Lay corporations are classified as ” eleemosynary ” and “civil;” the former being such as are created for the distribution of alms or for the administration of charities or for […]

An entity organized for charitable or benevolent purposes. Typically, it is an incorporated body.

See CORPORATIONS.

In the civil law . Accurately ; with discrimination . Veazie v. Williams, 3 Storv. 611, 636, Fed. Cas. No. 16,907

(Lat. lie has chosen.) This is the name, in English practice, of a writ ofexecution first given by the statute of Westm. 2 (13 Edw. I. c. IS) either upon […]

1. In General, it is a term used to describe a basic principle or a fundamental part. 2. In Chemistry and Physics, it is a term that categorizes unique, distinguishable, […]

Piece of a whole that could potentially fail or exposed to damage.

Something made up of a single element. Pure hydrogen is elemental hydrogen (H).

The forces of nature. The elements are the means through which Godacts, and “damages by the elements” means the same thing as “damages by the act ofGod.” Polack v. Pioche, […]

A large institutional client, such as a PENSION FUND , MUTUAL FUND , HEDGE FUND, CORPORATION , or sovereign entity, that financial institutions court in order to generate NEW ISSUE, […]

A process where financial institutions attempt to win business or MANDATES from large institutional clients. Elephant hunting generally requires continuous communication with clients on dealrelated ideas and a certain amount […]

Slang for investment plans with an extraordinary number of volume trades. An example is an employee contribution pension plan . A catch phrase for various similar plans

1. Measured and described as height above sea level. 2. Two-dimensional drawing of an object. the front, back, side, and top are drawn flat.

Elevator collision insurance . This coverage is included in business liability insurance policies to covers damage to elevators. Covers personal possessions and the building that houses the elevator, as well […]

An insured begins coverage to receive benefits as of this date.

Typically describes the duration of coverage for reimbursement by a medical policy for accumulated medical costs .Also is the time prospective insureds can enroll in a group life program or […]

What an applicant must satisfy to become eligible.

As applied to a candidate for an elective office , this term means capableof being chosen ; the subject of selection or choice; and also implies competency tohold the office […]

A person, group, or company with risk management ability in trading commodities and in accepting or delivering the underlying commodities from a futures contract . Usually hired on a contract […]

Participants required to own or be able to commit to a sufficient regulated status and have available a specific amount of assets. Participant can be either an individual or a […]

A person who is deemed eligible for benefits under the policy contract. Also, person relying for financial support on a policyholder or taxpayer.

A person eligible for benefits as an employee under the group policy contract owned by the employer.

Expenses eligible for reimbursement and coverage. Typically medical costs or other charges under the health plan contract.

A BANK LIABILITY, such as an interbank or retail DEPOSIT, that attracts a regulatory RESERVE.

Margin purchase leverage as securities or collateral. Leveraged by an investor borrowing money from the broker..