Transport recommendations for dangerous goods. Class 1-explosives, Class 2- gases, Class-3 flammable liquids, Class 4-flammable solids, Class5-Infectious and toxic substances, Class 6-organic peroxides and oxidant substances, Class7-radioactive material, Class 8- Corrosive substances,

Underwriting syndicate where each member has dual liability. See divided account.

Ownership claim of property or assets commonly owned with restricted claims but no one has an exclusive claim.

Same as retained earnings unless a portion is to be held for a certain purpose.

Offering goods or services at a deliberately set lower price than competition.

Underwriter’s group existing temporarily and banks formed for marketing new bonds or shares that is too big for one body to handle it. Also known as underwriting group.

A security with a price expected to rise due to it trading lower than is justified by its estimated and current earnings. See Bottom fishing; Value investing.

1. General. Document that is signed at the end to signify agreement , correctness or truth of contents. 2. Banking. Evaluating risk for lending by analysing loan contract details. 3. Insurance. Evaluation

Situation that has arisen when a portfolio’s investment are lower in proportion to the financial market’s share of capitalisation. Opposite of overweight.

Loss experienced or profit gained from a policy for insurance.

1. Accounting. Income received before a service is provided or a good is sold.2. Taxation. Income from means not arising from a person’s efforts.

Accepting assumed explanations or causes as facts to escape discomfort are associated with uncertainty or ambiguity.

Section of an automobile insurance policy covering damage caused by another insured motorist with insufficient money to pay damages.