Category: L

In return for transferring a property to the caregiver, one or more persons are guaranteed lifetime care and maintenance, under this arrangement .

Contract between the entity buying the policy, as the insured or policy holder, and a life insurance company, as the insurer.

a port’s cranes and derricks load and offload a containerized cargo ship.

an electronic system that stores and displays information on limit orders and feeds the data to the specialist display book. Orders that are entered as good, until cancelled, remain in the system

The insured pays the entire premium sooner than a traditional model, as set in the policy.

Insurer’s categorization of the products and policies it sells, such as Homeowners, Health or Life.

1. A scheduled service between fixed ports on a trade route by such a cargo and/or passenger transport shipping line operations. 2. Material placed between two other materials to serve as a

Email messaging services’ dedicated computer system.

Carrying passengers using a rented vehicle. Typically an automobile insurance policies’ exclusion.

The point where warehouse meets the outside world; where goods are loaded on/off a vehicle. A warehouse area.

When a swaps principal cannot be increased or decreased no matter what the interest does.

A report where asset prices distribution is calculated using a random variable to show how the market can change. Refer to normal distribution.

B/L with the terms and conditions of carriage printed on its back. Either the older Hague rules or the more recent HagueVisby rules govern these terms. Conditions of carriage are defined as

Five years or longer planning horizon for this type of plan. Also known as long range plan.

The insurer / insurance company hires one for an insured’s insurance claim investigation and settlement an insured. This person is typically and independent entity. Also refer to loss assessor.

The number of losses over a period of time.

When control is gained by buying the majority of stocks in a failing company.

More ductile and malleable steel type. Can be made into thin sheets suitable for autobody panels. Contains 0.005 to 0.3 percent carbon, and less than 0.6 percent manganese. that

When the economy suffers a downturn, this is a visual display of society’s costs. Represents output loss resulting from growth rate tied to the real gross domestic product slowing down.

Conceptual relationship between marginal tax rates and total tax collections in a graphical representation named after US economics professor Arthur Laffer. He proposed that lower taxes encourage greater output and supply, increasing