Offer a broad coverage to any property, commercial or personal that will cover all risks but might have a lot of other exclusions.

A policy that eliminates the need for more than one contract by combining all of them into the same policy.

A term used in the travel industry for an alternative meal ordered in advance by passengers. It may be for a child, vegetarian , low salt for example.

An interest in property that has been appointed by the person donating.

A meeting of share holders called in order to discuss a specific matter that has ben stated in the meeting notice.

A component that can be replaced when it is needed to be because of malfunction or wear.

A situation that arises that will require a company to sell of some of its shares.

Any specialised equipment that can be only be used for a specific purpose. Items like gauges, dies, molds, jigs, patterns.

An auditor certified document that measures how a company or business has complied with GAAP.

An endorsement where the endorsee is named and to whom a negotiable instrument is to be paid.

A resolution that requires an important decision to alter terms of articles of association or memorandam of association. It requires no less than 21 days notice, no less than 3/4 of the

A legal entitiy that is created in order to insulate an issuer of an asset based security from the originator of said asset. A special purpose vehicle.

A motor car policy not used any more.

An account for money where it can absorb the costs incurred by a capital loss.

A tax that is levied on properties in an area to provide for infrastructure such as street lighting and footpaths.

See general agent also. The agent who acts only for a principal and only for a particular purpose.

Created in 1970 by International Monetary fund to coincide with a a disfavour in the US dollar as the main world currency. It is an accounting entry.

Stock that is not popular with investors but has significant growth potential once it attracts attention. The opposite of a high flyer.