Category: Finance Dictionary

The negative effect that pending work puts on operations. When one element of the system is not available it holds up production.

The balance from the last billing period that is listed on the next one. It this amount is beyond a limit a fee may be charged.

How a company compares its status to another company in the same group. It prevents debt relief from being taken on by the group. This works for an established business not start

The price a company sets for goods and services. Other companies use this to set their prices.

A contract between buyer and seller. It lists the terms for the period, prices, and special instructions.

A process where UNDERWRITERS competing for an issuer

Cargo placed under the main deck of an aircraft or ship. Refer to deck cargo.

The period money or benefits are paid to the insured or their dependents.

1. a place where passengers sleep on a ship or train. 2. where a boat is moored when loading and discharging passengers or cargo.

1.stating that a certian result won’t necessarily occur. Good faith promises that it will get as close as is humanly possible. 2. A high standard that if it isn’t met is excusable.

A charge on freight that covers costs fo getting the cargo from the port to the destination.

The three main US auto manufacturers. They are General Motors, Ford, and Chrysler.

A document a carrier or agent gives a shipper to carry the goods. It can be a receipt for cargo that is to be taken to a destination.

A hybrid of the BARRIER OPTION and BINARY OPTION that grants the buyer a payoff equal to a fixed cash or ASSET amount if the price of the UNDERLYING market reference breaches

An investor who searches but does not buy a property.

The day September 16, 1992. This day Sterling lost 15% value after it withdrew from the European Union.

When an imperfection that is noticable but doesn’t impair use. Refer to defect, imperfection, and nonconformity.

The policies one insurance company writes with the same terms and forms.

The rapid sale of a new issue of securities, leaving the UNDERWRITERS with no residual RISK position after BREAKING SYNDICATE.

The standard size of the font in the body. The top of the tallest letter and the bottom of the lowest letter is used for the measurement. It is expressed in points.