A co-owner of an organized, limited partnership business, having limited personal liability for the firm’s debts, who does not participate in the company’s management. Also known as nominal partner . […]

A private partnership with accredited investors that invest in a variety of stock.

A share certificate representing one unit of ownership in a partnership which has both general and limited partners, known as limited partnership . Limited partners invest in the venture and […]

An insured’s whole life is covered by this insurance but only required for a set numbers of years to pay premiums.

The insured pays the entire premium sooner than a traditional model, as set in the policy.

This term is used to refer to a contract with low limits and limited forms, specifically in health insurance . These contracts state the specific occurrences where payment will be […]

Pollution liability coverage as a commercial form that does not offer cleanup expense coverage if such a claim is made.

A specific tax backs this type of municipal bond .

Occupants of a home but not the owners are protected from theft by this form.

Manufacturers product guarantee as a written statement that sets conditions and time limit that the product will work as stated. such warranties are typically limited to repair or replacement of […]

In Insurance, this is a multi-used term. Loss or damage payout typically has a maximum benefit as a limit. An insurer often has an age limit beyond which no policy […]

Enamel. Du Cange.

An inn of court. See INNS OF COURT .

In descents. The order or series of persons who have descended one from the other or all from a common ancestor, considered as placed in a line of succession In […]

Commonly used in large, centralized corporations as .a military-type organizational structure .

A single-color drawing having little or no solid areas, no shading effect other than crosshatching, like one made with a pen or pencil. Line art can be printed without conversion […]

A firm markets one or more new products in an established and well-known brand name as a multi-product branding strategy. The objective is to take advantage of widespread name recognition […]

Daily operations such as purchasing, manufacturing , and selling associated with its organizational decision making areas. Also refer to staff function .

A line or curve connecting a series of successive data points as this graphical method of displaying quantitative information or showing varying relationships between two changing variable quantities. These are […]

A discreet unit of information in a document, record, or statement, displayed on its own separate line. A budget element separately identified is often referred to as a line item.

A budget with grouped cost centers or departments as individual financial statement items. Current and future period estimated figures is compared to past accounting or budgeting period financial data.

The maximum amount of insurance a company can write without seeking a reinsurer.

Distribution or transmission system having inherent inefficiencies or defects leads to this waste of electrical energy.

A revenue-generating department’s head manager accountable for policy making, target setting, decision making leading to successfully meeting an organization ‘s main objectives.

Insurer’s categorization of the products and policies it sells, such as Homeowners, Health or Life.