OWNER OCCUPANT
A property owner who resides within his or her own property.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A property owner who resides within his or her own property.
A price quote on the value of a futures contract that has not been bid on for a long duration. Also referred to as nominal price, nominal quotation or subject quote
Tickets that can be claimed for travel only on the carrier that it is issued for.
A policy with a set premium amount such that extra premiums cannot be added
The instrument usedby brokers at the start of a business transaction to ensure (1) that they are not bypassed and (2) the non disclosure of the negotiation information to third parties.
The cause of the degradation with respect to the quality of performance and operational capacity, the impact of which is tolerable for a small period of time without major losses.
1. General: A set of standard rule is applied upon careful evaluation of fairness and equality using this method. 2. Interstate Commerce: Ensuring that all countries are charged equally and justly through
A pension plan that is under the sole ownership of the insured and cannot be lost.
An asset whose monetary value is variable and depends on economic conditions.
A loan or lease where (1) payment from the lessee is not received on time, (2) payments have stopped, (3) Maturity date has passed and the agreement is still unfulfilled. In these
In the event that a borrower defaults, this type of loan limits the lender’s power to take possession of the borrower’s property.
Transaction specific cost elements that increase the cost estimates on a casebycase basis.
A price that reflects the lowest possible average of the total cost of production with normal profit taken into consideration. It is the equilibrium price that is determined by the interaction of
A statement on a bill of exchange which prohibits it from being transferred or traded. The statement reads ‘not negotiable’, except in the case of check where it can be made non
A notice issued to concerning parties by the contractee stating that all the work concerning the project has finished. In addition, the period within which the concerned parties can exerciset their lien
An agreement in Australia which allows businesses to lease transportation for its employees. However, a portion of the employee’s wage is deducted to cover the leasing costs. The company is liable for
An exchange for the trading of futures and options that are related to energy, palladium, etc. It is a subdivision of the New York Mercantile Exchange.
The amount at which transactions such as order placements, buying and selling of goods take place.
Used primarily in the telecom industry, it is a substitute name for a 8bitbyte.
A statement that is intended to be a part of the proceedings such as a court case.