FRONTING INSURER
An INSURER that is interposed between a CEDING INSURER or CAPTIVE, and a REINSURER. Use of a fronting insurer allows the insurer or captive to access the professional reinsurance market directly and
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An INSURER that is interposed between a CEDING INSURER or CAPTIVE, and a REINSURER. Use of a fronting insurer allows the insurer or captive to access the professional reinsurance market directly and
Travel cost at normal one-way price, with no discounts.
Responsibility for all maintenance and service charges for auto or equipment repair belongs to the lease lessor.
A regular paying job for a person working 35 to 40 hours each week, every week. Refer to salaried work.
Evaluation of the detail workings of a function and its potential or actual results. A problem-solving method. Functional decomposition down to code occurs to reach the level needed to solve identified issues.
Authorized third-party oversight required by government. Typically, financial services companies receive this oversight. Intent is proven compliance by managed operations to prudent and fair-mannered processes.
Quality control experiment. Traditionally, it is hitting a mark on a smooth, flat surface below a funnel guiding marbles dropped. Demonstrates the need to remove variation from a process or a system.
Trading center exclusively for trading futures contracts and commodity / financial instrument options. This entity has set rules and regulations. Establishes a market for buyers and sellers. Chicago Board Of Trade, Chicago
Value increase posted on the company’s balance sheet, reflected in the company’s financials. Caused by the profitable sale of an asset, a valued instrument.
The process of deliberately mismatching ASSETS and LIABILITIES in order to take advantage of an anticipated change in INTEREST RATES. Although gapping has the potential of generating greater returns, it can also
1. In General, this is an access point to an agency, a system, or specific information. Typically is another agency or mechanism that provides access. 2. In Computer networks, this is a
1. Has several principals as business or professional clients. 2. Authorized to act in a client’s or principal’s behalf in specific or all business dealings, like banking or legal. Also refer to
One prime contractor requirements on accountability for the entire project are set in the construction contract. Delivery and payment terms, breach-of-contract and prescribed remedies are examples of some of the requirements covering
Specific cost area, job, or task tracked in this ledger account holding unassociated labor and nonlabor expense records.
One of four different types of benchmarking. In unrelated industries comparing the performance of similar organizational processes. Drives toward setting new standards by improving performance and processes used.
To reduce risk exposure to events affecting one region, this investment strategy develops a portfolio comprised of companies across different geographic regions.
A person above average in one or more talents. Usually a child. An example is any child of seven or less who is able to play an instrument at near adult level.
Highly scrutinized, most investment firms avoid this practice. Who is entitled to the commission fee on a transaction that an investment broker posts for another investment broker but takes record of full
Intertwined economic activity of various countries considered worldwide by their impact on other countries negatively or positively. Examples are the faltering European governments and their impact on the financial markets world wide.
Targeting growth for sales of products or services worldwide, an organization plans product development.