INCURRED BUT NOT REPORTED
Type of account often used in the insurance industry which refers to reserves created for claims and/or events that occurred but not reported to an insurance company. In such instances, an actuary will estimate the possible damages to a region. The insurance can then decide to set up reserves to allocate money for anticipated losses. Such events and losses are considered incurred but not reported.
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Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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Ethical Investing: Instruments for Ethical Investing
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