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55 Results for Tag: liability

Hedge Clause

Hedge Clause What is 'Hedge Clause' A provision included in published financial reports that indemnifies the author, or authors, against any responsibility for any errors, omissions, or ov

Hazard Insurance

DefinitionHome insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence. It is an insurance policy that combines various persona

Yugen Kaisha (YK)

Yugen Kaisha (YK) What is 'Yugen Kaisha - YK' A type of limited liability company that could be established in Japan from 1940 through early 2006. The Companies Act enacted in Japan in Jun

Implied Authority

DefinitionImplied Authority of Contract is a legal term. In contract law, it is the implied ability of an individual to make a legally binding contract on behalf of an organization, by way o

Offer In Compromise

DefinitionThe Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax debt to negotiate a settle

Offsetting Transaction

Offsetting Transaction What is an 'Offsetting Transaction' In trading, an activity that exactly cancels the risks and benefits of another instrument in the portfolio. An offsetting transac

Oil Pollution Act Of 1990

DefinitionThe Oil Pollution Act of 1990 was passed by the 101st United States Congress and signed by President George H. W. Bush. It works to avoid oil spills from vessels and facilities by

Malpractice Insurance

DefinitionProfessional liability insurance, also called professional indemnity insurance but more commonly known as errors & omissions in the US, is a form of liability insurance which helps

Master Limited Partnership

DefinitionIn the United States, a master limited partnership is a limited partnership that is publicly traded, also known as a publicly traded partnership. It combines the tax benefits of a

Mandatory Redemption Schedule

Mandatory Redemption Schedule What is 'Mandatory Redemption Schedule' Specified dates when a bond issuer is required to redeem all or a portion of the outstanding issues of a bond prior to
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