EXCESS LIMIT
Setting a value as a ceiling that is higher than the normal ceiling set in this type of agreement. Can also be a second agreement with a higher ceiling than the primary
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Setting a value as a ceiling that is higher than the normal ceiling set in this type of agreement. Can also be a second agreement with a higher ceiling than the primary
Swapping assets that are very different, like land for bearer bonds. Both instruments in the swap have significant value.
Makes a person the sole agent providing specific goods and/or services to a particular area or market.
One who enjoys an excursion. In the Travel industry, it names a person staying in a country less than 24 hours.
Infrastructure source of up-to-the-minute operational data, collected and screened from many databases. Financial information, work-in-process, inventory numbers, sales numbers, market trends, industry statistics, and market price of the firm’s shares are the
A manager’s opportunity to obtain frank, perhaps biased, commentary of the good, bad, and ugly reasons on why a terminating employee is leaving this employment. Planned as a formal meeting.
As standard temperature increases, the related, fractional, measurable increase of a solid in its length (linear expansivity), its area (superficial expansivity), or its volume (volume expansivity).
(1) The MEAN of a distribution of values that a random variable can take. (2) The value that is obtained given certain possible outcomes and probabilities of occurrence. In financial RISK MANAGEMENT
When an asset becomes an expense, this change must be recognized on the balance sheet. Assets with no unexpired costs become expired costs, or an expense. This places assets on the balance
Testimony related to a professional or scientific subject. It is based on training and experience in a subject area. The expert must give their opinion to aid the court in a decision
Insurance for property loss due to explosion. It doesn’t cover boilers or pressurized instruments.
The number for exporters in the US. It must be on all shipments in the Shipper’s Export Declaration.
Extending coverage on a standard warranty. The time a producer is liable pays is extended. This is offered at the end of a warranty.
Parties and factors that surround an organization but influence it and the risks. AKA operating environment.
A table about mortality used to decide premium charged for a medical condition.
An economic theory that states that the maximum social benefit that is received from any type of action is received when the marginal social costs of resource allocation is equal to the
Point beyond which deformity will permanently occur. Condition of maximum pressure or stress put on a piece of material.
A type of furnace that uses graphite electrodes to melt scrap iron and steel that is often mixed with DRI pellets. Furnace can be AC or DC powered. See also induction furnace.
Organization established to provide standardized electronic commerce codes for membership-based businesses over the internet. United Nations sponsored an open, transparent, and efficient process for the development, maintenance, and distribution of these codes.
A list of email addresses. Retained electronically by the email user to send email to a group of users or to easily find the addresses of a selected user. Some companies buy
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