It stands for capital gain tax; a tax that an entity pays on capital gains- that is, gains arising from...

An acronym for short-term interest rate swap. By definition, it is an interest rate swap (IRS) whose maturity doesn't exceed...

It stands for enhanced capital note; a capital note that is issued by a regulated institution (e.g., a bank) with...

It stands for conditional trigger swap; a trigger swap (a hybrid derivative/ hybrid product) that capitalizes on a combined performance...

It stands for guideline level premium; with respect to life insurance (particularly universal life insurance), it is the level annual...

It stands for guideline single premium; with respect to life insurance (particularly universal life insurance), it is the premium at...

A claim is said to be closed without payment (CWP) when it is dismissed and closed, by an insurance firm,...

Refi (refinance) involves a situation when a borrower (e.g., a mortgagor) takes out a new loan, such as a mortgage...

It stands for earned premium; a portion of an insurance policy's premium that corresponds to the expired part of the...

It stands for law of large numbers; a probability principle which states that a simple mean, range, standard deviation, or...