MARITIME LAW
Law, conventions, and treaties that deals with international private businesses or other related matters such as ships, shipping, or crimes happening on open water. Laws between countries that govern these things as national versus international waters are regarded as public international law and known as Law of the Seas. In most developed countries, the law is governed by a separate code and has a independent jurisdiction from national laws.
Also called admiralty law.
POPULAR TERMS
Maximum Loan-to-Value Ratio
Maximum allowable ratio of a loan’s size to the property’s value that is securing the loan. Lenders measure the risk using loan-to-valu ...
Cash Return on Assets Ratio
Ratio used to differentiate a business’ performance against other industry members. The company’s analysts may use the ratio internally ...
Retention Bonus
A reward given to an employee that serves as an incentive to keep that key employee on the job during a significant business cycle, like a merger o ...
Infrastructure
Basic physical systems of a business or country such as roads, utilities, transportation, communication, sewage, and water and electric systems, am ...
Cost Control
Act of managing and/or reducing business expenditures done by determining the costs and evaluating if such expenses are affordable and reasonable. ...
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