Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: I

INTERPOSITIONING

The act of adding a middle man simply to boost commissions. Refer to affirmative and negative obligation.

INCUBATOR

A firm offering a start up seed as venture capital. Also called accelerator

INELASTIC

The proportionate change between variables. Also called elastic or elasticity.

INTEREST COVERAGE

The way a company sees how it can manage its debt. This is also referred to as debt service coverage.

IN-THE-MONEY

When an underlying asset is worth more. Refer to atthemoney, moneyness, or out of the money.

INCURRED LOSS

A loss that occured already that hasnt yet been paid. Also see ratio.

INFLATION

When currency loses its value due to constantly raising prices.

INTEREST RATE

The cost of borrowing funds or the capital earned on loaned funds.

INTRODUCING BROKER

A broker who helps their client with their strategy. They cannot hold funds to they use the FCM.

I E

An abbreviation for “id est,” that is; that is to say.

IDIOTA

In the civil law. An unlearned, illiterate, or simple person. Calvin. A privateman; one not in office. In common law. An idiot or fool.

ILLEGITIMACY

The condition before the law, or the social status, of a bastard; thestate or condition of one whose parents were not intermarried at the time of his birth.Miller v. Miller, 18 Hun

IMBEZZLE

An occasional or obsolete form of “embezzle,” (q. v.)

IMPAIR

To weaken, diminish, or relax, or otherwise affect in an injurious manner.Davey v. /Etna L. Ins. Co. (C. C.) 20 Fed. 4S2; State v. Carew, 13 Rich. Law (S. C.) 541.91 Am.

IMPERATOR

Emperor. The title of the Roman emperors, and also of the Kings ofEngland before the Norman conquest. Cod. 1, 14, 12; 1 Bl. Comm. 242. See EMPEROR.

IMPLICATA

A term used in mercantile law, derived from the Italian. In order toavoid the risk of making fruitless voyages, merchants have been in the habit of receivingsmall adventures, on freight, at so

IMPUBES

Lat. In the civil law. A minor under the age of puberty; a male underfourteen years of age; a female under twelve. Calvin; Mackeld. Rom. Law,

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