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

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

A form that has been nearly replaced by Building and Personal Property Coverage Form and covers commercial risks for all perils.

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

A motor car policy not used any more.

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

A book containing original entries that is ditinct from a general journal that is used for recording only specific types of transactions that are repeated during the month.

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

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 form that was used to cover a commercial building against any perils. Now obselete and replaced by the Building and Personal Property Coverage form.

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

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

1. The Greek symbol for sigma that represents a sum ot total operation.2. See also six sigma.

A lien that includes the right to sell a property in default after giving notice and without getting a foreclosure.

1. Payment that is instead of cash and is in kind. 2. A claim, benefit, discount or interest as opposed to cash.

The influence that is exerted by one firm over another where the first firm owns between 20 and 50 % share in the other firm.

The policy used to protect only one person in a group that has an interest in the property.