Category: Finance Dictionary

Settlement up to a certain limit of claims is what a creditor can accept.

Manufacturers product guarantee as a written statement that sets conditions and time limit that the product will work as stated. such warranties are typically limited to repair or replacement of the item

In Insurance, this is a schedule listing liability limits an insurer can write for different risks. It is a guide to determine the limit of liability ceding insurance companies will undertake on

Tasks, functions, departments, and organizations integrated to achieve shared objective are related to each other, having interactions that promote the flow of information and ideas.

1. Posting a accepted security on a stock exchange for trading. 2. Certification of an appliance, equipment, or supplies as complying with specific safety and/or other requirements by an independent standards or

Revocable trust as an estate planning device, built on property transfer or gift to one or more beneficiaries from its living trustor. It is not a way to stave off creditors from

Two commercially and industry known major LAN standards are Ethernet and Token Ring. data communication system user-owned. user-operated. Either a short-distance cable and/or wireless-based device connection. Interconnects one or more servers with

Record of activities, events, and/or occurrences, systematically, daily or hourly.

The bidding half of an exchange in the london interloan bank.

A downward stock price trend accelerated by attempted long position liquidations by investors, hoping to minimize their losses. Also refer to short squeeze.

in a specific period of time, produced and tracked across the national economy, this is the total amount of goods and services .

Compared to other risks in the same classification, this amount intends to offset greater-than-average losses most smaller risks have.

Retrospective rating formulas component. Calculating the final premium with a designed catastrophic losses limit versus full hit reporting.

Insurer’s estimated time-bound total unpaid claim liability as held money. Includes unreported claim events, committed unpaid rulings, and payouts committed yet not due.

Foods less of a source of food poisoning, containing (1) high acid content of pH 4.5 or lower, or (2) low water content. Low risk foods usually have a ‘best before’ date

Single value bid. Expected to cover all cost for the project involved. Includes equipment, labor, material, overheads, and services, as well as the contractor’s fee or bonus for completing the items of