become+insolvent
101risk-based levy — The most significant of the levies that the Pension Protection Fund (PPF) may raise to fund its operations. The risk based levy forms part of the pension protection levy. It is calculated according to the PPF s assessment of two factors: • The… …
102structured investment vehicle — (SIV) United Kingdom A special purpose vehicle set up to buy highly rated debt securities (debt security) (such as mortgage backed securities). Complex computer software is used to create models that predict cashflow from the debt securities in a …
103SIV — structured investment vehicle (SIV) United Kingdom A special purpose vehicle set up to buy highly rated debt securities (debt security) (such as mortgage backed securities). Complex computer software is used to create models that predict cashflow …
104Mumtaz Kahloon — Muhammed Mumtaz Akhtar Kahloon Chairman of the National Vocational Technical Training Commission of Pakistan {NAVTTC) Incumbent Assumed office 21 December 2010 President Asif Ali Zardari Prime Minister …
105Assumption Endorsement — A supplemental insurance policy stipulating that, should the original insurer become insolvent, any claim covered by the reinsurance will be paid directly to the policyholder by the reinsurer, rather than through the traditional channels. This is …
106Bad Bank — A bank set up to buy the bad loans of a bank with significant nonperforming assets at market price. By transferring the bad assets of an institution to the bad bank, the banks clear their balance sheet of toxic assets but would be forced to take… …
107Fail — In common trading terms, if a seller does not deliver securities or a buyer does not pay owed funds by the settlement date, then the transaction is said to fail. In a stock exchange, this occurs if a stockbroker does not deliver or receive… …
108Limited Liability — A type of liability that does not exceed the initial amount a person invested into a partnership. Limited liability refers to the terms of limited partnerships, which comprise at least one general partner, who takes on unlimited liability, and… …
109Overtrading — 1. Excessive buying and selling of stocks by a broker on an investor s behalf in order to increase the commission the broker collects. This situation has been known to arise when brokers are pressured to place a newly issued security underwritten …
110Underlying Debt — In municipal bonds, underlying debt relates to an implicit understanding that the debt of smaller governmental entities might also be backed by the creditworthiness of larger governmental entities in the jurisdiction. On their own, these smaller… …
