UNEARNED PREMIUM
Insurance made in advance that the insurance company has not earned.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Insurance made in advance that the insurance company has not earned.
Account holding income recognised to pay insurance premiums.
Fee charged by mortgage lender’s to verify loan application information and to make the final decision on loan approval.
Balance of received discount over market price of purchased securities reaming to be written off against the expenses.
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
Maximum amount of loss exposure insured by the insurer.
Attempt at takeover where the bidder offers a higher price for stock than is needed to takeover the firm.
Passenger’s personal effects kept with them during a flight.
Situation where a bank will credit amount of a draft or cheque to a depositor’s account before it is cleared.
Person characterised by being overly ambitious, aggressive, competitive, impatient, driven, controlling with a sense of urgency. Quantity opt quality. See type B personality.
Types of complex situations (1) Apparent complexity, (2) Detail complexity, (3) Dynamic complexity, (4) Inherent complexity.
Situation where a plant or machine runs at less than its full capacity in order to accommodate production rate or time for processing.
Situation that has arisen when a portfolio’s investment are lower in proportion to the financial market’s share of capitalisation. Opposite of overweight.
Software that is custom designed and does not require modifications to operate.
Marketing strategy where messages that are not personal are first sent to the opinion leader then passed to the consumer.
Archetypal phenomenon that attempts to exploit the system that will turn out to be self-defeating.
Seeming to be everywhere or existing everywhere; omnipresent.
Difference between actual and standard rates for hours worked.
Ratio of income statement indicating the extent that earnings can decline and not result in problems of non-payment of interest.
Ownership that involves the purchase of a time or percept interest in a holiday property.