The viewing of any form of confidential information without permission.

Degree of unreasonableness and unfairness of a contract or deal prompting a court to modify or nullify it.

Situation where overheads applied to work in progress, WIP, is less than overheads actual incurred.

The process where a large item is broken into its smaller parts.

Maximum amount of loss exposure insured by the insurer.

Person without adequate cover for a loss or a damage or who cannot meet a requirement of co-insurance.

Account holding income recognised to pay insurance premiums.

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.

Sum that is spent for purposes it was not intended to be spent on.

Exposure to loss from inappropriate selection and approval of insurance risks.

Products that can be replaced with identical products but from different suppliers.

Certified Public Accountant’s decision not involved in preparing a financial statement is called in for a unbiased opinion.

Insurance made in advance that the insurance company has not earned.

Payment that is received before a service is provided or a good is sold.

Technique used to locate defects in matter by passing sound energy through the material.

Examination that is detailed of a condition, circumstance, event or condition to gain understanding to assign credible probabilities to its outcome.

People at the lowest level of society that have becomes victims of a poverty trap.

Situation where a plant or machine runs at less than its full capacity in order to accommodate production rate or time for processing.

Benefit without a schedule of benefit that will pay out to a set amount.

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