If the company would announce the uncertainty , it would end the doubt enveloping a company’s financial situation.

A variable whose values vary based on a functional relationship in a model. An example is consumption expenditure and income are variables functionally related (endogenous) to a model of income […]

See INDORSE.

Person or firm that receives by transfer a negotiable instrument when the instrument is signed. The instrument can be a bill of exchange , bill of lading , delivery order […]

1a. In insurance, this is an added, special provision to an insurance policy that improves or constrains its coverage. 1b. In other types of contracts, this one or more addenda […]

the term given to an endorsement not specifying anyone in particular and permits negotiation of a payment.

an endorsement where the person endorsing attaches a condition to his liability.

Includes the time after reopening the business when the amount of business is yet to where it was before the interruption . Extends coverage period. An attachment to a business […]

Backing for the person supported to be a collection agent of the person who signs.

This term applies to an endorsement where the person endorsing names a person who the money will be paid to.

the term given to an endorsement that limits a person’s liability who endorsed it.

the endorsement that specifically names a person who will receive a money payment.

A plan with ownership and control of an employee’s life insurance policy given to the employer. The employee’s right to policy benefits is protected by the employer’s backing.

Person or firm who signs a negotiable instrument to transfer ownership of the instrument or the property involved to a named receiver (endorsee).

Giving, bestowing, or providing something to someone. Usually a financial term. Example: giving money to a college is endowing, giving money to a bride and groom, typically the bride.

In England, certain schools having endowments are distinctivelyknown as ” endowed schools ;” and a series of acts of parliament regulatingthem are known as the “endowed schools acts.” Mozley & […]

1. The assignment of dower ; the setting off a woman’s dower. 2 Bl.Comm. 135.2. In appropriations of churches, ( in English law ,) the setting off a sufficient maintenancefor […]

A trust fund whose principal is reserved but whose income is disbursed and usable.

Specialized life insurance policy . Pays the face amount on a specific, fixed date, or upon the death of the insured, whichever occurs first. Intended for meeting special lump sum […]

Specialized life insurance policy . Pays the face amount plus accumulated bonus monies on a specific, fixed date, or upon the death of the insured, whichever occurs first. Additional provision […]

Known also as endowment insurance with profits .

Loan payment split where interest only is paid to the lender and principal repayment installments are paid into a life insurance policy . At maturity, the mortgage becomes due and […]

In life insurance . A policy which is payable when the insuredreadies a given age. or upon his decease, if that occurs earlier. Carr v. Hamilton, 129 U.S. 252, 9 […]

Essentially a mission statement . An organization ‘s public declaration of purpose. Typically, built on its guiding principles , core values and strategic goals.

in public law, signifies either the nation which is at war with another, or acitizen or subject of such nation.