Category: E

Going beyond a specific set limit. Typically used with pollution, like pollutants in a waste stream, to describe violating a permitted level, count, or number.

A REINSURANCE arrangement where a REINSURER assumes RISKS and returns in specific horizontal or vertical layers; depending on the magnitude of losses and the sequence and level of ATTACHMENT a reinsurer may

The percentage of how many of a buying company’s shares are to be swapped for the shares of a company being bought.

Agreed-to restriction allowing a specific seller/marketer/distributor to represent a particular line of goods of services to a specific market or retail area. An example is an new line of clothing being marketed

All contractual planned actions are completed.

The actions of seeking to hire corporate officers, executives and other senior level management positions. Payment for the search is typically either by retainer or contingency. An industry has evolved around the

A document showing the authorization and permission given to the holder by the appropriate authorities for entering .

1. In General, this is the belief that something will happen based on a series of actions. 2. In Statistics, this is the likelihood, the average probability, of an unplanned occurrence.

The monetary costs for attaining the desired result as quickly as possible. In fast tracking repairs or replacement of a lost or damaged asset, overtime, express transport, prioritizing will each likely cost

Expenses owed, yet unpaid is the insurer’s liability.

An appropriation where no new contract can be done but is used to settle existing obligations.

Insurance to cover an exporter from nonpayment by the importer. It has an ad valorem fee that considers credit worthiness of the importer.

A contract between parties that lets them declare intentions and contract them.

A rule in a contract that lets the parties to continue it after the expiration date.

1. income from activities that occur outside the company. 2. refer to remittance.

A process that needs raw materials from earth to be used. It relates to metal, minerals, and earth aggregates.

The money a person earns from working at a job.

Achieving the best risk-to-reward ratio for a given asset under existing circumstances. Maximum return from minimum risk result.

The amount of change in demand for a good or service when its price changes. An example is a sales increase coinciding with a drop in prices and sales decrease coinciding with

Caused by the movement of electrons in a conductor from positive and negative points. A type of energy. Used for providing power to buildings, electric devices, and even some automobiles. Several people