Time-bound tally of expired insurance policies versus the tally of the same-period’s new policies written. An insurer’s measurement. Also known as expiration ratio.

Non-payment of premiums causes cancellation/lapse of a policy.

Mobile, portable, compact personal computer; the primary attraction over desktops. Contrast to a desktop computer. Screen exist in the cover and can be lowered to close the laptop for easy transportation. Typically

When a company’s stock gains more than $5 billion. Refer to micro and midcap stock.

Denotes stock with $5 billion or more in market capitalization. A US term. Typically a large publicly held bluechip firm. Such firms are seen as major drivers of the US economy, and

Claims over a specified amount are placed in a pool to help curb fluctuations in premium amounts for smaller groups, as the pool is made up of claims charged by several smaller-sized

When a stable insurer underwrites a large risk in one policy.

Transfering to the insurer high risk low loss securites.

When an investory pays the insurer less premium and is willing to take on more risk.

Insurers exclude particular exposures by narrowing focus stated in such an endorsement.

A given security’s most recently executed-transaction’s price.

Previous tender identical or similar items’ agreed-to prices.

A principle for making an individual liable for an accident for not avoiding the situation when a final clear opportunity presented itself.

An approach where the last acquired product is the first one out for sale. Refer to first in first out.

the latest information on accommodation availability as provided by an electronic hotel-room reservation system.

Commodity or security price on last transaction executed and posted on an exchange.

Trading for a particular delivery month ends on this final day under the rules of a futures exchange. At the end of this last trading day, making or taking delivery of the

The version of a will superseding all previous versions of this will.

When the borrower has not made a payment when it was due, a lender can impose an additional fee.

Diffusion of innovation theory holds that the majority group of roughly 34 percent of population is just ahead of the ‘laggards’ in trying or adopting a new product. This group’s members are