EXIT FEE
An expense or penalty a consumer pays to a vendor for terminating an existing agreement. Typically done to gain some advantage by engaging another vendor or supplier. An example is the switching
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
An expense or penalty a consumer pays to a vendor for terminating an existing agreement. Typically done to gain some advantage by engaging another vendor or supplier. An example is the switching
Fiscal policy intending to increase country’s money supply, building it higher than demand, then taking advantage of the increased capital to make tax cuts while increasing government spending to trigger spur economic
The weighted average utility value or satisfaction from income or wealth that is derived from a particular activity. Utility is generally used in an economic or theoretical RISK MANAGEMENT framework; precise measurement
A total of fees paid periodically to a mutual fund divided by the total investment that shareholders or unit holders has. These fees are management fees, administrative fees, and operating expenses of
Combining DBMS with expert systems software. It is used when special knowledge is needed to use it and information is shared or scattered. AKA base management system.
When a research investigates a problem. It gives details where little information is available. Many methods are used to do this.
The party that makes the export declaration document. They sell for another party in another country.
Reinsurance that requires a reinsurer pay the benefits of a disability contract after the company has done for months.
Relying on an outside party that limits freedom of choice in the operation and strategy.
A form that helps list added cost of business needing to stay open after the loss of property.
An electronic magazine. It is webpages and an online magazie. AKA electronic journal or webzine.
The losses less than $2000 that are added to discounted value of a larger loss. It compares total loss in a certain business. It is used in workers compenstation ratings.
The balance of debit without credit that is written off.
The number assigned by Dun & Bradstreet that is four digits. It identifies affiliates and subsidaries.
The date when a project is to be complete to be used for its intended purpose. The contract lists the requirements for this date.
The way an accountant makes sure that day’s business is recorded in the correct day. It is a part of operations. Refer to monthend closing and yearend closing.
A standard that is accepted but is not defined by the industry groups and their organizations.
The steady flow of business acquisitions when quantity lets you pick the best one based on your criteria.
A system agents use for policy premiums on a weekly or montly basis.
The percent of assets that are financed by debt. It is highly leveraged if the ratio is high.