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Top Searched Definitions

  1. Article 50

    Article 50 is the clause of the European Union treaty that outlines how to leave the EU. Britain became the first country ...
  2. Knowledge Engineering

    Knowledge engineering is a field of artificial intelligence (AI) that creates rules to apply to data in order to mimic the ...
  3. Large-Line Capacity Insurance

    Large-Line Capacity is the maximum amount of liability that an insurer can take on in a single policy.
  4. Brexit

    Brexit refers to Britain's leaving the European Union, which could happen in as few as two years.
  5. Unicameral System

    Unicameral system is a government with one legislative house or chamber.
  6. Insolvency Clause

    An insolvency clause is a reinsurance contract clause that requires the reinsurer to uphold its obligations even if the ceding ...
  7. SKEW Index

    The SKEW index measures perceived volatility in financial markets. However, history shows it has not been the best indicator. ...
  8. Composite Rate

    Composite rate is an insurance premium that is based on the average risk profile for a group rather than the risk profile ...
  9. Silk Route

    The Silk Route is a historic trade route used from the second century BC through 14th century AD that went from China to ...
  10. Exposure Rating

    Exposure Rating is a method used to calculate risk exposure in a reinsurance treaty without the reinsurer having previous ...
  11. Declaratory Judgment

    A declaratory judgment is a type of legal action that outlines the rights and obligations of each party in a contract.
  12. Civil Authority Clause

    Civil Authority Clause is an insurance policy provision which outlines how loss of business income coverage applies when ...

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Hot Definitions
  1. Restricted Stock Unit

    Compensation offered by an employer to an employee in the form of company stock. The employee does not receive the stock ...
  2. Operating Ratio

    A ratio that shows the efficiency of a company's management by comparing operating expense to net sales. Calculated as:
  3. Expense Ratio

    A measure of what it costs an investment company to operate a mutual fund. An expense ratio is determined through an annual ...
  4. Pro Forma

    A Latin term meaning "for the sake of form". In the investing world, it describes a method of calculating financial results ...
  5. Trumpcare

    The American Health Care Act, also known as Trumpcare and Ryancare, is the Republican proposal to replace Obamacare.
  6. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. ...
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