Category: C

A standard, commercial letter of credit (LC ) is a document issued mostly by a financial institution, used primarily in trade finance, which usually provides an irrevocable payment undertaking.

(CDO) A COLLATERALIZED DEBT OBLIGATION that is created on a funded basis through the use of actual DEBT securities rather than CREDIT DERIVATIVE contracts. A cash CDO may be structured as a

Generally, a cash-basis taxpayer does not report income until cash is constructively or actually received.

A method of accounting for charging costs as an expense when incurred and acknowledging a collection when made as revenue.

The amount an INSURER is required to return to the INSURED if an INSURANCE contract with savings features is cancelled prior to maturity.

Temporary or part-time laborer who performs various services. An hour or a day is the typical work duration.

A form that lists specific causes of loss covered by a commercial insurance policy; usually an attachment to that policy.

Characteristics that are the focus of particular interest of an individual to an examiner, interviewer, trainer, or perceiver.

if a foreclosure sale on a mortgaged asset fails to generate sufficient monies to cover the loan balance, interest, and other costs, the borrower will undertake to reimburse the lender with the

The order of hierarchy by which an organization wields and delegates authority and power from top management to every employee at every level of the organization. By design, Instructions flow downward along

An agreement in an employment contract giving an employee certain protections from a change of ownership in a company. Typically, protections trigger after a change in the controlling interest that impacts the

Signatures, on the front by the payee, and on the back by the depositor, on a check acknowledging that both parties agree to exchange the specified check amount. Written on the back

Documented, approved, detailed description of policies and work practices designed and employed to protect employees and others in a workplace from health hazards possible due to the presence, production, or use of

Random variables distribution for variables required to be equal to or greater than 0. Unlike normal distributions, this distribution traces as an asymmetric curve. This curve has a long tail, extending to

UK-sponsored program for a new debt card system to authorize transactions using chip-implanted card and pin number. The card reader will access the stored information on the chip when the debit card

Recorded description of events or happenings in the order of their occurrence.

US residents, 16 years of age or older, not employed by any government or military institution, and either employed and unemployed. .

NFPA classification for a fire due to or engulfing ordinary combustible material, such as cloth, paper, plastics, rubber, wood, and the like. These materials can be extinguished using water based or general

Past-due loan now questionable as able to survive past the recovery of the full principal balance plus accrued interest. Banks identify such loans as poor-performing assets in their account books.

Cleaning of equipment in its stationary location while assembled. The equipment is cleaned and sanitized in modern food processing plants by automatic, computer-controlled devices at the appropriate time.