SPECIAL ACCEPTANCE
A risk acceptance that is not automatically accepted by a reinsurance contract.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A risk acceptance that is not automatically accepted by a reinsurance contract.
A policy that eliminates the need for more than one contract by combining all of them into the same policy.
An established investment that has been in the secondary market long enough for there to be a history making it relatively predictable and safe.
A captive with greater tax benefits that acts as expanded pure captive. Refer to agency captive, group captive, protected cell company, rentacaptive, and sister captive.
A coupon associated with the first inerest payement on a bond or note. Any payments made afterward are done in a normal semiannual or annual monthly cycle.
A firm that is failing that becomes a prime takeover possibility.
Finite reinsurance where premium is paid to an experience account every year for the contracts duration. The account generates a rate that covers loss. If anything is left at maturation it is
A government requirement that contractors, businesses, and fiduciaries whose work affects public interest maintain a security bond to ensure sufficient fortification in case the contract individual breaks contract.
A US market Separate Trading of Registered Interest and Principal Securities.
The contract syndicate members agree to. It designates the structure, rules, and time period. AKA underwriting agreement. Refer to subscription agreement.
A New York Stock Exchange membership that enables an agent to trade on the floor on their won behalf or for a client. This membership is transferable.
The collection of payments, particularly mortgage payments, by a trustee or servicing agent from a financial institution.
Maturity dates of less than three years on a yield curve. Refer to belly of the curve and long end.
Capital stock with less than 1 billion market capitalization. Refer to ankle biter large cap stock micro stock and mid cap stock.
When the difference between two assets and a strike price are used to pay off debt or loss. AKA difference, outperformance, and underperformance options. Refer to multi index option and yield curve
A calculation of premiums less expenses and losses to determine profitability of a company.
A firm expecting underlying assets when an exchangetrade derivative contract expires. Refer to weak hands.
When a syndicate arrange the obligations of a loan between its members. There are primary and secondary offerings.
The resale by a bank or securities firm of securities on behalf of an investor where the seller is responsible for commission fees but keeps the proceeds from the sale.
When all transactions are cancelled due to default. Both debtor and investor agree to this. Refer to novation and payment netting.