A fund set aside for expenses due to disaster. AKA contingency reserve.

1. insurance taken out to cover expenses not covered by a primary plan. 2. insurance for remote risks that the primary policy is slow to cover.

A single event that the government taxes for an economic issue. It can do this for natural distasters, import excess, and recovery.

When a supplier goes out of business this covers the losses that are the result.

Charging commission based on profit from reinsurance. The ceding company gets this plus the normal commission.

The RISK of loss arising from a potential CREDIT RISK exposure that may appear in the future, such as drawdown on a REVOLVING CREDIT FACILITY or payment under a GUARANTEE or LETTER

A class of EQUITY financing that becomes effective once a defined TRIGGER has been breached; the class includes LOSS EQUITY PUTS and PUT PROTECTED EQUITY. See also CONTINGENT CAPITAL.

A promise to pay if the terms of a contract are met in the future. Its used to prevent loss when working with a party that may default.

Rent that changes from month to month according to the finances of the tenant.

US insurance for a loss of cash should a sudden event cause a loss of business. A trust is started selling the note. When needed securities are converted into cash. It increases

Improvement that occurs in spurts that reoccur. AKA continuous improvement.

A work of an author that is intended to finish an unfinished piece. It can be a series of several works.

The amount of work left on a contract when it is terminated. A contractor must finish this.

Any lecture, course, seminar, webinar or program that is made to educate a party. It is meant to give skills or information needed in their work. New advances and expertise is learned.

The act of keeping day to day transactions going for the current year and the ones to come.

Elements that do not change over time from one period to the next.

Taxing that occurs when a firm changes hands. The buying firm must keep the business going or keep most of its assets when the two merge to get tax deferred status.

A strategy that lets the seller uses a promotion to get customers they don’t have and keep the ones they do have.

Interest that is compounded and added daily to the previous days balance.

Selling based on the customers demand rather than predicting the demand. This is used in lean production.