LETTER OF INDEMNITY
- A letter which guaranties it will meet contractual provisions, otherwise there will be financial reparations. The letter of indemnity assures the losses will not be suffered, should some provisions in a contract not be complied.
- A letter that requests replacements for lost shares from a company's treasury.
Also called indemnity bond or bond of indemnity.
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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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