Option strategy where a put or call option purchase will match one sold of the same class and date of expiry. Also known as perpendicular or price spread.

Faster variety of ADSL where speeds of 12 -52 million bits per second downstream and 1.6-19.2 Mbps upstream. Also known as broadband digital subscriber line, BDSL.

Oil tanker that carries up to 250,000 DWT.

1. Confer right of legal ownership. 2. Confer legal authority, rights, power. 3. Designation of endowment of power, authority, rights.

Agent commissions even if he no longer works for the insurer that come from renewal of business.

Immediate right to possession and use of a property or interest in a property.

Process where the authority privilege or right to interest or asset unconditionally passes to a body.

Document vested in a body.

Period of time an employees needs to work to fully own company shares in a stock option plan.

Government agency providing services to US veterans.

Holder can veto corporate decisions but not board of director elections.

Formal examination prior to grant of approval.

Settlement where an insurer pays a part of death benefits covering a person with a terminal illness.

Company helps insurer reach a vertical settlement.

Regular oscillation or periodic motion that will repeat after a definite interval.

Obligation rising from a parties relationship with each other. Also known as vicarious responsibility.

Completion of a contract through a third party.

High ranking employee below president.

Disadvantageous situation that is self propagating and leads from one thing to another and back again. See virtuoso circle.

Sealed auction bid where successful bidder pays second top price. Also known as second bid auction, second price auction.