Unintentional Tort Unintentional Torts are types of unintentional accidents that result in injury, property destruction, or loss of wealth. The person who caused the crash did so unintentionally...
Capital Rationing Capital Rationing refers to the approach of limiting the scope of new investments that a corporation wants to pursue. This can be accomplished by imposing a slightly higher cost of capital...
Worker adjustment and retraining notification act (WARN) The 1989 law that requires employers with 100 or more full-time employees to give affected employees 60 days’ written notice of a plant or office closing or other mass layoffs, covers nonprofit
Price-earnings ratio The current market price of a stock divided by the annual earnings per share.
Materials requirements planning (MRP) Materials requirements planning (MRP) is a computerized forecasting system used to plan the ordering of parts and materials for
Uninsured motorists coverage Uninsured motorists coverage is that part of the personal auto policy designed to insure against bodily injury caused by an uninsured
Noninsurance transfers Noninsurance transfers are various methods other than insurance by which a pure risk and its potential financial consequences can be
Life insurance planning Life insurance planning is a systematic method of determining the insured’s financial goals, which are translated into specific amounts of life insurance, then periodically
Estate planning Estate planning is a process designed to conserve estate assets before and after death, distribute property according to the individual’s wishes, minimize federal estate and state inheritance taxes, provide estate liquidity to meet costs of estate settlement, and
Average indexed monthly earnings (AIME) Average indexed monthly earnings (AIME) is under the OASDI program, the person’s actual earnings are indexed to determine his or
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