This term is used to refer to a contract with low limits and limited forms, specifically in health insurance. These contracts state the specific occurrences where payment will be made

Pollution liability coverage as a commercial form that does not offer cleanup expense coverage if such a claim is made.

A specific tax backs this type of municipal bond.

Occupants of a home but not the owners are protected from theft by this form.

Manufacturers product guarantee as a written statement that sets conditions and time limit that the product will work as stated. such warranties are typically limited to repair or replacement of the item

In Insurance, this is a multi-used term. Loss or damage payout typically has a maximum benefit as a limit. An insurer often has an age limit beyond which no policy will be

Commonly used in large, centralized corporations as .a military-type organizational structure.

A single-color drawing having little or no solid areas, no shading effect other than crosshatching, like one made with a pen or pencil. Line art can be printed without conversion to a

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

Daily operations such as purchasing, manufacturing, and selling associated with its organizational decision making areas. Also refer to staff function.

A discreet unit of information in a document, record, or statement, displayed on its own separate line. A budget element separately identified is often referred to as a line item.

A budget with grouped cost centers or departments as individual financial statement items. Current and future period estimated figures is compared to past accounting or budgeting period financial data.

The maximum amount of insurance a company can write without seeking a reinsurer.

Distribution or transmission system having inherent inefficiencies or defects leads to this waste of electrical energy.

A revenue-generating department’s head manager accountable for policy making, target setting, decision making leading to successfully meeting an organization’s main objectives.

Insurer’s categorization of the products and policies it sells, such as Homeowners, Health or Life.

self-contained departments defining the business or industry structure. Each department manager control over department’s affairs and employees. Accountability goes upwards from the bottom along the chain of command, while authority travels downwards

An organization’s chain-of-command job position accountable for the organization’s resources decisions to generate revenue and achieve organizational objectives. Also refer to line and staff management.

Repetitive manufacturing process with the same operations sequence each product passes through. The machines and peripheral equipment are in the order they are used. The process is not stopped and restarted for

Customs approved system for tracking and release of repetitive, low risk shipments. It is restricted to locations approved by Customs. Bar code technology enables immediate item entry that Customs declares to be