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Share of Stock

A type of security that represents ownership in a company/ corporation divided into equal portions that are a claim on...

Share

A type of security that represents ownership in a company/ corporation divided into equal portions that are a claim on...

Contractual Claim

A claim, that by virtue of a contract, gives a holder the right to receive an amount of money (cash...

Equity Claim

A claim to a share of earnings left over after debt obligations have been settled. In general, equity claim represents...

Condition of Average

Determination of the amount to be paid against a claim in the case the amount or sum insured is undervalued...

Claim Closed Without Payment

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

CWP

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

Closed Without Payment

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

Stock

A type of security that represents ownership in a company/ corporation divided into equal shares that are a claim on...

Pari Passu

A Latin phrase that means "on equal footing", "with equal pace", or "with equal step". Pari passu clauses are very...