FACULTATIVE OBLIGATORY TREATY
A hybrid of FACULTATIVE REINSURANCE and TREATY REINSURANCE where the CEDING INSURER can choose to assign certain RISKS to the REINSURER, who is then required to accept them.
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A hybrid of FACULTATIVE REINSURANCE and TREATY REINSURANCE where the CEDING INSURER can choose to assign certain RISKS to the REINSURER, who is then required to accept them.
An assumption true for one segment and the whole economy.
A trust that lets a parent transfer asstes to children to prevent a spouse from getting it.
The trading floor with heavy volume investments used to match risky ones.
A party who works for another party to get a standby to favor another party. Refer to third party letter of credit.
Debt of a company to another company the government guarantees.
An iron alloy with other elements and properties. It is added to make it more corrosive resistant, stronger, and heat resistant.
Lessons that a party brings to a situation.
State laws that let insurers to have new rates without approval.
Anything declared at the end of the financial year.
Loans or other financial instruments that a third party grants. It can also be subsidies, tax allowances, cost sharing arrangements as well.
When an investigator looks at documents and financial activity to see how a crime happened or if it even did happen. Many kinds of financial statements are needed for this. Sometimes ways
The market for stock, bonds, bills of exchange, commodities, futures, and options. They are exchanges for capital or fredit. Refer to capital market and money market.
A short version of statements showing important elements only.
A party that is able to pay their own resources for food, housing, and living expenses. Two of the three categories must be included.
A product that has its final value in the manufacturing process. It is being stored is awaiting sale and delivery or use to make a product.
Software in the read only memory used rarely but is saved when it is shut off. It is short for Basic Input Output System for a PC. It is part of the
When a manager assesses an employee based on the first impression. The application and other information is ignored.
A 12 month accounting period for a firm. It is not necessarily the same as a calendar year end of December 31st.
A stipend for employees to use for transportation. They drive themselves and are compensated for gas, oil, and routinemaintenance of the vehicle. It can also cover costs like depreciation, insurance and taxes