NO FAULT COMPENSATION
Without having to prove any other party was at fault in an accident, an aggrieved party is awarded compensation. Workmen’s compensation is no-fault compensation. It is a legal rule in some jurisdictions.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Without having to prove any other party was at fault in an accident, an aggrieved party is awarded compensation. Workmen’s compensation is no-fault compensation. It is a legal rule in some jurisdictions.
To complete this type of mortgage loan application, no supporting documentation is required. The interest rate common to such a loan is typically higher than full or reduced documentation loans. The borrower
When an asset can be bought or sold at a predetermined price and time in terms of cash.
An irregular size lot of goods sold in retail stores that does not fit the standard lot size.
When a buyer can be paid off on their best or worse selling assets.
When an ownership has no controlling interest.
When a debtor and creditor meet to avoid default.
Stocks sold at less than one dollar. They are sold by companies in financial trouble, new companies, and ones removed from a larger market. The sales are recorded on a pink sheet.
A takeover prevention strategy that makes stock look bad to the interested buyer. Refer to chewable, flipin, and flipover pill.
A percent of new issue held by the manager to offer to the institutions investors.
The time a company is preparing to file for bankruptcy. Directors try to preserve value as the creditors will paid first.
A questionable practice of downplaying negative business traits and overemphasizing the positive ones.
A contract allowing the buyer to sell an asset back at strike price. This occurs at or before the maturity date. They are written based on a broad range of commodity and
A note that gives an investor better coupon rates than a RFN. If the interest rates fall short of an agreed to range the interest is lost for a period of time
In the US the registration of a new issue filed by a company to the securities and exchange commission.There are not details in this report and it must be updated often as
A sum of retained or restricted surplus placed in an account that can only be used to pay in the event that the investor has arrears from a breach of covenant or
A trade between two parties of a fixed interest rate with a floating interest rate where there is an increase in the notional principal as the result of an increase in the
A firms ability to identify their financial resources, expertise, and operating mandate to determine how much risk they are able to take.
The basic concept of the payment of a premium by someone who is unable to withstand a loss to a firm who agrees according to the terms of the policy to cover
An unexpected offer of tender to suddenly takeover a company rapidly. Refer to dawn raid and premium raid.