Waiver of Subrogation A Waiver of Subrogation is a contractual arrangement wherein one waives subrogation rights over someone else in the case of errors.
Moral Obligation Bond Moral Obligation Bond is a tax-free revenue bond in which the government is not lawfully required to provide cash to cover a bond debt, but has a strong motivation to do this to prevent default.
General aggregate limit General aggregate limit is in the commercial general liability policy, it is the maximum amount the insurer will pay for the sum of the following—damages under Coverage A and B, and medical expenses
What drives net financial obligations? Net financial obligations are increased by the obligation to pay interest, and by dividends, and are reduced by free cash flow.
Aggregate deductible Deductible in some property and health insurance contracts in which all covered losses during a year are added together and the insurer
Surrogate Someone who takes the place of another, psychologically. For example, an older sister as a mother surrogate, or a psychotherapist as a father surrogate
Alligator spread Alligator spread is the term used to describe a spread in the options market that generates such a large commission that the client is unlikely to make a profit even if the markets move as
Aggregation Aggregation refers process in corporate financial planning whereby the smaller investment proposals of each of the firm's
Aggregate exercise Aggregate exercise price is the exercise price multiplied by the number of shares in a put or call contract. The option premium
Negative reinforcement Negative reinforcement used in conditioning as a way of eliminating a given response by punishing it.
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