A bidder who has been preferred over others, by a company who is holding an auction.

When large projects are to be constructed, a prefeasibility study is carried out in order to decide whether or not the project will be worth proceeding with or not.

A requirement that states that any person who wishes to apply for an insurance license must complete an educational degree or course.

Profit gained before depreciation is levied on the account.

The rate at which a publication would alow a client to place an ad in its ‘preferred position’.

A notice issued in order to provide the exact date on which a premium will become payable.

A discount given to any policy holder if they decide to pay all of their premium for the year in advance.

The excess amount paid on the shares that are outstanding of the preferred stock, held by a company.

A form which is used to pay the premium as a deposit when the term begins.

A group of different personnel who are ready to provide treatment to members of the group for a preset fee. It is usually another option as compared to a HMO network, which

Those who have invested are liable to receive payment before others, though they can forego their shareholder privileges.

Costs that are charged before a firm actually opens for business, usually in the setting up and promotional activities.

A technique in which two or more products are sold in one piece, as a bundle. Generally, a premium offer is used to increase sales of a product.

Costs that are incurred before income has been reported on the balance sheet.

The evaluation of the value of a firm, before it is sold. Valuation is done by issuing new shares, and then multiplying the price to earnings ratio by the periodic earnings of

The total cost of a certain insurance.

Any assumption or information which forms the basis of a conclusion.

The estimated costs that might be incurred during the implementation of a plan. A planning estimate is usually derived from the provided information, and can be based upon various planning factors.

More dividends are paid out to shareholders as their value of stock increases.

An accounts ledger that must be maintained by the plant, detailing all of the information on a certain asset.