A theory of INTEREST RATES indicating that the expectations of investors influence the TERM STRUCTURE of rates. Thus, if investors expect future rates will be higher than current rates, the […]

Statistical prediction on the number of claims that will occur in the contract year . T

An average, or mathematically expected, credit loss, generally determined through a combination of expected CREDIT RISK exposure, probability of DEFAULT, and anticipated RECOVERY IN DEFAULT. Financial institutions allocate CREDIT RESERVES […]

The EXPECTED VALUE , or MEAN, of a statistical loss distribution function. The loss distribution function may be created to compute credit losses, INSURANCE losses, or other financial losses.

Total of the weighted payoffs as predicted outcomes related to one decision. The weightings relate to the likelihood, expressed as probabilities, of varied events generating the possible payoff. Mathematically, this […]

Mortality-table-based prediction of the likely, time-bound frequency of illness or injury to a specific group of people.

Mortality-table-based prediction of the likely, time-bound frequency of death in a specific group of people.

The method of predicting the likelihood, on average, of a gain from investing in a particular asset. Varying factors, representing market conditions and perceived asset worth, varies the predicted return.

A formulated, predictive return on an investment to help make a worthwhile investment decision . It is generated by calculating a series of potential results, filtering out unwanted ones by […]

The weighted average utility value or satisfaction from income or wealth that is derived from a particular activity. Utility is generally used in an economic or theoretical RISK MANAGEMENT framework; […]

(1) The MEAN of a distribution of values that a random variable can take. (2) The value that is obtained given certain possible outcomes and probabilities of occurrence. In financial […]

Using statistics around uncertainty , helping executives make better decisions under unstable situations. Questions if a risk is worth taking based on evaluating and qualifying the impact and type of […]

Decision theory rule: chose the event with the greatest expected value (EV).

A theory of decision making that the expected value (EV) is the cost one willing pays to have access to perfect information .

In Mexican law, a term including all the papers or documents constitutinga grant or title to laud from government Vanderslice v. Hanks, 3 Cal. 27, 38.

The whole of a person’s goods and chattels , bag and baggage. Wharton.Expedit reipublicse ne sna re quia male ntatur. It is for the interest of the state thata man […]

Trees rooted up or cut down to the roots. Fleta, L 2, c.41.

In old forest law. A cutting ofE the claws or ball of the forefeet ofmastiffs or other dogs, to prevent their running after deer. Spelman; Cowell.

Prioritize; do as quickly as possible, but attain the expected outcome; achieve results faster.

The monetary costs for attaining the desired result as quickly as possible. In fast tracking repairs or replacement of a lost or damaged asset, overtime, express transport, prioritizing will each […]

An expedition; an irregular kind of army. Spelman.

In old practice. The service of a writ. Townsh. PI. 43.

In regard to trespass and other torts, this term means to eject, to put out, todrive out, and generally with an implication of the use of force. Perry v. Fitzhowe, […]

Unrepairable, consumed-when-used component or part, like a bolt, nut, or rivet (1) needing no authorized repair procedure; (2) having excessive repair cost exceeding replacement cost ; (3) listed as un-returnable […]

Asset accounts paying operational expenses with interest and principle while held by a state. The trustee is the state. Unemployment funds used to pay for unemployment benefits and funded by […]