MIST
Air or gaseous medium suspending this type of fine droplets of liquid.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Air or gaseous medium suspending this type of fine droplets of liquid.
1. Able to move. Capable of movement. 2. Cellular or mobile phone in today’s slang. 3. An arranged, balanced free-moving object. An example is a crib mobile that moves dangling toys.
Macaulay duration adjusted for compounding. Fixed-income financial instrument’s price volatility and interest rate sensitivity measure. Like an interest bearing bond, the instrument’s value-percentage change for each percentage point change in prevailing interest
The upward and downward movement of a security in the market index.
When a black print is made on white paper. Single color known as ‘black and white’ .
In common usage, moral hazard infers a conscious malicious, even illegal, motivation, versus an unconscious behavior change. Circumstance that increases the likelihood of a loss, or abnormal loss. Typically due to a
Mortality-table based cost calculated in life insurance policies. The policy’s face amount times the mortality likelihood, the chance that the policy will be paid out as a claim when the insured dies
Mortgage borrower relief option to alter mortgage contract terms. Primarily for borrowers unable to make the mortgage payments under original mortgage contract terms. Refinancing or extending loan terms to reduce the monthly
State of a house or property ready for immediate occupancy. In this condition a property must meet all city or governing municipality requirements as a habitable dwelling. Operable plumbing, electricity, locking doors
An entity that appears on multiple customer lists from buying from more than one other person or company. This applies to the insurance industry as a policy type limiting the credit risk
The achievement of the organization’s specific objectives occurs due to members with varied but complimentary experience, qualifications, and skills gathered together as this specific type of group. Also refer to multifunctional team.
A trust made by many small employers in the same industry. Purchasing lower-cost group insurance or setting up a self-funded plan are reasons for this type of trust.
An option with more than one strike price.
Municipal bond and securities dealers are regulated by the rules established by this specific type of organization.
Without adjusting or establishing causal factors, using the last period’s actuals to estimate this period’s forecast by this unremarkable technique. Used only to compare against forecasts generated by better, more sophisticated techniques.
Major US over-the-counter (OTC) electronic stockmarket owned by National Association of Securities Dealers (NASD). This market now includes American Stock Exchange (AMEX) and Philadelphia Stock Exchange (PHLX), and operates London-based NASDAQ International
Distance measuring exactly 1852 meters or 6076.11 feet. One nautical mile equals 1.15 miles or 1.85 kilometers. By a 1920 international agreement, it replaced the British Nautical mile (6080 feet) and US
Callable bonds’ principal is returned (1) before maturation in a declining interest rate environment or (2) after maturation in a rising interest rate environment. The first situation may require reinvesting the principal
Up-to-date asset value is less than up-to-date liability value.
Invoice payment terms. 10 days within the invoice date, the net amount is due on a net 10. Net 30 is within 30 days, and so on.