MONETARY
That which relates to money. The mechanisms supplying it, circulating it, and running an economy. Contrast to that which relates to public revenues like taxation and public spending, debt, and finance, These
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
That which relates to money. The mechanisms supplying it, circulating it, and running an economy. Contrast to that which relates to public revenues like taxation and public spending, debt, and finance, These
A single molecule used in a material or substance. It gets combined with other monomers to become a polymer.
All actions are moral and ethical if they do not coerce and do not interfere with others’ rights is this specific ethical concept.
Expected mortality minus actual mortality experienced is this specific number.
To repay the balance on a mortgage loan in case the mortgagor dies before payoff, one buys this type of decreasing-term life insurance policy.
Refer to maintenance, repair, operations items.
Marketing products by various methods and schemes while also selling the products through various distribution channels that support the other channels selling this same product. Typically the marketer reinforces the other channels
A coupon given based on the performance on multiple indexes.
To write both property and casualty insurance the same insurer is legal under this specific type of state law.
different types of management involved in this specific type of plan are typically in roles different than ones originally identified for them. This helps in vetting future upper-level management positions. Top-level management
An Islamic financial transaction. Having property or an asset to sell, the owner will rent or lease it at a fully disclosed rate of profit to an interested buyer. Just like a
Lloyd’s insurance underwriting syndicate members who provide risk capital, and share in the syndicate’s profit and loss, but do not participate in the underwriting process. In proportion to the invested amount, each
A US organization that has international membership. Its purpose is establishing and updating fire protection and prevention safeguards. NFPA publishes National Fire Codes, standards, manuals, and recommended practices in a 16-volume set.
The shortest maturity or settlement dated future or option. Just after the nearby futures contract settles, the next futures contract is the next closest futures contract that settles. The most distant futures
Overall trends being perceived to be taking place in a particular market are the point of disagreement by at least two averages or indexes.
Legal principle preventing an entity from putting forth a defense based on a mistake caused by that entity’s negligence. For example, if a negligent entity causes a negotiable instrument’s misuse, as in
Future earnings’ value in current money a business or individual saves with a refund from a bond redemption prior to its maturity and a lower-cost bond reissuing.
Debt amount per citizen a government carries as a measure. Calculate as: (short-term debt plus long term debt minus cash minus other liquid assets) divided by the population. Government’s total debt levels
After investment expense and before income taxes, an insurer’s investments average interest amount earned.
In an accounting period net operating expenses exceed operating revenue as this amount. Excluded are extraordinary gains and losses, financial expenses like interest paid, and revenue like as interest earned.