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

Expenses of the insurer that can’t be charged to one specific claim.

Reserved that is set aside to cover uncertain costs of a project.

Overhead or an indirect cost that can’t be included in calculating cost of a government project.

Balance of received discount over market price of purchased securities reaming to be written off against the expenses.

Balance of premium that was paid over market price and is waiting to be written off against its expenses.

Funds in a temporary account until final allocation is made.

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

Items in seller’s inventory where the buyer’s order will be taken from.

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

The viewing of any form of confidential information without permission.

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

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

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

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

Passenger’s personal effects kept with them during a flight.

Money in an inactive bank account that after 5 years is considered an abandoned account and property goes to the state under escheat laws. See dormant bank account.

Cheque still passing through a clearing cycle. See nucleated effects.

Drafts and cheques deposited by a customer but have not been cleared or paid by the writer of the cheque, or money is not in depositor’s account yet. Also known as uncollected

A thing unable to be collected after all efforts have been made.