NO CONTEST CLAUSE
To prevent a contracting party or beneficiary from challenging a contract’s terms this specific provision becomes a contract or testament add-in.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
To prevent a contracting party or beneficiary from challenging a contract’s terms this specific provision becomes a contract or testament add-in.
Services provided to an employee at no charge if the company incurs no additional cost during its course of business. Discounts for transportation, hotel rooms, telephone services, or recreation are some service
A member of a clearinghouse that is must first put their trades through a trading member.
Supplier will give no award or order below this type of minimum acceptable price.
When another company purchases a block of stock from another firm.
The size of the discount at the time of the bonds issuing.
Stock shared by two companies on one certificate.
A security that pays out in other securities not cash. This occurs when a company is short on cash but has plenty of securites. Refer to reset in kind payment bonds.
The flow a deal makes through clients, banks, and firms. It shows how strong the financial sector is. AKA calendar and visible supply. Refer to shadow supply.
When an asset has higher gains than losses. An example of these are long options and bonds. Refer to negative convexity, nonlinear instrument, and positive gamma.
A swap where the receiver getting a fixed interest rates offers a payment to get increased fixed interest rates. Refer to discount swap.
Evidence proving loss that must be submitted to the insurer. It proves the claim is valid.
An option where the buyer can sell underlying put option back to the seller. Refer to call on a call, put on a call, and call on a put.
When dealers give prices to traders who sell them. The price takes into consideration the supply and demand on the market. Refer to dealer and orderdriven market.
When insured parties group together to protect one another. New members are sought to prevent loss. AKA recriprocal insurance exchange.
The chance that an asset will be reinvested at a less than favorable rate. This can cause great loss. AKA refinancing risk or reinvestment risk. Refer to negative gap, positive gap, ratesensitive
A formula used to determine profit made by an investment or to compare several investments to determine which ones generate the most capital.
Giving existing shareholders an opportunity to purchase new stock at current prices with the remaining available stock being sold in the open market at the future rate. AKA privileged subscription issue and
The process of estimating the impact of financial and operating risks on a firm using formulas, statistics, and actuarial techniques. Refer to risk identification and risk management.
When a repurchase agreement, revolving credit facility, evergreen deposit, commercial paper, account payable, or not is renewed or reissued as it comes due providing continued funding for the debtor.