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

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

Automobile insurance cover that pays if a driver found to liable can’t pay all he is liable to pay.

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

Deal or contract between party of the account and the beneficiary of a L/C.

Analyst rate of a security that reflects opinion that its will stay behind the market.

Situation where an item’s cost is below the projected cost.

Person’s name appearing at the end of the document, subscriber.

Hotel guest checking out earlier than the scheduled date of departure.

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.

Loan under book value due to its (1) not performing, (2) low interest rate below market rate, (3) collateral market value decreases to less than loan balance outstanding or (4) collateral is

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

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

World’s largest not-for profit organisation for safety testing products with a global recognition and acceptance.

Contract for purchase of securities between the underwriter and the issuer of bonds.

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

Maximum amount of loss exposure insured by the insurer.

Fee charged by mortgage lender’s to verify loan application information and to make the final decision on loan approval.

Loss experienced or profit gained from a policy for insurance.

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.