Category: E

(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

Online process of moving any funds from any one account to any other account. It can take various forms, including a retail purchase by credit or debit card, or bill paying automatically

Participants required to own or be able to commit to a sufficient regulated status and have available a specific amount of assets. Participant can be either an individual or a group. Participants

In typography, indicates one or more missing words, as in a shortened quotation. Consists of three dots (…). Known also as elision marks.

Tackles issues involving future accounting practices. This association acts under the provisions of FASB.

UK term for an individual whose compensation and benefits are taxable, and who is works regularly, full-time or part-time.

Confirming a person’s employment eligibility. Involves checking past work history of current or potential employees. Insuring details provided by the employee match the information found. Occurs typically prior to hiring or promoting

The method used to encrypt and decrypt communications or data files. This can occur on paper or electronically. The method is typically a mathematical formula or Key. Both the sender, the encryptor,