UNINSURABLE RISK
Risk not covered by insurance that leads to loss. AKA prohibited risk.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Risk not covered by insurance that leads to loss. AKA prohibited risk.
A standard financial transaction. They have the greatest liquidity and smallest spread.
The process of comparing value to variable changes in the market. Part of the markov process. It is used in pricing options.
a term used to refer to a table in progress that is not yet able to be used in rating.
An individual who is affected by the company who are not direct share holder.
A temporary deposit to prevent default. Also called hot money.
An international panel that sets up accounting practices. Refer to financial accounting standards board.
New York City-based financial services firm. One of the oldest firms of this type. Its credit card business serves the most individuals while providing varied consumer services.
With someone else paying, like taxpayers, taking an extravagant business and/or pleasure trip.
The foundation of communism evolved from this revolutionary socialist thinker. He strongly opposed capitalism, believing it would destroy societies by increasing tensions and disparity between workers and owners. His theories and ideas
For encryption-decryption security, private decryption keys have no expiration, an indefinite lifetime. Secret keys, however, have terminal lifetimes that need to be defined in an organization’s security policy.
Gross margin equaling cost price or half the sale price. Said another way, any item selling at twice the wholesale cost, purchased or produced, has a keystone markup.
One item under its own part number or SKU, comprised of several other finished goods (FG), each with its own SKU. Refer to separate stock keeping unit (SKU).
Atlas of documents, files, databases, recordings of best practices or activities, or web pages as a organization’s internal or external repositories guide and inventory.
When an underwrite gives extra share when an investor agrees to buy on the secondary market. This is illegal and is called spinning.
Non-payment of rent and/or other charges gives rights to the lessor/owner to seize and sell a tenant’s assets.
A principle for making an individual liable for an accident for not avoiding the situation when a final clear opportunity presented itself.
Term coined by Maltese-born UK psychologist, Dr. Edward de Bono, in his 1970 book, ‘Lateral Thinking.’ Technique to generate Ideas and solve problems. New concepts-building looks for novel ways. Contrast logical, ‘vertical’
Biased judgment assuming that a small number of observations or data points can predict outcome from a larger sample population. Also refer to law of large numbers.
When a representative acts as leader of the board. Refer to presiding directory, residing director, and nonexecutive director.