UNREALIZED PROFIT/LOSS
Paper profit or loss not becoming actual until the asset is sold, disposed of or redeemed. Also known as unrealized gain/loss.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Paper profit or loss not becoming actual until the asset is sold, disposed of or redeemed. Also known as unrealized gain/loss.
An interview without any set format or formula for questions asked. Also known as a non-directive interview.
Potential of gain from ideal, transaction or situation. Opposite of downside.
Increase of population in cities versus the rural areas.
Ethical philosophy where happiness of most people is thought to be the greater good.
use by an adjuster to determine loss occurrence and putting a monetary value to a claim.
Method of pricing based on a goods perceived worth.
Maximum price to pay for knowing an uncertainty’s value before a course of action is decided.
Electromechanical or mechanical device that controls the flow of liquid, gas, slurry, dry loose material. 3 maintypes.1. Isolation, 2. Switching, 3, Control.
A safe and secure area in financial institutions for storing money and valuables.
Scheme of numbering differentiating between them.
Oil tanker that carries up to 250,000 DWT.
Disadvantageous situation that is self propagating and leads from one thing to another and back again. See virtuoso circle.
1. A parasitic and infectious microorganism smaller than a bacterium. Incapable of independent metabolic activity. Needs to invade a living organism to derive energy to survive. 2. See computer virus.
Provision, clause or term impairing a contract or making it void or voidable.
Metric unit of electrical potential. Equal to the steady flow of one amp current against one ohm of resistance
Marine policy of insurance covering one trip and only the cargo on the trip.
Covering a room’s floor or stretching across the room.
Referring to an IRS regulation governing how capital loss from investments is recognized. Also called wash rule.
Shipping document travelling with shipment showing consigner and consignee, origin, destination, goods involved, weight and freight.