long-term knowledge on the behavior of a set of explanatory factors or independent variables. A

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

Implemented by banks to lessen borrowers tendency of repeatedly drawing against their own lines of credit. This requirement is often written into the contracts to require borrowers to pay off outstanding balances

The shrink-wrap licensing agreement for web software. It is enforceable with the purchase or download a program once an online buyer or user clicks on the ‘I Agree’ button on the webpage.

Firm privately held, whose shares are owned by a family or a small group of investors, and not available to the public. Known also as privately held corporation. Refer also to closely

A labor union strictly limited to a specific craft, occupation, or industry. Limits its membership, also.