produce a reinsurance rate as a factor of pure loss costs.

Risk management techniques used to prevent loss and increase profit.

Disability benefits for disabled workers incapable of work. Covers current or future income loss.

When a company liquidates assets, it must record income decrease on the balance sheet.

Lost capacity of one’s body part or entity’s property due to another party’s negligence or wrongdoing causing the lost capacity. Compensation throughout the lost-capacity duration is typical. This is a legal term.

When control is gained by buying the majority of stocks in a failing company.

Entity receiving loss payout benefits, such as a mortgage borrower

Lost chance to sell a potential buyer a specific item. Excluding it as a standard business peril in this circumstance from certain contracts is typically done.

Maximum loss estimate most likely due as an exposure. the insured takes special attention to loss prevention measures.

Inverse of an exponential. Raising the base to a power to give another number. Base 10 logarithm is known as common logarithm.

A firm markets one or more new products in an established and well-known brand name as a multi-product branding strategy. The objective is to take advantage of widespread name recognition of the

Action of water soluble substances like calcium, fertilizers, or pesticides, dissolving in available water, typically rain, and washing out soil as a waste. Leached-out chemicals, known as leachites, are considered to be

Two or more trusts in sequence where each sequential trust is the beneficiary of the prior trust.

Typically the venture capitalist initiating the deal, acting on behalf of the other investors. Oftentimes it is the partner or investor with the largest share of capital in a syndicated financing arrangement.

When a representative acts as leader of the board. Refer to presiding directory, residing director, and nonexecutive director.

Early consumers of latest methods, technologies, goods and products. This makes significant opportunities to springboard innovative products. As leading proponents, their needs direct the general market’s needs and choices.

An entity, typically, a person, that provides direction to those who follow. Often holds a dominant or superior position within a specific field. Exerts a high degree of control or influence over

Refers to an easy business operation or a virtually guaranteed success. A sale or trade is almost 100% certain to take place. A plumbing metaphor of a lead pipe attached to another

Introducing a new brand or stimulating consumer interest in a product or family of products by selling selected products in a product family or assortment at less than their normal profit margins.

Steel, with 0.15 to 0.35 percent lead as a lubricant to make more machinable. It also contains about the same amounts of sulfur.