A document that is a short version of the financial statement.

A rule in a contract that parties must do what they agree to or a demand can be placed to perform the action required. Refer to conditions concurrent and condition subsequent.

A rule in a contract that allows interest to be defeated if a specific event occurs or doesn’t occur. Refer to conditions concurrent and condition precedent.

The ownership of an asset is given to secure a loan. The mortgagor gets the ownership until the debt is paid. The property can be repossessed by the mortgagor if default occurs.

The possiblity that an item will not work during a time if it is still running at the time of that specific period.

A dependent condition of a contract that has to be done by all parties. Refer to condition precedent and condition subsequent.

The obligations of insured party before a benefit is paid.

Rules that are specified that all shippers and passengers must pay. The rights cover space, damage, loss, injury, and death. It is governed by Hague rules. AKA terms and conditions of carriage.

Conditions for the rights or the parties when the contract is signed. There is a general condition as well as special conditions that are more specific.

The contract terms for employment that relate to working conditions. AKA working conditions.

The way an outcome is measured for an outcome.

The material safety data sheet that lists things to stay away from because they will harm the employee.

The rules in a deed that will restrict use of land. Penalties are paid if the owner does not comply. It controls size, price, and type of building on the land.

A hotel thats a highrise with condo units in it. They are sold to parties for personal use as rental. It is a vacation hotel when its not occupied.

A single owned home in a building with many units. It has title to the condo unit but shares land with other owners. They also share upkeep expenses. Taxes are paid based

The document filed in a state or country the condo is in. It establishes the project and airspace by ownership.

A fee charged monthly by the owners association for condos. The maintenance and security is in this fee. The amount is set by the association and the expenses.

A COMPOUND OPTION STRATEGY designed to take advantage of VOLATILITY. Condors are created with the same ratio of PUT OPTIONS or CALL OPTIONS (i.e., one low STRIKE PRICE, one middle low strike,

Behavior that an shows in reactions and inaction.

A party that buys a mortgage backed security from the third party to resell later. It makes the sale more profitable. It’s used if the borrower can’t get the loan due to