The sum of winnings and losses of all player does not add up to zero and represents a possibility where everyone can win. In game theory, this refers to the situation when

Rejection by a drawee due to a failure to honor the instrument of negotiation (a bill of exchange)

An understanding or arrangment between the employer and employee that accounts for the reimbursement of employee expenses unrelated to the business. It also refers to reimbursements that were not requested within the

A loan that is considered to be nonperforming due to nonpayment of interest or the uncertainty regarding the collection of principal. For example, nonpayment of interest for 90 days deems that the

A company that is no longer trading, albeit on a temporary basis

Disqualified assets such as furniture or fixtures, that cannot be listed on insurance statements due to a failure to meet state requirement

An insurer lacking the proper license to set up or do business in a certain location or country.

Also referred to as interest only loan, it is an arrangement on a loan which requires the borrower to pay periodic installments to cover only the interest amount. The principal amount is

Absence when called upon by a court at the hearing

The satisfaction of debt obligations through additional investments is not permitted with this stock.

A policy with a set premium amount such that extra premiums cannot be added

The majority of policies are non assignable and as such cannot be transferred to a third party ownership

An offense that has led to the rejection of bail for the accused.

Also referred to as nonbank financial companies, these are financial companies that perform the traditional duties of a bank without the possession of legal banking classification.

Often a budget for a onetime project, such as the recruitment of staff on a temporary basis, or a special project, that is assigned to a department in a company as a

Generic Goods that bear close resemblance to the goods produced by popular brands and establishments. And as such, they are considered to be of low quality and price due to market perception.

Days such as public holidays or the weekend when business transactions do not take place. If a contract is due on a non-business day, it is usually processed on the first business

Income that is received from passive sources such as the appreciation of a real estate property and as such they fall under the tax related category of income.

A type of financial equity that requires the payment of a penalty if it is redeemed before the maturity date. This protects the holder from the income loss that is caused by

A policy that allows the insured to be covered by continuing the payment of premiums for a specified duration of time. The premiums for such policies remain unchanged while also prohibiting the