Tag: chapter
Large Value Transfer System (LVTS)
What is 'Large Value Transfer System - LVTS' An electronic wire payment system in Canada, facilitating the transfer of funds between large...
Unauthorized Insurer
There are a lot of risks associated with working with an unauthorized insurer. In fact, it's often a bad idea to do so. However,...
Undercast
What is 'Undercast' A forecasting error that occurs when estimating items such as future cash flows, performance levels or production. Undercasting produces...
Bankruptcy
DefinitionBankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by...
Underpricing
When a company offers its stock to the public for the first time, it's called an initial public offering, or IPO. IPOs can be...
Life Insurance
DefinitionLife insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary...
Junk Bond
A non-investment grade or high yield bond is referred to as a junk bond. As the name suggests, these bonds have a credit rating...
John Stuart Mill
DefinitionJohn Stuart Mill, also known as J.S. Mill, was a British philosopher, political economist, and civil servant. One of the most influential thinkers in...
Bailee
DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...
Canadian Institute Of Chartered Accountants (CICA)
What is 'Canadian Institute Of Chartered Accountants - CICA' A non-profit organization for accounting professionals in Canada. CICA has developed GAAP (generally...