EXCESS LAYER
Any INSURANCE coverage that becomes effective once the INSURED
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Any INSURANCE coverage that becomes effective once the INSURED
A facility offered by certain EXCHANGES where two parties can agree to swap, off exchange, a FUTURES contract for a physical ASSET at the price quoted on the exchange. Before an EFP
Agreed-to, time-bound restriction for all involved parties to not make similar agreements with other, not included parties. Intent is to limit loss of capability and limit loss of intellectual capital while the
Specified, time-bound (typically 30 minutes), restricted exposure allowed to something unhealthy, even deadly. Meaningful especially in health and safety regulations.
A title typically in nonprofits than a commercial company. Usually a full-time employee in the role of working director finance, marketing, or operations. Position often scoped to allow for making director-level decisions.
An expense or penalty a consumer pays to a vendor for terminating an existing agreement. Typically done to gain some advantage by engaging another vendor or supplier. An example is the switching
Fiscal policy intending to increase country’s money supply, building it higher than demand, then taking advantage of the increased capital to make tax cuts while increasing government spending to trigger spur economic
The weighted average utility value or satisfaction from income or wealth that is derived from a particular activity. Utility is generally used in an economic or theoretical RISK MANAGEMENT framework; precise measurement
A total of fees paid periodically to a mutual fund divided by the total investment that shareholders or unit holders has. These fees are management fees, administrative fees, and operating expenses of
Combining DBMS with expert systems software. It is used when special knowledge is needed to use it and information is shared or scattered. AKA base management system.
When a research investigates a problem. It gives details where little information is available. Many methods are used to do this.
The party that makes the export declaration document. They sell for another party in another country.
Reinsurance that requires a reinsurer pay the benefits of a disability contract after the company has done for months.
Relying on an outside party that limits freedom of choice in the operation and strategy.
A form that helps list added cost of business needing to stay open after the loss of property.
An electronic magazine. It is webpages and an online magazie. AKA electronic journal or webzine.
Ratio calculated as the number of hours used to successfully achieve a goal divided by the documented number of hours expected to be spent on a job or activity.
Ability of an object to bend, contract, or stretch without permanent deformation. Capability of withstanding pressure or stress. Know also as elasticity and elastic limit.
1.Energy generated by a pattern of oscillation of electrons and protons. A type of energy. A source of power used to provide light, heat, or energy for devices such as computers. 2.
Business conducted without the exchange of paper based documents through the use of electronic and/or online devices. It includes activities such as procurement, order entry, transaction processing, payment, authentication and nonrepudiation, inventory
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