COMPENSATORY DAMAGES
Amount of money awarded to a plaintiff or his beneficiary to compensate for the damage, injury, or loss. Such compensations are awarded in civil court cases where loss occurred due to another party’s negligence or unlawful conduct. To receive this, the victim must prove the loss has occurred and if it should be attributed to the defendant. Also, he has to quantify the amount of loss before a jury or judge.
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Skimming
Skimming is an act used by identity thieves to capture the personal information of an individual through electronic means. A little electronic devi ...
Authorized Participant
Organization to undertake the responsibility of the underlying assets to create an ETF. It is usually a large organization like market makers.
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Cleanup Fund
Insurance term for final expenses connected to an individual following his death. It intends to shoulder the deceased’s final expenses includ ...
Cash Basis Taxpayer
Taxpayer who files income and deductions in the same year these are actually paid or received. Individuals cannot subtract receivables or promissor ...
Shelf Registration
Shelf Registration is a regulation under the Securities and Exchange Commission formally known as SEC Rule 415. It is used by companies to file a s ...
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