NOMINAL RATE
1. Rate that does not factor in the effects of inflation 2. Rate that is charged on the gross value rather than on the net value
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
1. Rate that does not factor in the effects of inflation 2. Rate that is charged on the gross value rather than on the net value
Charitable organization that foster cultural and social unity to achieve objectives related to public service. The initial capital investment is provided by the founding members who do not expect its repayment or
The majority of policies are non assignable and as such cannot be transferred to a third party ownership
The loss of a right due to a failure to claim or pursue it within a specified legal period.
A type of stock that does not require the company to pay a dividend to the shareholder due to a failure to meet the financial benchmark. In the event of a missed
An agreement between two parties that prohibits criticism by one party on the other. Usually used in the settlement contract in an employment or dispute settlement.
A clause in an insurance that allows for a partial or complete receipt of benefit, or a partial refund in the event that the insured ceases payment of the premiums due on
The price, that is non-inclusive of the monetary, which is incurred by the customer when he/she buys the product. This includes the time spent shopping and the value assigned to the risk
A mobile source of pollution such as the exhaust from automobile and aircraft.
1. Agricultural Financing: In the event of crop fails or insufficient crops which results in the failing of the collateral, the lender cannot claim the loan amount from the borrower. Government schemes
A continuous journey between the source point and the destination.
The retirement that is taken when the pension plan is considered normally deemable.
Refers to Unclassifiable insured usually on workers compensation rating manuals or liability manuals.
When negotiations break down between the employer and the recognized trade union, this statement to the related government agencies filed by the employer acts as a notification to stop business activities and
1. Usually refers to an idea or action that is considered to be unique and unusual. 2. A comprehensive fictional story that ties elements of literature such as dialogues, characters, etc, to
The exchange of stocks and exchangetraded funds is possible through this electronic trading platform. It also offers efficient and lightning quick execution of orders and also provides direct access to the market.
A theoretical concept that includes the observer and the measuring device as a part of the entire system or in the system definition.
A pricing method that takes advantage of the psychological fact that customers are greatly influenced by certain prices or price ranges. Initially, this method was intended to enable accurate registration of transactions
items such as machinery and other goods that commercially produced, standardized and ready-made.
First compiled in 1969, this statistic is used by journalists and academic to measure aid and as an indication of the floor of international aid. The Development assistance Committee compiles the data