Category: C

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.

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

Multiple storage servers working together to provide high response rate, availability, and accessibility for the multiple read and write requests. This is employed for a large website.

Required rules, ordnances, regulations, or statutory requirements governing the administration or control of certain activities, such as building construction, and for promoting and protecting public health, safety, and welfare. Refer also to

Authority or power acquired by the employment of fear, suppression of free will, and/or use of illegal punishment or threat.

Procedure step in bar, tube, or wire manufacturing where a metal rod is pulled through a die without preheating. Cold drawing alters the mechanical properties of the metal and leaving the final

Assigning an asset whose ownership rights are moving only as an additional security for a loan. These rights will revert to the assignor when the loan is repaid. Refer also to assignment

Every member’s responsibility regardless of an individual member’s involvement in decisions or the member’s position or rank. Refer also to consensus and doctrine of individual responsibility.

The liability caused by injury and property damage. The two figures are combined in one.

Created in October 2008 it creates more liquidity on commercial paper market assets. It funds issuers and is back up via the Special Purpose Vehicle. Its goal is to make funding easier

A rule in insurance where the payable amount is limited to a maximum numbe of people with injuries.