INDEMNITY COMPANY
An insurer that underwrites property and casualty policies.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
An insurer that underwrites property and casualty policies.
A bond that guarantees a return based on inflation. The coupon is the fixed rate and the principal adjusts according to the changing inflation rates. Refer to the terms ajustabonos and treasury
A security where the price goes down when the interest rates do.
A contract that repays the insurer losses back to them. Also called indemnity, or valued contract.
Security paid to protect a clearinghouse and to support loans. Refer to clearing, variation, and maintenance margin.
When executives sit on eachothers boards. They are considered independant. Refer to filz and interlocking directorate.
An event that suspends coupon interest and principal when losses meet the agreed upon amount. This is also called an index or parametric trigger.
The first public offering of a companies stock in the market. A retail client will buy the stock and sell it to their customers. Refer to addon and rights issues.
When two assets prices are averaged together to make the basic price more stable.
When index futures are rich buyers keep stocks and sell the futures. When the futures are cheap they sell stock and buy the futures.
A director of the board who is somehow related to the company they oversee. They are not independant voters as they have personal connections. Refer to outside director.
The interest rate for a project assuming it will break even.
A future contract exchanged in reference to a specific index sector, benchmark equity index, or equity basket. This is also called a commodity, currency, or interest rate future.
An offer between dealers that exclude brokers.
A credit risk method introduced in 2004. It allows the bank to use its own method.
An over the counter swap with floating interest. The principal is notational. This type of exhange is also called index amoritizing rate, accreting, amoritizing, reverse index principle, or a variable principle swap
A corporation controlled by a family. Refer to outsider system.
Accounting rules accepted by all countries. Also called generally accepted accounting principles.
An event that suspends coupon interest and principal when losses meet an agreed upon amount. Also called an indemnity or parametric trigger.
Where private information is used to create more profit. Sometimes this is considered a crime and punished. Refer to gun jumping.