Category: C

The insurance company that transfers to another insurance company the insurance it has written.

A nonprofit, limited liability company (llc) research institution in Germany. It is involved with the gathering of research data that organizes information on economic issues and policies. The institution provides advice to

A time DEPOSIT issued by a BANK to a depositor that pays a fixed or variable INTEREST RATE; in most instances the deposit represents a senior, unsecured LIABILITY of the issuing bank.

As an alternative to the Consumer Price Index, this measurement is used to remove any biases related to new products, any changes in quality, and discounted pricing. The chain weighted CPI uses

The transfer from one aircraft to another aircraft belonging to the same or different airline without a change in the flight number. Known also as a change of equipment or change of

Latest standard time set by a hotel that a hotel guest must formally vacate his or her room without incurring additional charges for another day’s stay. Following a check out, hotels provide

Molecular recombining of two or more chemicals or chemical substances to either produce one or more different chemicals or compounds, or alter the properties of the original chemicals or substances. Most reactions

One of the most influential bodies of economic thought in recent times. Major ideological defender of conservative economics and capitalism. This monetarist school is associated with the economics department at the University

Chlorine added to water. Oxidizes organic contaminants. Kills many microorganisms. Refer also to disinfection.

The Contrast to customer retention rate. The higher a churn rate is, the lower a customer retention rate is, and vice versa.

Determination of whether a CLAIM is covered by an INSURANCE contract. If the contract is written on a claims occurrence basis and a claim arises from an event when the policy is

The notion that changes to the variables that affect monetary values will not impact real values such as interest rates, employment, industrial output. This is a classical economic concept.

Amended antimonopoly provisions of the Sherman Act of 1890 by US federal legislation in 1914. It includes the prohibition of (1) price discrimination and tying agreements, (2) sales based on exclusive-dealing contracts,

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

Website’s users (or visitors) percentage that get to the advertiser’s website by clicking on an advertisement residing on another site. Advertisers use CTR to rate a website. The rate typically ranges from

1. Electrical circuit with live electric current flowing through it. 2. Limited area transmission of audio and/or video signals in a conference hall, hotel, or home. Area monitoring and security scrutiny use

An isolated system with no interaction or interface with any external environment. Recognizing a closed systems externally comes only from its outputs that are not dependent on the system being closed or

New Zealand – Australia Free trade agreement as of January 1, 1983.

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