UNEARNED PREMIUM RESERVE
A reserve held out of premium. This is the amount needed to cover losses before maturation.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A reserve held out of premium. This is the amount needed to cover losses before maturation.
Insurance that pays out an agreed upon amount if loss should occur. Commonly life insurance. Refer to indemnity contract.
A holder of a derivative contract that plans to close out before maturity. Retail investors are commonly weak hands. Refer to strong hands.
The shortterm operating resources of a company. Refer to loan, gross working and net working capital.
An offer given to a dealer that is uncertain. It is used as a guideline for future business offers.
When a company estimates failure rate to predict default. Structural or markto market models are ways to do this.
A group that represents over the counter derivatives marketplace internationally.
A double entry bookkeeping system of financial data pertaining to a specific transaction, in a journal usually taken from a journal voucher. Needed transaction data: (1) date done; (2) debit amount and
Direct marketing or direct mail that is unsolicited. For introducing new products, books and magazines, investment opportunities, merchandise catalogs. It is a very big business in industrialized countries, specifically the US, UK,
Fineness, as a measure of the purity, of gold. It also indicate gold proportion in an alloy. UK spelling of both carat and karat is carat. Germany spelling is karat. 24 karats
Organization’s and Labor market’s common jobs used to determine general pay scales. Clerks, drivers, janitors, and secretaries are examples of common jobs.
Because the economy is in recession, employers have low demands for their goods and services, situation exists where low wage-rates should drive to higher employment levels, but do not.
Upright, retail outlet display or entry-port in a large retail establishment or a shopping mall to assist customers.
Building of an organization’s intellectual assets by strategies and processes. Driving to identify, capture, structure, value, leverage, and share, enhancing results and market share. Two critical activities are its basis: (1) retain
Organized, arranged, steady income-producing investment portfolio. Bonds with different maturities spread the investment amount to hedge and minimize interest rate fluctuation impacts. Equal amounts of money buys bonds due to mature in
Condition of acreage having no direct access to the sea, being totally surrounded by other unique land areas. An example is Switzerland.
Previous tender identical or similar items’ agreed-to prices.
side-by-side hanging-file filing cabinet, displaying all file tags/labels at once. A lateral file cabinet is wide instead of deep. Contrast vertical shelf file.
Economic concept that optimization brings an increase in returns from a manufacturing operation. A change in the proportion of production factors can push toward the optimum or away from it. An example
Collecting names and contact information about qualified sales prospects as a process. Intent is to contact these leads by the salespeople seeking sales orders. Direct response advertising and telemarketing are the biggest