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

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

Charitable organization that foster cultural and social unity to achieve objectives related to public service. The initial capital investment is provided by the founding members who do not expect its repayment or

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.

Absence when called upon by a court at the hearing

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.

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

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.

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

Investments and Finance that are carried out without the traditional inflow and outflow of cash.

1. Accounting: A Financial items that does not affect the firm’s cash inflows and outflows while being included in the computation of its income on the basis of accruement 2. Banking: Checks

Non cash expenses such as depreciation where cash is not physically involved

The loss of a right due to a failure to claim or pursue it within a specified legal period.

Advertisements such as public service announcements that are aimed at educating the consumers or instilling an idea in them. They are often used in the electoral process to gain votes.

A financial activity that involves the owner’s equity and liabilities but has no effect on the inflows and outflows of cash. A significant amount involved in a noncash transaction is included in

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

Also known as categorical variables or the variables in financial equations that are not dependent on the rate of inflation and other such factors.

Occurrence of an situation due to the nonfulfillment of the prescribed standards and specifications.