MORALE HAZARD
Circumstance increasing loss-occurrence probability or abnormal loss due to an insurance policy applicant’s indifferent attitude after policy issuance. The insured being careless in locking the doors and windows when leaving home is
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Circumstance increasing loss-occurrence probability or abnormal loss due to an insurance policy applicant’s indifferent attitude after policy issuance. The insured being careless in locking the doors and windows when leaving home is
Usually included as an attachment as a part of an insurance policy, this type of provision makes an insurance claim payable to both a policy holder, as the mortgagor, as well as
1. In Investing, this is a CFA Institute recognized method, a valid corporation-value analysis method, using both public and non-public data and using both material and non-material sources. Based on information gathered,
This represents the treasury stocks market-listed for a 12-month period. Prior year figures and current market values are the basis to the amounts.
To contribute freely, and achieve individual potentials for one’s own and their organization’s benefit, this type of organization welcomes employees of varied backgrounds, cultures, ethnicities, and experiences.
Established in 1988 as a World Bank Group division, it was to encourage private foreign investors to direct investment in developing countries. Non-commercial risks mitigation insurance and investment guarantees is what MIGA
More than one location owned by one person is covered by this specific type of property policy.
When multiple risks are combined into one on an insurance policy.
Each partner’s right in a partnership to act as an agent in normal partnership business operations. Each has responsibility for their partners’ business related actions. Personal actions are excluded.
France’s Law. Rather than legal theories and principles, it is based largely on common sense rules. Five major codes comprise it: (1) Civil code, (2) Civil procedure Code, (3) Penal code, (4)
Non-discriminatory trade policy commitment. Infers that a government cannot treat foreign exporting firms any less favorably that its own local manufacturing firms. This was GATT, now WTO rules.
During one-on-one discussions a customer’s current and anticipated future needs are determined and verified to prepare this specific type of report. The report focuses on understanding customer requirements. From there, one can
When large price shifts cause increased risk.
A deposit of $100,000 or more issued by a bank that can be traded on a secondary market.
Policy face value minus accumulated policy reserve as an amount.
A location that is often a specific country or territory whose exported goods value exceeds goods imported value during a specific time range. When the exported goods’ total value exceeds imports’ total
1. In Accounting, in a given period, this is the amount invested as a capital expenditure minus allowance for capital depreciation. 2. In Economics, this the change in total capital stock in
in a balance sheet account, an employee’s wages owed is this specific amount.
Building’s actual square-unit ready for lease or rent to tenants. This is the area used to compute expected lease or rental payments. Common areas, elevator shafts, stairways, and space devoted to cooling,
After deducting all costs, what remains is this specific gross yield portion.