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Insurance
Insurance is a promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Examples include car insurance, health insurance, disability insurance, life insurance, and business insurance.
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black damp
Energy; Coal
Term used for when there's an area with low oxygen levels and too much nitrogen, argon, carbon dioxide or water vapor. In mining, this creates a deadly situation where ...
speculative-grade bond
Financial services; General Finance
Bond rated Ba or lower by Moody's, or BB or lower by S&P, or an unrated bond.
barycenter
Astronomy; General astronomy
The center of mass of a system of bodies, such as the solar system. When a comet, for example, is well outside the orbit of Neptune (the farthest major planet), it sees the sun ...
Stainless Steel
Kitchen & dining; Cooking tools
One of the two principal metals used in cookware, extremely durable, smooth and scratch-resistant.
supermajority amendment
Financial services; General Finance
Often used in risk arbitrage. Corporate amendment requiring that a substantial majority (usually 67% to 90%) of stockholders approve important transactions, such as mergers.
azimuth
Astronomy; General astronomy
Angular distance measured clockwise around the observer's horizon in units of degrees; astronomers usually take north to be 0 degrees, east to be 90 degrees, south to be 180 ...
even-aged stand
Biology; Ecology
A homogenous group of trees in one area which are also evenly-aged.