When the current value depends on the past value in a series.

A statistical measure that indicates the degree of CORRELATION of a random variable with itself; specifically, it measures the relationship between a value in a time series and those that occur before

A leader that takes control without being appointed. This is used in a government called autocracy. They are sometimes called a dictator or despot. The decisions made do not reflect the populations

Any substance that catches fire with no help making a spark.

The Customs agency system used to process imports and exports. It is faster and decreases time lost moving goods. It also increases security.

AKA for computerized reservatin system or CRS.

A way of doing things that is programmed to happen at specific times.

When a bill is paid directly from an account through an electronic transfer. This must be authorized. The vendor must submit a request. It can be stopped at any time.

In the United States a national ELECTRONIC FUNDS TRANSFER network that clears and settles recurring payments between financial institutions, as well as debits and credits generated through businesstobusiness commerce and trade transactions.

Insurance that extends a policy for a period of time for a certain amount. It helps to cover the changes in market value or a new asset.

An agreement that allows withdrawals periodically from an account to invest in a mutual fund.

Automatic REINSURANCE coverage for an INSURER that becomes effective once a defined loss limit is exceeded, often implemented through a STOP LOSS AGREEMENT or a CATASTROPHE PER OCCURRENCE EXCESS OF LOSS contract.

When an loan based on cash surrender value is taken out to cover life insurance premuims. It prevents loss and past due status.

Reinsurance that transfers risk. The losses and gains are split between the insurer and reinsurer. The reinsurer must pay a fee to transfer the commission.

Reinsurance that covers certain risks. Both parties must agree to this.

When a share holder lets gain payments be used to pay for more stock.

1. to use an automated system to perform a function. 2. to act without thinking. Like a reflex.

A vehicle with four wheels and an engine. They move people and cargo around. Gasoline is the fuel for this transportation method. Some have electric or water run engines as well.

Coverage for an auto owner that has trouble getting insurance due to a bad driving record. It is more expensive than standard auto insurance.

The exhaust from engines that has carbon dioxide, cabon monoxide, lead, nitrogen oxide, hydrocarbons, and water. These pollutants are reduced by using unleaded fuel and catalytic converters.