COMMUTATION RIGHT
The right of a beneficiary to accept a lump sum instead of payments.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The right of a beneficiary to accept a lump sum instead of payments.
The legal name of a firm. It is on all the documents and payment that are made to the company. AKA corporate name.
A way of advertising that places one product as better than another by comparison. The other brand must be kept anonymous to avoid a law suit. AKA comparative advertising or competitive advertising.
When an employee is chosen based on what they can do rather than what they can’t.
Bidders from the treasury that are usually banks.
The business areas a firm can do well in based on cost and leadership.
A service that comes with a product for support.
An OVERTHECOUNTER COMPLEX OPTION that permits the buyer to choose between an underlying CALL OPTION (with a certain STRIKE PRICE and maturity) and an underlying PUT OPTION (with a different strike and
Anything made up of many parts that are needed to work as a whole but still keep their individual identity.
The probablilty of two events happening at the same time.
A fuel used by an internal combustion engine that produces minimum hydrocarbon, however a high nitrogen oxide output that is contained at a pressure between 3,000 to 3,600 pounds per square inch
Combining hard and soft ware to monitor equipment in the manufacturing process.
When an invention is tested using a prototype.
Loss that occurs when two events or more come together. One event may be covered by insurance while another isn’t.
A hotel thats a highrise with condo units in it. They are sold to parties for personal use as rental. It is a vacation hotel when its not occupied.
A statement written from a place of service. They will honor the arrangements made. A written agreement is binding but an oral one is not. A hotel or rental car uses this.
Diversifying by entering a new market with not relation to their own operations.
The relationship between individuals, machines, and global networks.
Keeping risk low with blue chip stock in a portfolio.
A nonchanging value dollar used to buy power.