DISAPPEARING DEDUCTIBLE
A DEDUCTIBLE on an INSURANCE contract that the INSURED is not obligated to cover if losses exceed a particular threshold. If the threshold is breached the INSURER pays the insured a CLAIM
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A DEDUCTIBLE on an INSURANCE contract that the INSURED is not obligated to cover if losses exceed a particular threshold. If the threshold is breached the INSURER pays the insured a CLAIM
Borrowing at multiple levels within the corporate structure, such as the holding company and a primary operating subsidiary. Double leverage is generally considered to be a more accurate reflection of a group
A market that only features two buyers of goods or services, suggesting the buyers have an ability to influence the prices paid to suppliers. See also DUOPOLY, MONOPSONY, OLIGOPSONY.
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,
The concept that economic growth depends on government-negotiated, but non-international trade policies, industry access to capital and human resources, and effectiveness of internal processes. Popularized in the 1980s, this theory allegedly explains
Category of energy consuming appliances and equipment. Overall energy efficiency rating (1) within the top 25 percent ratings, or (2) 10 percent better than a minimum standard are the basis for selection
Requested or provided change that increase the value of an item or improves overall capability or available functionality.
A multiple (factor applied to value) that depicts a company as a potential acquired would. This multiple is applied to calculate the value of the involved company. It factors in the debt
Entrepreneurship expenses exceeded by income received.