Hole-in-one insurance is a type of price-indemnification coverage, originally named for insurance policies taken out by golf-tournament sponsors who offer the possibility of big-ticket prizes to contestants who score holes in one, on the course.
Month: November 2020
A both-to-blame collision clause is part of the ocean marine insurance policy that states that if a ship (vessel) collides with another ship due to the negligence of both, owners and shippers of both vessels must share in the losses in proportion with the monetary values of their cargo and interests before the collision. The owners of the cargo and company responsible for shipment are both required to pay for losses.
Negotiable
Negotiable is used to describe the price of a good or security that is not firmly established. It is also used to describe a good or security, such as cash, whose ownership is easily transferable from one party to another. Other words used to describe negotiable are marketable, transferable or unregistered.
Form 1099-R
Form 1099-R: Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. is a tax form from the Internal Revenue Service (IRS) for reporting distributions from annuities, profit-sharing plans, retirement plans, IRAs, insurance contracts, or pensions. It deals specifically with passive income and retirement plans.
Social Entrepreneur
A social entrepreneur is a person who pursues novel applications that have the potential to solve community-based problems. These individuals are willing to take on the risk and effort to create positive changes in society through their initiatives.
Affiliate
The term affiliate is used to describe the relationship between two entities wherein one owns less than a majority stake in the other’s stock. Affiliations can also describe a type of relationship in which at least two different companies are subsidiaries of a larger parent company.
Enterprise resource planning (ERP) is a process used by companies to manage and integrate the important parts of their businesses. Many ERP software applications are important to companies because they help them implement resource planning by integrating all of the processes needed to run their companies with a single system. An ERP software system can also integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more.
Affiliate
The term affiliate is used to describe the relationship between two entities wherein one owns less than a majority stake in the other’s stock. Affiliations can also describe a type of relationship in which at least two different companies are subsidiaries of a larger parent company.
Enterprise resource planning (ERP) is a process used by companies to manage and integrate the important parts of their businesses. Many ERP software applications are important to companies because they help them implement resource planning by integrating all of the processes needed to run their companies with a single system. An ERP software system can also integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more.
Offering Circular
An offering circular is a prospectus for a new security listing. It is delivered to individuals and brokerage houses who are interested in potentially purchasing the newly issued mutual fund or stock. It may be slightly abbreviated from the final, long-form prospectus, but is still required to contain specific information. Offering circulars are required to contain certain pieces of information that are meant to be helpful to a prospective investor in deciding whether or not the investment is suitable for their interests. This information includes items such as the issuer of the security, the objective of the mutual fund or the purpose of the stock issue, the terms of the issue, and any additional information that could be helpful to a prospective buyer.