AVOIDABLE COST
To avoid a variable cost by taking a specific action. A fixed cost is not avoidable.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
To avoid a variable cost by taking a specific action. A fixed cost is not avoidable.
Rooms in a hotel that have no connecting passages but are next to each other.
A bank loan that is short term given to an exporter or seller. It is paid when the buyer pays for the shipment. The bank can take their money out at that
When an insurance company covers someone who is lieing about a preexisting condition. The policy harms the company that took the application. AKA antiselection.
When an acquisition is analyzed and is deemed to be worth the resources it takes to manage it.
When an agent is chosen by accepting their unauthorized acts.
A BANK forming part of a SYNDICATE arranging a LOAN for a borrower that is responsible for protecting the interests of all other syndicate banks. The lead bank arranging the loan is
An agreement in creating a system for customs value in Tokyo.
An air pollutant that can cause damages that are permanent.
In the United States, an INSURER formed on the basis of the legal requirements of a country other than the United States. In order to qualify to write INSURANCE in the United
A policy that covers all risk except bad packaging, delay, inherent vice, or loss of market just to name a few. Risks listed in the policy are the ones that are not
Testing done in company of a model. It establishes flaws to come or deficiencies. Refer to beta test.
Advertising opportunities not in the standard list. They can be fliers, handouts, super market videos, and the phone book.
When independent agents sell insurance for a bigger company. AKA independent agency system.
A nonprofit that manages personnel education and training to improve employee skills. It was founded in the early 1900s in New York, NY. Managers get training in seminars, conferences, online courses, books,
In INSURANCE, the lesser of a POLICY CAP on a contract and the MAXIMUM PROBABLE LOSS to the INSURED. INSURERS use amount at risk to estimate potential losses within their PORTFOLIOS.
An operater that finds records if it has all the words specified in the search. Refer to not and or.
When an event or judgment is treated as if it never happened.
Computer programs that watch statements for money laundering practices. There are three types of such programs.
It stands for advance purchase excursion fare. Its plane faire with a discount because it was bought 21 days before, the departures are less than 6 weeks apart, and there are no