Category: E

Reason stated for not processing a check payment. Typical reasons are a stop-payment, missing signature, difference between the numeric value and written value of the check, a date in the future.

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

Method of maintaining equilibrium in an exchange rate. Member countries of an economic community maintain exchange rate parity among their competing currencies. Fluctuation up to some agreed-to limit is allowed between specific

Restricting a particular line of goods or services to a particular market or area for promotional purposes. Typically done by a single manufacturer to specific retailers or marketers/ merchandisers.

The point in time after which the share buyer has no rights to dividends in this cycle. Prior and on this date dividend rights exist. This date is typically set as two

Directive action from a prime minister or president to its executive governmental agencies in an official document .

Price of an option allowing call or put. The buyer must pay this price to the option writer in a call option. The writer of the option must pay this price to

Synonymous to scaling. Computer system characteristic that is the ability to increase capability while retaining or increasing response time and throughput performance. Such a system can accommodate additions to its capacity and

Total of the weighted payoffs as predicted outcomes related to one decision. The weightings relate to the likelihood, expressed as probabilities, of varied events generating the possible payoff. Mathematically, this is the

1. Using known paid expenses for goods and services to determine one’s budget. 2. Using known paid expenses for goods and services to generate a financial plan.

(1) An account established for future debits and credits related to a FINITE INSURANCE contract. (2) The specific history of loss experience an INSURER has with a given INSURED, which is often

Influence due to expertise. It changes behaviors in individuals or an organization based on past knowledge in an area.

An expense that is both contractual and definite. It can be rent or wages for example. They are recognized for recording.

The concentration levels of a flammable vapors in a comustible material where an explosion will happen if it ignites. It cannot happen witt low or too high concentration.

When the government offers help to exporters for service subsidy, cash rebate, or a cash drawback. It promotes fair competition.

A contract with terms spelled out in writing. See, e.g., How Does a Cell Phone Contract Work?

Extending coverage on a standard warranty. The time a producer is liable pays is extended. This is offered at the end of a warranty.

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.

A court order done by appellate court to remedy a situation in the lower courts.