NEWLY INDUSTRIALIZED COUNTRY (NIC)
A country that has a strong development opportunity and ability.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A country that has a strong development opportunity and ability.
An alloying metal element for making Austenitic stainless steels. High degree of corrosion resistance, ductility, harden-ability, and tensile strength are its contributions.
Insurance premium allowed discounted or reduced on auto accident policies. As high as 60 percent of premium. It is awarded on the basis that no claims by the policy holder or by
Provided the employer or management keeps its side of the bargain, a union pledges to not initiate any strike action during the life of the agreement as stated in this type of
The schedule of natural gas trading with a delivery through pipes.
A bond that can’t be redeemed in any alternate form.
Lloyd’s insurance underwriting syndicate members who provide risk capital, and share in the syndicate’s profit and loss, but do not participate in the underwriting process. In proportion to the invested amount, each
A US organization that has international membership. Its purpose is establishing and updating fire protection and prevention safeguards. NFPA publishes National Fire Codes, standards, manuals, and recommended practices in a 16-volume set.
The shortest maturity or settlement dated future or option. Just after the nearby futures contract settles, the next futures contract is the next closest futures contract that settles. The most distant futures
Overall trends being perceived to be taking place in a particular market are the point of disagreement by at least two averages or indexes.
Legal principle preventing an entity from putting forth a defense based on a mistake caused by that entity’s negligence. For example, if a negligent entity causes a negotiable instrument’s misuse, as in
Future earnings’ value in current money a business or individual saves with a refund from a bond redemption prior to its maturity and a lower-cost bond reissuing.
Debt amount per citizen a government carries as a measure. Calculate as: (short-term debt plus long term debt minus cash minus other liquid assets) divided by the population. Government’s total debt levels
After investment expense and before income taxes, an insurer’s investments average interest amount earned.
In an accounting period net operating expenses exceed operating revenue as this amount. Excluded are extraordinary gains and losses, financial expenses like interest paid, and revenue like as interest earned.
Calculated as: total accounts receivable minus uncollectible accounts allowance as bad debt. Also known as the book value of accounts receivable.
A good without its container and/or packaging weighed: Actual, computed, or estimated weight. Net weight equals gross weight less tare weight.
multiple physician groups contracting with an HMO model. individuals not covered by the HMO can get care from these physician groups.
Adherents to a macroeconomic theoretical model developed in the 1980s. This model evolved from a prior model espoused by British economist John Maynard Keynes. Prices and wages change more slowly with short-term
Moving from a strictly agriculture-based economy to a more industry-based, urbanized population with a developed economic infrastructure is how this type of country transitions.
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