Make a bad situation, condition, or result worse. An example is putting salt in a wound. It makes the pain worse (exacerbates the pain).

365-day year is the basis of this computed Interest. Contrast to a 360- day year used to compute ordinary interest.

A share of COMMON STOCK that lacks DIVIDEND rights and voting rights and is only entitled to possible capital appreciation.

Typically equivalent with observe or analyze or inspect. Also synonymous with review, when examining a document.

One member of a group that is representative of the group. A person is a example of a member of a group of people.

Going beyond a specific set limit. Typically used with pollution, like pollutants in a waste stream, to describe violating a permitted level, count, or number.

Not perfect, yet achieving the highest levels of performance or expectations. Better than outstanding or superior.

When the company or its management constrains an auditor, inhibiting audit duty performance on that company.

An accounting entry that is contrary to what is normal or expected, and may need some attention or rectification. An example is an unusually large cost or an unusually large revenue. The

Unexpected return, typically residual plus benchmark timing.

Overweight passenger luggage. More carry-ons that is allowed. Usually demands additional payment to the carrier and even shipping separately as freight or cargo.

Having more capability to produce than is needed. Wonderful in war, but costly in manufacturing. Producing more can be a solution for reducing average costs.

Cash available that is greater than what is planned. Exhibits as greater revenue on its balance sheet. The limit is typically 20 percent.

People wanting more of a product or service than a company can produce. Higher prices is the usual result of this condition. This condition can also be a planned marketing ploy, especially

Any INSURANCE coverage that an INSURED arranges over and above the primary insurance contract, such as an UMBRELLA POLICY. Excess insurance is generally designed to protect against losses from LIABILITY or unexpected

A yield based on Interest above the guaranteed rate amount. Increase the cash value of a policy.

Any INSURANCE coverage that becomes effective once the INSURED

Setting a value as a ceiling that is higher than the normal ceiling set in this type of agreement. Can also be a second agreement with a higher ceiling than the primary

A broker licensed to work with insurance companies not licensed in the broker’s state.

Compensation-to-insurer rate out of a retrospective rating formula used by the insured to limit a large loss.