Financial transaction with neither a direct nor an indirect execution to the benefit of the user. Sometimes, these transactions do not need to be registered with the Securities and Exchange […]

Payments made to the church, by those who were tenants of church-farms. The first was a rent or duty for things belonging to husbandry: the sec- ond was claimed iu […]

the term given to a day that the court is not in session such as a Sunday or a legal holiday.

The process that involves the sale of a property, utilizing the power of sale in mortgage. However, most insurance companies require a judicial disclosure by the court before issuing a […]

the term given to a trial with only a judge and no jury.

a term that means that a thing is exempt from taxation and is therefore not taxable.

1. An graphical plot of an equation, whose points do fall on a straight line, but rather a curve. 2. a procedure that does not follow a predetermined sequence.

The opposite of linear systems, it refers to the system whose external factors may be disruptive and non-additive. Non linear systems cannot be broken down into smaller parts and then […]

1. A feature of economic and social systems that cannot be broken down into smaller parts and reassembled to obtain the initial system. It is characterized by unpredictability, random behaviour […]

A policy that deems the insured’s statement of healthy sufficient for its issuance.

In old ecclesiastical law . A nun. Nonnus, a monk. Spelman.

term that applies to bodies of water that a ship is unable to pas through.

a term that is used to mean that a thing is not transferable .

a term used to describe an injury or illness that is not as a result of working.

A rented, borrowed or leased vehicle that is used primarily for business.

The sale of preferred stock by the company is considered a ‘ nonparticipating ‘ investment. The stockholder is eligible for dividend payments and the cost to initiate the fund, in […]

A provider who is not contracted with a health plan, or one who is prohibited from participating in Medicare.

The benefits received in the form of a reimbursement when a medical service is delivered by a nonparticipating medical provider.

The neglect, failure, or refusal of payment of a debt or evidence of debt when due.

the term that is applied to damages that can’t be calculated accurately in monetary terms.

a term that describes the breach of a contract and the failing to carry out the terms of the agreement.

Distributors at various stages of the same supply chain collude to alter the supply and thus the price of goods and services.

the term given to activities that don’t lead to making a profit.

The accounting practice for non profit organizations which are exempted from taxes. Under the IRS tax code, charities, civic leagues, hospitals and various other organizations quality for tax exemption status. […]

The purpose of these organization does not include the generation of profit and as such they enjoy a tax exempt status.