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

The ability an insurance company has to cover its loss with premiums.

Insurer’s estimated time-bound total unpaid claim liability as held money. Includes unreported claim events, committed unpaid rulings, and payouts committed yet not due.

Summary statement of an insurer’s not-yet-settled claims.

1. In Insurance this is the total of money lost. It is by policy payout, often stated by period. 2. In General business, this occurs whenever overhead expenses exceeds income.

Payment authorization clause. Covers insured payout to insured entities who are not the insured. Protects a mortgage lender, as an example.

For a lot: Defined quantity; item count. Another name for lot size.

An asset whose strike price is close to zero.

Loans given to borrowers unable or unwilling to give a lender certain information or documentation. A variety of loan types are considered to be low documentation. Not everyone is eligible for this

1985 US Supreme court decision, ‘Cleveland Board of Education vs. Loudermill’, gave public employee property rights in their jobs. A public employee cannot be terminated without due process involving a pre-termination hearing,

A measure of a gas or vapor in air, given an ignition source, such as arc, flame, or heat, capable of producing a flash of fire. Lowest concentration as a percentage versus

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

Portion of data, separated into four equal parts, representing the divided set’s lowest value.

Using the lowest average account total to calculate interest amount.

Exceeding this substance’s LADD level has been proven by animal testing to manifest toxic effects.

Its application is mandated under the provisions of GAAP. Conservative accounting valuation rule. Requires valuing certain asset types, like an inventory, at the lesser of either at historical cost or at current

Control chart’s quality control bottom limit for data points below the control average line. Contrast to upper control limit.

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.

Lifespan of over five years in general makes an asset long-term.

An asset that provides payoff. Refer to nonlinear instrument.