Category: E

A fixed income security, such as a bond, uses the rise and fall of another specific common stock to determine interest owed on the first security.

Total value of a company after subtracting out liabilities and debt.

A statement that a reinsurer’s liability is not nullified due to textual errors or omissions.

Projected collection of monies from sales based on some previous experience. Usually time-bound for an accounting period. Can include interest yield.

Investing in stocks of company’s considered to by ethical. An investment philosophy. Usually done through mutual funds or unit trusts.

European issued junk bonds. The Virgin Group is an example of an issuer.

Expiration-date execution is the defining characteristic of this type of option. Contrast to an American option; execution can occur any time before and on expiration date. The average price of the underlying

Automatically renewed, rollover agreement every maturity period. Continues unless any involved party cancels the agreement.

A share of COMMON STOCK that lacks DIVIDEND rights and voting rights and is only entitled to possible capital appreciation.

A broker licensed to work with insurance companies not licensed in the broker’s state.

Swapping assets that are very much alike, like land in one state for very similar land in another state. Both instruments in the swap have similar significant value.

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 .

The right to terminate. Triggered by documented conditions. Usually a documented event based on specific criteria. An example is the termination of a project before completion because technology being used has become

Citizen of country A living in country B. Classification of this citizen occurs regardless if the citizen has a short stay or an extended or lifetime stay in country B.

Decision theory rule: chose the event with the greatest expected value (EV).

An action to recover money spent by an employee or over-paid on a bill or claim. It is undertaken by a company to recover money from another company or employee. Recognition often

The way the end date is noted on a contract. It is used to remind the agent of policies that need renewal.

Increasing number or size at a constant rate. It is a possible result of the reinforcing feedback loop. It causes population or system growth.