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Category: I

INDICATION OF INTEREST (IOI)

When an investor shows interest in new securities. It is nonbinding because the securities are not yet registered. Refer to the defenition of circle.

INSURABLE RISK

A risk that causes loss that can be covered by the premium paid. Refer to uninsurable risk.

INDICATIVE QUOTE

An offer given to a dealer that is uncertain. It is used as a guideline for future business offers.

INTENSITY MODEL

When a company estimates failure rate to predict default. Structural or markto market models are ways to do this.

IDIOCHIRA

Gracco-Lat. In the civil law. An instrument privately executed, asdistinguished from such as were executed before a public officer. Cod. 8, 18, 11; Calvin.

ILL

In old pleading. Bad; defective in law ; null; naught; the opposite of good or valid.

IMAGINE

In English law. In cases of treason the law makes it a crime to imaginethe death of the king. But, In order to complete the crime, this act of the mind must

IMMORAL

Contrary to good morals; Inconsistent with the rules and principles ofmorality which regard men as living in a community, and which are necessary for thepublic welfare, order, and decency.

IMPEDITOR

In old English law. A disturber in the action of quare impedit. St. Marlb.

IMPLEAD

In practice. To sue or pros ecute by due course of law. People v. Clarke, 9N. Y. 368.

IMPRESCRIPTIBLE RIGHTS

Such rights as a person may use or not, at pleasure,since they cannot be lost to him by the claims of another founded on prescription.

IMPROVIDENCE

as used in a statute excluding one found incompetent to executethe duties of an administrator by reason of improvidence, means that want of care andforesight in the management of property which would

IN APICIBUS JURIS

Among the subtleties or extreme doctrines of the law. 1 Kames,Eq. 190. See APEX JURIS

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