Category: Finance Dictionary

Lloyd’s insurance underwriting syndicate members who provide risk capital, and share in the syndicate’s profit and loss, but do not participate in the underwriting process. In proportion to the invested amount, each

A US organization that has international membership. Its purpose is establishing and updating fire protection and prevention safeguards. NFPA publishes National Fire Codes, standards, manuals, and recommended practices in a 16-volume set.

The shortest maturity or settlement dated future or option. Just after the nearby futures contract settles, the next futures contract is the next closest futures contract that settles. The most distant futures

Overall trends being perceived to be taking place in a particular market are the point of disagreement by at least two averages or indexes.

Legal principle preventing an entity from putting forth a defense based on a mistake caused by that entity’s negligence. For example, if a negligent entity causes a negotiable instrument’s misuse, as in

Future earnings’ value in current money a business or individual saves with a refund from a bond redemption prior to its maturity and a lower-cost bond reissuing.

Debt amount per citizen a government carries as a measure. Calculate as: (short-term debt plus long term debt minus cash minus other liquid assets) divided by the population. Government’s total debt levels

After investment expense and before income taxes, an insurer’s investments average interest amount earned.

In an accounting period net operating expenses exceed operating revenue as this amount. Excluded are extraordinary gains and losses, financial expenses like interest paid, and revenue like as interest earned.

Calculated as: total accounts receivable minus uncollectible accounts allowance as bad debt. Also known as the book value of accounts receivable.

A good without its container and/or packaging weighed: Actual, computed, or estimated weight. Net weight equals gross weight less tare weight.

multiple physician groups contracting with an HMO model. individuals not covered by the HMO can get care from these physician groups.

Adherents to a macroeconomic theoretical model developed in the 1980s. This model evolved from a prior model espoused by British economist John Maynard Keynes. Prices and wages change more slowly with short-term

Moving from a strictly agriculture-based economy to a more industry-based, urbanized population with a developed economic infrastructure is how this type of country transitions.

An audience’s viewing depicted in this specific published survey. Media outlets base their marketing to advertising clients based on these ratings. The ratings express the viewing audience size and scope as viewers

The accused will not contest the facts on which the charge is based as a criminal case plea. It is not an admission of guilt. It is generally aimed at preventing lawsuits

Notify On Arrival. A definitive, mandated instruction to the carrier by the consignor to notify the consignee at shipment arrival.

An insurer not allowed to sell insurance in the insurers state.

Stock that cannot be converted into voting stock.