SPINNING
Illegally enticing business from favored clients using allocations to establish a quid pro quo arrangement.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Illegally enticing business from favored clients using allocations to establish a quid pro quo arrangement.
A bank is protected if a customer defaults on a transaction by a standby letter of credit giving the bank the authority to pay the beneficiary and go after the customer to
When a plaintiff makes a motion to prove harm has occurred without having to show how or why to collect damages.
A receiver payer swap where the buyer can enter a swap at a predetermined rate in the future.
When a company offers to buy another to improve profits, clients access, and assets. It can be friendly or hostile. Refer to bid.
A transaction that increases risk and produces loss.
A mortgage that trades as a when issued security. Its presence is announced but the price is not decided yet.
When a companies captives can access reinsurance markets. A small percentage of exposure is insured through reinsurance.
It means outside ones jurisdiction. It is any financial action that is not covered legally under a companies laws. A third party can sue if this is mismanaged.
An auditor who is not part of the company who verifies the honesty of the financial records given.
When a directors duties are given to creditors before insolvency occurs. This protects assets in the failing business.
When security price falls causing a stop loss order. The price will rebound. Or a raise in price that trigger purchases lowering stock price.
an early mortality table which showed the actual mortality experienced by those insured by major insurers between 1925 and 1934.
When an insurance company requires premiums be paid to prevent loss.
A swap of actual and fixed inflation rates. They mature in 10 or more years and are structured as annual inflation or a zero coupon inflation swap. Also called a consumer price
The exchange rate of currency as applied to insurance rates.
A note that allows investors coupon interest rates.
The process used to describe asset price fluctuation.
A reason that is legally acceptable or sufficient. A request’s just cause is essential to get certain court action. Also known as good cause.
A group of companies who have a shared interest but are not organized into a central company. Refer to Chaebol.