Category: Finance

The handbook or manual that contains all of the rates for coverage. This manual may contain other items including the guidelines to field underwriting, agent guidelines, and cash forfeiture values.

This important technique of financial analysis where quantities are converted into ratios for meaningful comparisons, with past ratios and ratios of other firms. Ratio analysis determines trends, strengths or weaknesses.

Chemical alteration that often goes together with a release of energy and occurs naturally over time. It is purposefully generated in a laboratory, or created as part of an industrial process.

A real estate broker has met the education requirements and qualifies for their own business. They may hire other agents from whom they will earn a commission from sales volumes.

1. Recognition that it is not possible to declare with absolute certainty that an event will or will not happen. 2. Qualification that while a standard conforms to limits it is not

A certificate that is comparable to a lien and distributed by a receiver to cover assets in the event of liquidation. Payments come first, before any other claims can be paid.

This term refers to an arrangement between two parties that allows the roles of buyer and seller to be interchangeable. Each sells to the other and buys from each other.

The act of entering documents affecting interests in real estate in the recorder’s office established in each county. Until it is recorded, a deed or mortgage ordinarily is not effective against subsequent

Payment received for work ,once completed on a reoccurring basis. This type of income stream allows for a person to continue receiving payments for the same work on a constant basis.

Fundamental principle of most modern economies whereby a nation’s wealth is channeled, from those who have more to those below a certain income level, through taxes that pay for welfare.

Also called working copy or convenience copy. This is a duplicate copy of an official record but not the record copy created for ease of access and use.

This term refers to the intentional acceleration of economic activity by a government, usually by using inflationary and public spending measures, to reverse deflationary trends.

This is an office that is located in a geographic location of the area where business is handled. Also known as a branch office.

A particular type of connection existing between people related to or having dealings with each other.

1. The ability of a machine or appratus to perform a specific task. 2. The process of converting raw materials, components, or parts into finished goods that meet a customer’s expectations or

the act of removing or state of being removed

An amount of money set aside because building components or equipment will wear out in a relatively short time and need to be replaced.Replacement reserves can be a mere accounting entry as

The time between inventory replenishments.

The payment that continues to be received after the services or goods have been provided. An example would be music on a movie sound track that was previously released.