Business

The difference between the numbers of gross charge-offs and any recovery of delinquent debt is a net charge-off (NCO). Net charge-offs refer to the debt…

An operational strategy used by a company to create a new business subsidiary from its parent company is a corporate “spin-off”, also referred to as…

Wager Policy A wager policy is an insurance policy that is made when the insured has no insurable interest. This is a kind of insurance…

A layoff (or laid off) is the transitory suspension or lasting end of work of a worker or, all the more generally, a gathering of…

In a hiring contract, a silver parachute is a provision detailing special pay plans paid to individual workers when they leave a corporation or their…

A golden parachute is an arrangement between a company and an employee (usually a top executive); if the company is taken over by another company,…

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…

A white knight is a hostile takeover defense in business whereby a ‘friendly’ person or business that acquires a company with appropriate consideration is on…

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.…

Current Purchasing Power Method (C.P.P.) is also known as General Price-Level Accounting. CPP methods, financial statements prepared under historical cost accounting are re-stated by using…

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…