Tag: flashcards

What is a 'Qualified Opinion' A qualified opinion is a statement issued after an audit is done by a professional auditor that suggests the information...

DefinitionIn United States securities law, the quiet period has "historically , a quiet period of time extended from the time a company files a...

What is a 'Variable Overhead' Variable overhead is the indirect cost of operating a business, which fluctuates with manufacturing activity. For example,...

DefinitionA savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the...

What is 'False Market' A market where prices are manipulated and impacted by erroneous information, preventing the efficient negotiation of prices. These...

Waiver Of Coinsurance Clause What is 'Waiver Of Coinsurance Clause ' Language in an insurance policy that says the insurance company...

DefinitionIn finance, a failure to deliver is the inability of a party to deliver a tradable asset, or meet a contractual obligation. A typical...

What is a waiver of premium rider A waiver of premium rider is an insurance rider that waives the policyholder's obligation to pay premiums if...

What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the...

DefinitionIn most countries, a general partnership is an association of persons or an unincorporated company with the following major features... General Partnership What...