A payment of interest that is given to investors in real estate mortgages.

A market that lies outside the usual methods of marketing used by Insurers. Government run programs are an example.

The payment that continues to be received after the services or goods have been provided. An example would be music on a movie sound track that was previously released.

The power given to directors that allows them to manage daily management.

Any exposure to possible loss remaining after all known risks are eliminated, counted and factored in.

A financial tool used to increase a companies dilution. After all other tranches are used this is the last move. The value is uncertain due to market variables. The issuer […]

Any difference between the projected cost and the actual cost .

A measure of difference between the values predicted by a model and the actual data. This difference is multiplied by itself and then added.

The future value of a good based on how its original value will depreciate over time. Refer to guarantee and securitization .

If a company should do badly in regards to its residual value this guarantees capital infusion to help. Refer to residual value securitization .

A security that protects the firm from residual value risks. If short fall should occur principal and coupons are reduced or suspended. Refer to catastrophe bond , life acquisition cost […]

A difference in asset returns from the security market line computed by calculating the return at a certain time and comparing it to the market portfolio at that same time. […]

grantor creates, and reserves to himself, some right, interest, or profit in the estate granted, which had no previous existence as such, but is first called into being by the […]

a disposition by will of all of a deceased person’s estate that has not been specifically disposed of.

a clause in a will disposing the rest of a person’s estate after all debts and bequests are paid.

a residuary gift that is of the remains of an estate after all debts and gifts have been given out.

The person named in a will, who is to take all the real property remaining over and above the other devises.

The amount left of an estate after all costs such as taxes have been paid.

The trust portion recognised as B in an AB trust that is made when the trustor dies.

The surplus of a testator’s estate remaining after all the debts and par- ticular legacies have been discharged. 2 Bl. Comm. 514. The “residue” of a testator’s estate and effects […]

That which remains after any process of separation or deduction; a residue or balance. That which remains of a decedent’s estate, after debts have been paid and legacies deducted. See […]

The act by which an officer renounces the further exercise of his office and returns the same into the bauds of those from whom he received it. In ecclesiastical law […]

A director is able to resign at anytime, does not need to be accepted. The withsrawal of an acceptance is not allowed unless agreed to by the firm. The director […]

One in favor of whom a resignation is made. 1 Bell, Comm. 125

1. The ability of a material to return to its size and shape after deformation . 2. The ability of a piece of machinery or a system to absorb impact […]