Condition of a power shift. Arises when a firm is acquired by another firm or when an existing or new stockholder acquires majority or substantially large stockholding.

An agreement in an employment contract giving an employee certain protections from a change of ownership in a company. Typically, protections trigger after a change in the controlling interest that impacts the

A shift in units purchased reflected over time as a demand curve of a product or service. It can be caused by shifting trends or new competition. This can lead to altered

A difference in how a premises used from the documented expectation. An example of this is changing use as a home to a business. It typically changes the potential risk to that

Involving key players and stakeholders in organizational change to minimize resistance.

The transfer from one aircraft to another aircraft belonging to the same or different airline without a change in the flight number. Known also as a change of equipment or change of

One or more statements that allows for changing the beneficiary as often as desired by the insured, versus a policy where the beneficiary is irrevocable. For an irrevocable beneficiary, the beneficiary must

One or more statements in insurance contracts requiring that all conditions detailed in the application by the applicant must still hold true when the policy is delivered for an insurance policy to

A change requested or directed in the magnitude and/or composition of a project by a principal or client after the award of contract.

Mathematical bases of a system where irregular and erratic fluctuations in economic cycles, financial markets, weather, other complex phenomenon, or nonlinear systems with many variables are due to sensitivity to initial changes

A much-disliked section of US bankruptcy code that specifies a court appointed trustee or receiver collects a debtor’s future earnings that are then paid to unsecured creditors.

This law formulates the cooperation between US and foreign courts in international bankruptcies to protect assets and save companies. Part of both Title 11 in the US bankruptcy code and the Bankruptcy

Section of US bankruptcy code that specifies a court-appointed trustee or receiver to collect and liquidate the debtor’s property to satisfy the creditors’ claims. Either the debtor or creditor may petition a

Public or private trust that manages a charity, but is itself not a charitable organization. No trustee, trustor, or member can take monies as pay from the income generated by a charitable

A qualified charitable organization exchanges their revocable transfer of cash or property for the paying of a fixed-sum annuity over the life of one or two persons contributing the cash or property.

An ASSET that is perceived by market participants to be inexpensive compared to alternatives or proxies (i.e., the SPREAD is too wide in the case of a BOND or the price to

The cheapest of a series of ASSETS that are eligible for DELIVERY under an EXCHANGETRADED DERIVATIVE contract; the seller selects from the list of deliverables to determine the asset that will yield

Signatures, on the front by the payee, and on the back by the depositor, on a check acknowledging that both parties agree to exchange the specified check amount. Written on the back

A guarantee of payment of a check up to the amount specified on the check that is provided to the party accepting the check when following bank-prescribed procedures. This is a service

A bank can legally hold funds from a deposited check for this stated number of days , before having to credit the check to the depositor’s account. This number of days is