Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Market capitalization value weighted index. Covers common stock price movements as ordinary shares of some 2300 firms listed on NYSE. , All shares relate to an aggregate market capitalization value set December
A derivative’s second closest contract available.
Microorganisms in soil and water oxidize ammonium (NH4+) ions into nitrite (NO2) ion and then nitrate (NO3) ions. Plants absorb nitrate ions as essential nutrients. Oxygen helps convert or synthesize the nitrates
Named tolerance level over a human’s lifetime exposure, averaged as 70 years, in the human diet. From long-term toxicological studies, pesticide or other agricultural chemical’s impact is established. Also known as no
Shareholders can reinvest dividends they receive into more shares without any fees in this type of program offered by publicly-held companies. The company directly issues the resulting stock purchased.
A guaranteed contract with fixed returns and time period. Any returns made after the time agreed to are not given to the investor.
A market with a few buyers who control the price paid.
The convexity of an option after its adjusted to the embedded options.
Temporarily paying off all commercial debt creating extra swingline availability.
Rules limiting tax deductions and income that go untaxed. This is limited by passive source earnings.
A bond that converts its assets into negotiable securities. The assets remain on the balance sheet but are reserved for investors in the event of default.
Combining non related securites to ensure more profit. Refer to diversification, diversifiable risk, nondiversifiable risk, and portfolio theory.
The 90 days before bankruptcy. Refer to preference.
The main insurer on a policy. Refer to apportionment, divided cover, overlapping insurance, and pro rata.
A subsidiary company that writes special risk insurance for their parent company or group.
Relationships used to decide option prices that must remain to prevent arbitrage conditions. The sum price of the call option and strike price. This price must equal the sum of the put
Assets in a bank exposed to interest rate changes. Refer to asset liability management and ratesensitive liabilities.
Reactivating insurance cancelled due to nonpayment. The insurance company has the right to charge a higher premium.
An insurance policy that covers existing and incurred but not yet reported losses up to a dollar amount. Refer to loss portfolio transfer and retrospective finite policy.
When a lender gives monthly payments to a borrower using their property equity. This is usually done by elderly homeowners resulting in the borrower eventually owning the home.