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17 Results for 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 the term set in the agreement.

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 larger technology, such as computer h

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 agency that serves to charter, regulate and supervise the national

Salary Freeze

Salary Freeze What is 'Salary Freeze' The action of a company suspending salary increases for a period of time. By freezing salary increases for a given period, management is hoping that t

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 together to finance a transaction. A bac

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 rectified. Despite the fact technolog

Past Due

Past Due What does 'Past Due' mean Past due is a loan payment that has not been made as of its due date. A borrower who is past due may be subject to late fees, unless the borrower is stil

Farmout

Farmout What is 'Farmout' Farmout is the assignment of part or all of an oil, natural gas or mineral interest to a third party. The interest may be in any agreed-upon form, such as explora

Waiver Of Restoration Premium

Waiver Of Restoration Premium What is 'Waiver Of Restoration Premium ' A clause in an insurance policy that says that the insurance company will not require the policyholder to pay a fee

Waiver Of Coinsurance Clause

Waiver Of Coinsurance Clause What is 'Waiver Of Coinsurance Clause ' Language in an insurance policy that says the insurance company will not require application of the part of the policy
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