Tag: insurance
Savings And Loan Crisis (S&L)
What is the 'Savings And Loan Crisis - S&L' The Savings and Loan (S&L) Crisis began under the volatile interest rate climate...
Salomon Brothers
DefinitionSalomon Brothers was an investment bank founded in 1910 by three Jewish-American brothers along with a clerk named Ben Levy, it remained a partnership...
Safe Harbor
What is 'Safe Harbor' Safe harbor refers to a legal provision to reduce or eliminate liability in certain situations as long as...
Macroeconomic Factor
What is a Macroeconomic Factor
A macroeconomic factor is a broad concept used in economics to describe anything that could affect the economy as a...
Bailor
DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...
Backpricing
What is 'Backpricing' A pricing method used in specific futures contracts whereby the price of the commodity to be delivered is priced...
Bail Bond
What is bail bond and why do people need it
Bail bonds are a type of surety bond that is posted on behalf of a...
Cancellation Provision Clause
What is 'Cancellation Provision Clause' It is a provision in an insurance policy that permits an insurer or an insurance company to...
Lapse
What is a 'Lapse' A lapse is the cessation of a privilege, right or policy due to time or inaction, so a...
Calendar Year Accounting Incurred Losses
What is 'Calendar Year Accounting Incurred Losses ' Calendar year accounting incurred losses is a term used in the insurance industry to...