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  2. Marine insurance - Wikipedia

    en.wikipedia.org/wiki/Marine_insurance

    A co-insurance, which typically governs non-proportional treaty reinsurance, is an excess expressed as a proportion of a claim in percentage terms and applied to the entirety of a claim. Co-insurance is a penalty imposed on the insured by the insurance carrier for under reporting/declaring/insuring the value of tangible property or business income.

  3. Incoterms - Wikipedia

    en.wikipedia.org/wiki/Incoterms

    The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...

  4. Form, fit and function - Wikipedia

    en.wikipedia.org/wiki/Form,_fit_and_function

    FFF refers to a set of characteristics or requirements that are essential for the design and compatibility of products, components, or systems, and can have legal considerations in regulated industries like aviation and defense (e.g., for technical data rights and configuration management).

  5. List of Latin legal terms - Wikipedia

    en.wikipedia.org/wiki/List_of_Latin_legal_terms

    Term used in contract law to specify terms that are voided or confirmed in effect from the execution of the contract. Cf. ex nunc. Ex turpi causa non oritur actio: ex nunc: from now on Term used in contract law to specify terms that are voided or confirmed in effect only in the future and not prior to the contract, or its adjudication. Cf. ex ...

  6. Glossary of nautical terms (M–Z) - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_nautical_terms...

    Marines sometimes are thought by seamen to be rather gullible, hence the phrase "tell it to the marines", meaning that one does not believe what is being said. 2. An alternative term for a navy, uncommon in English but common in other languages. 3. Of or pertaining to the sea (e.g. marine biology, marine insurance, marine salvage). 4.

  7. What is a moratorium? - AOL

    www.aol.com/finance/moratorium-183650120.html

    The new law prohibited insurance companies from canceling insurance policies until 90 after all repairs to the home are complete. What is a moratorium in auto insurance? Auto insurance companies ...

  8. Glossary of nautical terms (A–L) - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_nautical_terms...

    This glossary of nautical terms is an alphabetical listing of terms and expressions connected with ships, shipping, seamanship and navigation on water (mostly though not necessarily on the sea). Some remain current, while many date from the 17th to 19th centuries.

  9. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...