Category: Finance Dictionary

Code assigned by IATA and commonly used to identify a carrier. As the same code may have been assigned to different carriers over time, the code is not always unique.

A CORPORATE FINANCE transaction where a company segregates a portion of its business, places it in a separate corporate entity, and sells it to a third party or floats it through an

An accountancy reporting method that recognizes cash inflows or outflows when actually expended or received.

Refers to the period of time, often given days, in between the purchasing of the raw materials and the receipt of payment from accounts receivable which was generated from the final sale

In INSURANCE, a pricing strategy where the PREMIUM charged is less than the EXPECTED LOSS LEVEL. The intent is to generate a large amount of premiums through the underpricing and use proceeds

A bond that requires cash to be paid as well as an exchange of common stock, typically at the investor’s option to exchange the bond at particular times over the bond’s life,

A BINARY OPTION that grants the buyer a payoff equal to a fixed cash amount if the price of the UNDERLYNG market reference breaches the STRKE PRICE at expry See also ALLORNOTHING

Events whose consequences are extremely harsh in their severity, relating to one or more losses such as bankruptcy, total loss of assets, or loss of life.

Statistically, it is a horizontal line generated to represent the estimated long-term mean of a process in a control chart.

A slang term for CEOs being removed from their positions and replaced with someone new in a quick turnaround fashion in their organizations.

When certifying that the release of a lien on the borrower’s property because payment satisfaction of all due obligations, this formal document is issued by the lender.

Forces in a balance for driving or impeding change in a community, organization, or society.

Mathematical bases of a system where irregular and erratic fluctuations in economic cycles, financial markets, weather, other complex phenomenon, or nonlinear systems with many variables are due to sensitivity to initial changes

Available money allocated to one’s checking account, in a bank or financial institution, allowing the account owner to write a check or draft against that available amount in the account. These accounts

Organization for emergency response that provides chemical hazard related information on 24-hour basis. It was established by the collective US chemical manufacturers association.

Most senior executive responsible for the development, implementation, and operation of a firm’s information technology (IT) policy. The CIO oversees all of the firm’s information systems (IS) infrastructure within the organization, and

Chromium plating, leather tanning, wood treatment waste stream. Though water soluble, chromates are extremely irritant, and highly toxic, causing liver and kidney damage, and possibly cancer from prolonged exposure.

1. In General, this is a point in a circuit that has a device that can interrupt and shut down the circuit under specific conditions, such as too much flow, heat, fire.

A rating typically based on superior quality and/or location. In rental management, it is given to properties that generate a maximum rent-per-square-foot.

A specific part of formal logic. It is characterized by (1) the non-contradiction of variables and the elimination of double-negative variables, (2) the acknowledging of multiple paths to the same answer, (3)