DIVIDED COVER
INSURANCE contracts on the same property and PERIL purchased by the INSURED from two or more INSURERS. The total SETTLEMENT will never exceed the amount of the loss, and will be divided
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INSURANCE contracts on the same property and PERIL purchased by the INSURED from two or more INSURERS. The total SETTLEMENT will never exceed the amount of the loss, and will be divided
A FLOATING RATE NOTE or BOND that converts into a fixed COUPON obligation when a reference INTEREST RATE is breached on the downside. See also DROP LOCK.
The actual INTEREST RATE an investor earns on an investment after taking into account fees, actual price paid, and AMORTIZATION of PRINCIPAL or ACCRETION OF DISCOUNT. See also EFFECTIVE RATE.
Weekly report. Concerns US natural gas reserves stored underground. Energy Information Administration (EAI) issues the report. Used to predict natural gas price shifts.
Chosen coverage or payments as a part of insurance or employment. Choice can also be for how the benefits are applied when use of the benefit occurs. Payments can be lump sum
A process of billing and collecting from customers through the use of the Internet or any other form of electronic communication. The billing may be done directly by the firm through its
Commercial website that provides coordination and synchronization services to electronic commerce (ecommerce) its users or partners.
Retailing done electronically: purchases, including grocery and supermarket items. The execution of commerce specifically for retail.
Elevator collision insurance. This coverage is included in business liability insurance policies to covers damage to elevators. Covers personal possessions and the building that houses the elevator, as well as any other
Securities that BANKS are allowed to purchase, hold, and trade on a direct basis, including GOVERNMENT BONDS and AGENCY SECURITIES. Those ruled ineligible under standing regulations must often be traded through a
Situation requiring immediate attention and remedial action. Involves injury, loss of life, damage to the property, or catastrophic interference with the normal activities. A sudden, unexpected, or impending situation.
A lung disease that swells and destroys the lung tissue. Certain substances such as asbestos are known causes.
A pension plan, a welfare plan, a medical plan are typical parts of such a plan for employees.
The act of passing an rule or statute by a legislature.
Available inventory remaining for sale at end of the account period.
Calculated amount of energy used. Any process or system, or organization or society can by evaluated and measured.
Effective planning and efficient operations applying engineering principles as a field of industry. Exists mainly in the managing of manufacturing or industrial operations.
An 1990 international program intended to accomplish three goals: 1) engage North, Central and South America to increase inter-regional trade, 2) engage the InterAmerican Development Bank to set up, manage, and monitor
Legally, equal to a person who might owe taxes. A generic term inclusive of person, partnership, organization, or business. An entity can be legally bound. An entity is uniquely identifiable from any
Identifying risks in the external environment, then conducting an analysis.