A document that holds stockholders and directors responsible for loss. This is used when the company is a front. It is not the independent entity imagined by corporate law.

Any changes done to a building in the remodeling process. AKA alterations and extensions.

1. a change to a clause that alters the original. 2. a substitute or to take turns. 3. anything relating to an alternative.

A party as a back up to a beneficiary. They will get any inheritance. Insurance uses it as well. It is more common in real estate or personal property.

When a trainee must make their own answer to a problem. This removes the simple multiple choice options.

When a resolution to a dispute is sought out of court. The processes of arbitration, conciliation, and possession proceedings are alternates for the court system. This is a voluntary choice and a

An income verification document like a W2 rather than tax forms.

Eco friendly substitutes for fossil fuel products.

The idea that anything has more than one path it can take in its lifetime. Foresight and decision making change the path.

The chosen hypothesis when the original is proven wrong.

In the UK the market and stock of small companies that can’t afford the LSE. Refer to over the counter market.

Advertising opportunities not in the standard list. They can be fliers, handouts, super market videos, and the phone book.

A mortgage contract with no fixed intrest rate or installment number amounts.

When buying and selling through an agent and one choice cancels another one out. They can either sell or buy but not do both. AKA either or order and one cancels the

A product, channel, or solution that transfers RISK exposures between the INSURANCE and REINSURANCE sectors and the CAPITAL MARKETS in order to achieve specific RISK MANAGEMENT goals. As a result of regulatory

When cargo is brought on an another route that offers the same tax and terms. Refer to alernative tariff.

Hiring someone part time or seasonally. AKA contingent staffing.

When a shipper can choose the freight rates when they have two or more are available.

The way something is made with less pollution that is more efficient than the traditional method.

Edward Altman’s way to file bankruptcy. It measures how well a party can pay debts and prevent insolvency.