A chemical or substance that initiates or accelerates a chemical reaction ‘s rate when added to another chemical or substance. The catalyst is unaltered in the process and is reusable […]

Pollution reduction device that eliminates or reduces substantially emissions. Usually attached to a car or engine exhaust system. Converts three specific substances from harmful to benign. Carbon monoxide converts from […]

Lower octane products, like naphtha, whose smaller hydrocarbon chains are forced to form bigger, higher octane chains, such as gasoline. This is done as a part of a petro refinery […]

A tenant in capite. A tenant holding immediately of the crown. Spelman

An old name for an archdeaco

Incomprehensible loss and damage to life and assets having immense consequences.

A SECURITIZATION of a CATASTROPHIC HAZARD , such as an earthquake, hurricane, or windstorm. Repayment of PRINCIPAL and/or COUPONS is contingent on the occurrence of a defined lossmaking catastrophe ; […]

Catastrophe insurer reinsurance type. Catastrophe is categorized at magnitude, such as an earthquake or hurricane; creates total loss;

A REINSURANCE agreement providing the INSURER with cover for adverse loss experience from an accumulation of catastrophic events; such agreements often have an incremental DEDUCTIBLE and COINSURANCE .

A synthetic financial SWAP that provides one of the contracting parties with a cash inflow in the event of loss from a defined catastrophic event. In exchange for the contingent […]

Investors use this options contract to swap or exchange a portion of the difference of insurance premiums to losses caused by claims with a fixed payment. New York Catastrophe Exchange […]

Model of math theory for changing state in phenomenon such as buckling metal under pressure, liquid freezing, government failure, or mob riots. As a study of the mechanism of discontinuous […]

Changes in capability resulting in total loss of useful performance . Operating characteristics of a material, product, or system undergo Sudden and drastic change.

A RISK event that is characterized by high severity and low frequency, leading to a large difference between expected and actual aggregate losses. Common catastrophic hazards include natural and humanmade […]

Events whose consequences are extremely harsh in their severity, relating to one or more losses such as bankruptcy, total loss of assets, or loss of life.

An important part of branding or identification or image. A simple, catchy phrase usually tied to a logo or brand; Embodies the appeal or purpose of a firm or a […]

Decision-making where information and ideas go back and forth, thrown about, running up and down an organization in a mutually participative manner.

A bargain by which money is loaned, at an extortionate or extravagant rate, to an heir or any one who has an estate in reversion or expectancy, to be repaid […]

See BARGAIN

Things caught, and in the possession, custody, power, and dominion of the party, with a present capacity to use them for his own purposes. The term includes blubber, or pieces […]

Land in Norfolk, so called because it is not known to what parish it belongs, and the minister who first seizes the tithes of it, by right of preoccupation, enjoys […]

A name formerly given to a sheriff’s deputy, or to a constable, or other officer whose duty it is to arrest persons. He was a sort of Serjeant The word […]

a question that can be answered by a yes or a no.

Index of a product category, such as soft drinks, for example. Ratio of sales to the population of a specific area. It is beneficial in estimating the growth potential of […]

Marketing strategy for managing a full line of products instead of the individual products or brands. Managing occurs as a strategic business unit (SBU). The concept’s basis is that the […]