A bank loan that is short term given to an exporter or seller. It is paid when the buyer pays for the shipment. The bank can take their money out at that

A document about final wishes of an individual. It is drawn up in case the person becomes unable to make their own decisions. AKA living will.

A shortterm LINE OF CREDIT granted by an UNDERWRITER to an issuer of securities that can be drawn if the underwriter cannot successfully place the securities. The advance option thus guarantees the

Parts needed before they can be used in production plans.

A lined that is placed on a graph based on the advance decline ratio. The change in price traded is placed over time to determing placement of the line. Refer to advance

A trait that is favorable for a company. It leads to success in the future. It is the exact opposite of a disadvantage.

A business person who steps in to help another business. They are involved in many of the day to day transactions.

A video game with advertisements in it. Some games sole purpose is to advertise. Other times a sponsor is advertised. The internet has helped raise this type of advertisement.

The court system where a judge decides on a case argued by a prosecutor who is suing the plaintiff and the defense attorney who defends their plaintiff. A jury has also been

When more money is taken out of an account than it has in it. This account is linked to a country not an individual.

When a company has more profit in import than export.

A FINITE INSURANCE CONTRACT where the INSURED shifts the timing of losses that have already occurred, as well as those that have been INCURRED BUT NOT YET REPORTED, to the INSURER. In

A negative effect caused by environmental factors. This occurs when the body reacts unfavorably to a sudden change.

When cash is given for insurance policy due to extreme need on the insured’s part. The money may also be reinvested somewhere else.

An AUDIT OPINION by an external auditor indicating that a company

When a party claims ownership of a propety they have been in for more than 12 years. It can also be claimed on abandoned property or it can go unchallenged by the

When an insurance company covers someone who is lieing about a preexisting condition. The policy harms the company that took the application. AKA antiselection.

A party related to a person owning a trust. Or an employee who has interest in the company trust.

Using property without owner permission. Commonly used in relation to easements and water authorities.

A witness who gives negative evidence against the party who called them as a witness. Refer to hostile witness.