NOON CLAUSE
A clause in a policy that states that coverage of the policy begins at noon. Inapplicable to policies nowadays, which are effective as of 12:01 am.
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A clause in a policy that states that coverage of the policy begins at noon. Inapplicable to policies nowadays, which are effective as of 12:01 am.
A negative attitude that is used to shoot down constructive suggestions or improvements to a situation.
A notice stating the intent to imminently cancel an agreement or policy. It can be issued by either the insurer to cancel the coverage or by the insured to request for a
Literally meaning irrespective of, the term is also used in the contractual sense. A statement in a contract that is used to highlight contractual obligations arising from multiple parts in the contract,
A type of contamination that results in the excessive growth and algae that is caused by the release of plant nutrients into the water or soil. This causes oxygen depletion to the
The balance in the budget account that is unspent, but it is reserved for a previously allocated purpose.
This number provides a good measure of the gasoline’s ignition quality. A higher octane number corresponds to a smaller chance of premature combustion when subject to combustion in a standard engine. It
The training of employees at a location other than the usual work location, through the use of simulation, lectures,etc.
The record of the transaction on the balance sheet that corresponds to the amount spent on the purchase of office supplies.
1. Also known as discharging, it refers to the process of unloading the cargo from a transportation vehicle. 2. The blissful sale of a product at the offered price
A type of limited partnership that offers minimal threat to the participating partner in the field of the discovery, extraction and purification of oil and natural gases, as the most losses that
Appointed by governments to investigate complaints from citizens against large organizations (e.g. public bodies, corporations, the media). Typically, ombudsmen have wide-ranging investigative authority, but their punitive powers tend to be limited.
An adjective that describes something known to cause tumors, or to be directly linked to the appearance of tumors.
How a corporation is perceived by Internet users. This will often be determined in blogs, public forums and web articles. Reputation management services can influence online reputation by addressing negative comments and
1. Accounting: An account with an unpaid balance or one with a positive credit balance. 2. Commerce: The credit relationship that enables the buyer to pay on a deferred payment basis.
An agreement that does not restrict the quantity of products or services a consumer can purchase during the agreement period.
Type of insurance that provides compensation for property damage caused by any hazards not specifically excluded by the policy.
A bidding system that is not private. It is opened for all qualified bidders. Bids are then chosen openly, based on price and quality.
Legal owner of oil and gas rights, including revenues produced, but also responsible for operating costs.
The cost of using a resource to acquire one thing instead of another. As all resources can be used in multiple ways, using them in one way invariably involves some opportunity cost.