Distance measuring exactly 1852 meters or 6076.11 feet. One nautical mile equals 1.15 miles or 1.85 kilometers. By a 1920 international agreement, it replaced the British Nautical mile (6080 feet) and US

Required universally for subsistence or survival. Minimum standard-of-living essentials.

The shortest maturity or settlement dated future or option. Just after the nearby futures contract settles, the next futures contract is the next closest futures contract that settles. The most distant futures

During one-on-one discussions a customer’s current and anticipated future needs are determined and verified to prepare this specific type of report. The report focuses on understanding customer requirements. From there, one can

An entity is cautiously given specific information based on this specific type of predetermined criterion.

Specific loan types have this provision. The negative amortization amount is limited. The loan’s principal balance will not increase as the borrower pays less than the owed interest charge. Typically determined as

Expected condition with an increasing principal amount increases following each monthly installment payment. Graduated payment mortgages (GPM) designed to match young executives or professionals with low starting income but high, rapid growth

Finding one’s way around a website, locating areas of interest, and accessing other associated websites using a specific set of information and links. Also known as site map.

An international trade advocacy organization for companies to educate their members especially regarding legislative and regulatory issues. A large lobbyist group in the nation’s capitol. Members include freight forwarders, customs brokers, and

Callable bonds’ principal is returned (1) before maturation in a declining interest rate environment or (2) after maturation in a rising interest rate environment. The first situation may require reinvesting the principal

An asset loses value by this specific type of action or process.

Negative image or connotations caused lost consumer loyalty. Consumers avoid products or firms associated with unfair labor policies or harming the environment. Consumers are willing to pay a little more to switch

A mortgaged asset’s market value is below the loan amount taken against it. Some loan agreements force the borrower to cover the loss. The lender may ‘call’ the loan, demanding immediate loan

Interest-incurring liabilities exceed interest generating assets in interest rate sensitivity analysis. A negative gap in a declining interest rate environment improves net interest income because falling interest rates reprice more liabilities than

When large price shifts cause increased risk.

1. In Banking, this occurs when income earned from a loan is less than the bank’s fund costs. Also known as negative cost of carry. 2. In Borrowing, this occurs when fund

Unsecured loan agreement’ provision requiring the borrower to get the current lender’s consent before obtaining any secured loan. An example is a bond indenture clause prohibiting the bond issuer from pledging these

When short term interet rates are higher than long term rates.

Up-to-date asset value is less than up-to-date liability value.

Implicitly accepting culpability while explicitly denying the charge is what this type of ambiguous negative statement is. Contrast to affirmative pregnant.