Tag: letter

Keepwell Agreement

Keepwell Agreement What is 'Keepwell Agreement' A contract between a parent company and its subsidiary to maintain solvency and financial backing throughout...

Killer Application

DefinitionIn marketing terminology, a killer application is any computer program that is so necessary or desirable that it proves the core value of some...

Office Of The Comptroller Of The Currency (OCC)

Office Of The Comptroller Of The Currency (OCC) What is 'Office Of The Comptroller Of The Currency - OCC' A U.S. federal...

Salary Freeze

Salary Freeze What is 'Salary Freeze' The action of a company suspending salary increases for a period of time. By freezing salary...

Back-To-Back Letters Of Credit

Back-To-Back Letters Of Credit What are 'Back-To-Back Letters Of Credit' Back-to-back letters of credit consist of two letters of credit (LCs) used...

Cancellation

Cancellation What is 'Cancellation' A cancellation is a notice made by a broker, to his client, informing him an erroneous trade was made and is being...

Past Due

Past Due What does 'Past Due' mean Past due is a loan payment that has not been made as of its due...

Farmout

Farmout What is 'Farmout' Farmout is the assignment of part or all of an oil, natural gas or mineral interest to a...

Waiver Of Restoration Premium

Waiver Of Restoration Premium What is 'Waiver Of Restoration Premium ' A clause in an insurance policy that says that the...

Waiver Of Coinsurance Clause

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

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