Category: Finance Dictionary

Real estate value that government assessors use for taxes and court damages. This is not appraisal value.

The idea that people understand their environment based on percieved cause an effect relationships. Their own behaviors are used to determing future ones based on the cause.

A price raise that occurs after a previous mark up. Done during christmas.

Also known as an adjustor, an employee of an insurance firm who examines a specific claim to determine the cost to the firm.

Parts needed before they can be used in production plans.

A witness who gives negative evidence against the party who called them as a witness. Refer to hostile witness.

The second hand market for parts to maintain equipment. Some are very large. AKA replacement market or secondary market.

A report describing the agency costs. The cost is usually incermental. If a client is in debt the cost is very low.

A loan with many banks where one deals with the client.

Stands for Attention Interest Desire and Action. It is used to train employees. The employee must make a customer aware of the product, nurture interest shown, push the product, and encourge the

Any trip that takes both land and sea travel means.

A part of a whole numerically. This is a fraction.

An order for a good thats in its last stage and is going to be discontinued. The order must be big enough to satisfy demand.AKA life of type order.

Characters that can be letters or numbers.

A product, channel, or solution that transfers RISK exposures between the INSURANCE and REINSURANCE sectors and the CAPITAL MARKETS in order to achieve specific RISK MANAGEMENT goals. As a result of regulatory

A party that lobbies for any midsize businesses. They promote growth and create a higher standard of living for the american businesses they represent. It has executives of participating companies on the

Any US nongovernment group that manages standards for the US industry system. Academics, special interest groups, users, and vendors use this as a forum to set standards. Its a voluntary position but

The actual amount a good or service is sold for. Or a fair market value that an exchange costs. It is used for tax purposes.

A drug that causes loss of sensation. This loss can be total or partial. If overexposed side effects can occur and even death in severe cases.

1. any thing different from the norm expected. 2. any physical abnormality.