LOSS MANAGEMENT
Identifying and preventing events causing potential value losses to revenue, assets, or services as a company’s active business practice. To limit the chances of loss, the company’s operating policies or business model
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Identifying and preventing events causing potential value losses to revenue, assets, or services as a company’s active business practice. To limit the chances of loss, the company’s operating policies or business model
1. In Insurance this is the total of money lost. It is by policy payout, often stated by period. 2. In General business, this occurs whenever overhead expenses exceeds income.
Using the lowest average account total to calculate interest amount.
One-time, single large payment. No smaller payments; no intervals.
Machine controlled time’s measurable subdivision.
Specifically produced or prepared as the customer requested. Most fast-food purchases, burgers or sandwiches, are made to order. Cooked food, warm items, un-assembled final product awaits the customer’s actual order. Any special
a type of construction bond that guarantees against defective materials or craftsmanship. This bond is good for a specified amount of time after the finished work has been accepted.
Over the counter trading of a particular security by a dealer able, ready, and willing to buy and/or sell.
Unauthorized, destructive action designed from surreptitious invasion of a computer system by this type of software code. Refer to virus.
Financial methods assessed, judging affect on the business, internally and externally. Mainly a mixture between basic corporate financing and managerial. Involves changes to prevent loss. Considers how to improve financial methods to
Details over time or for a project the different skills required. Also, details how to get them and when to get them. Personnel resource estimating or projecting.
coverage or conditions not included in a standard policy are specifically written into this policy. To comply with state laws, a larger brokerage for a larger account will prepare this type of
The last additional capital unit’s annual percentage return. the investment becomes viable at this represented market interest rate. Also known as marginal productivity of capital.
Usable, yet barely profitable, parcel of land or some other concrete entity. When a property fails to return a tangible profit, yet is efficiently used and is a key production process asset,
Vehicle type that minimizes Federal estate taxes, giving the surviving spouse unlimited family assets access.
the demand for or the price of a good or service affected by some external variable.
Instead of organizational demands, market conditions drive this type of organization’s conduct and operations. Donor requirements drive a charity to develop funding allocations, as an example.
Steels that contain very little nickel or other alloying metal, yet a high amount of chromium. Heat treatment of these steels hardens them and makes them stronger but also more brittle. they
The processes, people, strategies, and technologies used to build and manage a complete master data system that gives a business its process. MDM solutions give full views of customers, vendors, equipment, materials,
A portfolio with close or exact same maturity dates.