VIRUS
1. A parasitic and infectious microorganism smaller than a bacterium. Incapable of independent metabolic activity. Needs to invade a living organism to derive energy to survive. 2. See computer virus.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
1. A parasitic and infectious microorganism smaller than a bacterium. Incapable of independent metabolic activity. Needs to invade a living organism to derive energy to survive. 2. See computer virus.
Provision, clause or term impairing a contract or making it void or voidable.
Metric unit of electrical potential. Equal to the steady flow of one amp current against one ohm of resistance
Marine policy of insurance covering one trip and only the cargo on the trip.
A strategy that uses volatility rather than market direction. Refer to directional strategy.
A german corporation’s management board. Refer to aufsichtsrat.
Means your account. A local account held for a foreign interest. This helps the company do local currency business. Refer to nostro.
a building that does not have any contents or inhabitants.
When distressed assets of uncertain worth are sold at a deep discount. Refer to fire sale and vulture fund.
An indirect tax placed on goods and services paid by producers and consumers. This tax is added at each manufacturing stage adding value. Refer to ad valorem.
The date a transaction is complete. AKA settlement date.
The estimate of how much a portfolio will lose at market risk. It measures shortcomings and uncertainty. Refer to back testing, maximum loss, and profit and loss explain.
Insurance that pays out an agreed upon amount if loss should occur. Commonly life insurance. Refer to indemnity contract.
A standard financial transaction. They have the greatest liquidity and smallest spread.
The price changes that occur compared to a %1 volatility change.
Funds invested in new high risk opportunities. This is done in exchange for preinitial public equity stake. Most technology and biotechnology get their starts here. Refer to down round and mezzanine financing.
When reinsurers assume different layers of risk. Some reinsurers will have no loss. The higher the layer the less exposed to risk. Refer to excess layer and horizontal layering.
When companies that make different elements of a product join forces. This is done when one company wants to control much of the process. Refer to conglomerate and horizontal merger.
When a directors duties are given to creditors before insolvency occurs. This protects assets in the failing business.
Means overpowering force. An unavoidable event that will effect the profits of the firm. Risk transfer is sought in this case. Refer to force majuere.