Category: N

In the event that a borrower defaults, this type of loan limits the lender’s power to take possession of the borrower’s property.

Transaction specific cost elements that increase the cost estimates on a casebycase basis.

A price that reflects the lowest possible average of the total cost of production with normal profit taken into consideration. It is the equilibrium price that is determined by the interaction of

A statement on a bill of exchange which prohibits it from being transferred or traded. The statement reads ‘not negotiable’, except in the case of check where it can be made non

A notice issued to concerning parties by the contractee stating that all the work concerning the project has finished. In addition, the period within which the concerned parties can exerciset their lien

An agreement in Australia which allows businesses to lease transportation for its employees. However, a portion of the employee’s wage is deducted to cover the leasing costs. The company is liable for

An exchange for the trading of futures and options that are related to energy, palladium, etc. It is a subdivision of the New York Mercantile Exchange.

A price quote on the value of a futures contract that has not been bid on for a long duration. Also referred to as nominal price, nominal quotation or subject quote

Tickets that can be claimed for travel only on the carrier that it is issued for.

A policy with a set premium amount such that extra premiums cannot be added

The instrument usedby brokers at the start of a business transaction to ensure (1) that they are not bypassed and (2) the non disclosure of the negotiation information to third parties.

The cause of the degradation with respect to the quality of performance and operational capacity, the impact of which is tolerable for a small period of time without major losses.

An agreement between two parties that prohibits criticism by one party on the other. Usually used in the settlement contract in an employment or dispute settlement.

A clause in an insurance that allows for a partial or complete receipt of benefit, or a partial refund in the event that the insured ceases payment of the premiums due on

The price, that is non-inclusive of the monetary, which is incurred by the customer when he/she buys the product. This includes the time spent shopping and the value assigned to the risk

A mobile source of pollution such as the exhaust from automobile and aircraft.

1. Agricultural Financing: In the event of crop fails or insufficient crops which results in the failing of the collateral, the lender cannot claim the loan amount from the borrower. Government schemes

A continuous journey between the source point and the destination.

The retirement that is taken when the pension plan is considered normally deemable.

Refers to Unclassifiable insured usually on workers compensation rating manuals or liability manuals.