Finance

The predatory corporation that was contemplating a hostile takeover bid is a yellow knight, but backs out of it and recommends a merger of equals…

Tare Weight Tare is a deduction from the gross weight of a substance and its container made in allowance for the weight of the container.…

A black knight in corporate finance is a company that offers or conducts a hostile takeover of the target company. Target company management also doesn’t…

Voyage Policy A voyage policy is marine insurance coverage for risks to a ship’s cargo during a specific voyage. It is one of the types…

A tender offer is a kind of public takeover bid in corporate finance that constitutes an offer to buy some or all of the shares…

Voucher A voucher is an internal document within a company that is issued by the accounts payable (AP) department. It is a small printed piece…

Unvalued Policy An unvalued policy is a policy which does not specify the value of the subject-matter insured, but is subject to the limit of…

Underwriter Underwriting is a common practice used in the commercial, insurance, and investment banking industries. An underwriter is any party that evaluates and assumes another…

Uberrimae Fidei An uberrimae fidei contract is a legal agreement, common to the insurance industry, requiring the highest standard of good faith during disclosure of…

Treasury Bill It is a bill of exchange issued by the government of a country to borrow money from the public or organizations. It has…

Tender A tender is an invitation to bid for a project or accept a formal offer such as a takeover bid. It is a written…

The surrender value is the actual sum of money a policyholder will receive if they try to access the cash value of a policy. The…