Category: Finance Dictionary

The document filed in a state or country the condo is in. It establishes the project and airspace by ownership.

A firm that acts as an agent in the exporter’s country for an importer. It pays the invoice eliminating credit risk.

A MERGER between companies from unrelated sectors. Conglomerate mergers, which were popular during the 1960s and 1970s, have been relatively rare since many unsuccessful deals were dismantled in the 1980s. Academic and

The SUPERVISORY BOARD of a French company that uses the DUAL BOARD SYSTEM. See also CONSEIL D

The tendency to make safe choices instead of risky ones that may lead to loss.

A loan that while it is paid off a large amount comes off the balance. Much of many payments go towards interest alone.

The price that is charged based on the information available.

1. the buyer of a good or service. 2. a user that is not using the product but reselling it. Refer to customer.

Board that is single play, corrugated, and sheetlike.

The term for the 48 states and the District of Columbia.

Elements that do not change over time from one period to the next.

A detailed description of all changes made to a contract that have been decided upon by both parties.

Deal for a work taken upon by anyone who is self employed. He or she is free to employ others to complete the job, he or she will be the only one

Verbal or scripted, implied or expressed, contract detailing terms or conditions based on which a worker agrees to perform specific duties as guided and commanded by the employer, for an accorded salary

Negation of an entire deal or its most important portion. Negation of a part of work is known as partial termination.

Responsibility taken by any party under contract, as per the conditions of the contract.

A mathematical measure that quantifies the sensitivity of an ASSET to large changes in price or YIELD. In OPTION contracts convexity (commonly termed GAMMA) measures the change in DELTA for a change

To jointly sign and endorse. A co-signer of a loan is liable for paying back the debt if the other individuals fail to do so. Co-signing is a way for someone with

A process where creditors with existing CREDIT RISK to a company that has filed a REORGANIZATION plan under BANKRUPTCY protection choose not to participate in the new plan and have their interests

A time frame of 30 to 90 days during which a company that has gone into technical DEFAULT on a contractual payment is permitted to submit payment without further prejudice, and without