| Actual Age |
The number of years a structure has been standing. |
| Actual Damages |
Real, substantial and just damages, or the amount awarded to a complainant in compensation for his actual and real loss or injury. |
| Actual Eviction |
The legal process that results in the tenant's being physically removed from the leased premises. |
| Bond Equivalent Yield |
An annual yield, expressed as a percentage, describing the return provided to bond holders. A bond equivalent yield is double the simple interest, semiannual yield. Since Treasury and agency notes and bonds, as well as most corporate and municipal bonds, pay interest semiannually, the bond equivalent yield is a way to compare yields available from discount securities such as Treasury bills and BAs with yields available from coupon securities. From that usage, this yield measure is also known as the coupon yield equivalent or the equivalent bond yield. For securities that pay daily, monthly, or quarterly interest, the bond equivalent yield understates the benefits obtained from the compounding of income. |
| Bootstrapping |
For financial risk mangers, bootstrapping means (1) the procedure where coupon bonds are used to generate the set of zero-coupon bond prices, or (2) the use of historical returns to create an empirical probability distribution for returns. Bootstrapping is an iterative calculation technique, often used in the construction of specialized time series. For example, the calculation of forward rates from traditional yield curves uses an iterative process to extract the implied rate for each forward period. The term is used in other ways in other contexts. |
| Buckets |
In gap reports, the predefined time interval groups are often called buckets. The buckets can be defined to represent whatever time units a bank wants to see in its gap reports. The time intervals can be single months or years. Smaller buckets, such as one-month buckets, give more detail, which in turn can provide a more accurate measure of interest rate risk. On the other hand, smaller buckets can require a greater number of buckets to show the interest rate risk far enough into the future for prudent analysis. Often, one-month buckets are used for the first six or twelve months with larger time intervals used as buckets for later periods. |
| Conduit |
A metal pipe that houses electrical wiring. |
| Conduits |
A party that purchases loans from one lender and resells the loans to investors. |
| Community Center |
A community center is a retail property type that typically offers a wider range of apparel and other soft goods than the neighborhood center does. Among the more common anchors are supermarkets, super drugstores, and discount department stores. Community center tenants sometimes contain off-price retailers selling such items as apparel, home improvement/furnishings, toys, electronics, or sporting goods. The center is usually configured as a strip, in a straight line, “L”, or “U” shaped. Of the eight center types, community centers encompass the widest range of formats. For example, certain centers that are anchored by a large discount department store refer to themselves as discount
centers. Others with a high percentage of square footage allocated to off-price retailers can be termed off-price centers. |
| Distressed Property |
Property that is in poor physical or financial condition. |
| Diversificiation |
A method of reducing risk by investing in unrelated (uncorrelated) assets. |
| Divided Agency |
Acting for more than one party in a transaction without the knowledge and consent of all parties thereto. This situation is considered unlawful and may be grounds for revocation or suspension of license under Section 10176(d) of the Business and Professions Code. |
| Environment |
The sum of all external conditions affecting the life, development and survival of an organism. |
| Environmental Assessment (ea) |
An environmental analysis prepared pursuant to the National Environmental Policy Act to determine whether a federal action would significantly affect the environment and thus require a more detailed environmental impact statement. |
| Environmental Audit |
An independent assessment (not conducted by EPA) of a facility's compliance policies, practices, and controls. Many pollution prevention initiatives require an audit to determine where wastes may be reduced or eliminated or energy conserved. Many supplemental environmental projects that offset a penalty use audits to identify ways to reduce the harmful effects of a violation. |
| Fbar |
Report of Foreign Bank and Financial Accounts. Each United States person who has a financial interest in, or signature authority over, any financial accounts including bank, securities or other types of financial accounts, in a foreign country must report that relationship by filing an FBAR if the aggregate value of these financial accounts exceeds $10,000 at any time during the calendar year. The deadline to file the FBAR with the Department of the Treasury for each calendar year is on or before June 30th of the following year. The term "United States person" means a citizen or resident of the United States, domestic partnership, domestic corporation, or a domestic estate or trust. |
| Fee Trading |
A practice used to sell securities without recognizing any or all of the true loss from that sale. To hide the loss, the investor agrees to overpay for a newly purchased security in exchange for the broker/dealer's agreement to overpay for the security that the investor wants to sell. The broker/dealer incurs a loss by purchasing the investor's underwater bond at an above-market price. At the same time, the broker/dealer offsets that loss by selling the investor a new bond at an above-market price. Thus the transactions are completely neutral from the broker/dealer's perspective. However, from the investor's perspective, the transactions effectively defer the recognition of losses on the security sold by establishing an excessively high book value for the security purchased. These transactions are specifically prohibited for federally insured financial institutions. They may also be illegal. Sometimes called fee trading. |
| Fidelity Bond Or Fidelity Insurance |
Insurance protecting an employer from losses resulting from the deliberate misappropriation of the firm’s assets by one or more of its employees. Fidelity insurance is obtained by most financial institutions. |
| Gap |
A defect in the chain of title of a particular parcel of real estate; a missing document or conveyance that raises doubt as to the present ownership of the land. |
| Gap Analysis |
An evaluation of the difference in the demand and supply of space (measured in terms of square footage) for a particular type of commercial property in a given market area where gaps are expressed as the amount of square footage demanded less the amount of square footage available in a given time period. Note that if demand exceeds supply, the gap will be positive. A positive gap indicates that potential opportunities exist for successful commercial real estate transactions. However, transactions might be avoided when supply exceeds demand (or when a negative gap occurs), as there is an oversupply of available space in the market. |
| General Agent |
One authorized by a principal to perform any and all acts associated with the continued operation of a particular job or a certain business of the principal. The essential feature of a general agency is the continuity of service, such as that provided by a property manager of a large condominium project. Most real estate brokers are treated as special agents. |
| High Density |
The concentration of housing units in a specific area or on a specific property. |
| Highest And Best Use |
The possible use of a property that would produce the greatest net income and thereby develop the highest value. |
| High Order Good |
A good or service requiring a high threshold population before it is offered to a market. Such a good or service requires a large number of consumers to support its business and requires a larger trade area than a low order good. |
| Internal Rate Of Return Method |
A comparison method that calculates the internal rate of return of the differential cash flow between any two investment alternatives, then compares that rate with the user’s opportunity cost. |
| Interplead |
A judicial proceeding by which, when two parties make the same claim against a third party, the rightful claimant is determined. As such, he could require them to litigate their problems between themselves, instead of litigating it with him. |
| Interpleader |
A judicial proceeding where an innocent third party, such as an escrow agent or broker, can deposit with the court property or money that he or she holds and that is subject to adverse claims. The court can then distribute it to the rightful claimant. |
| Job Scraping |
Refers to the process of migrating job listings to a job board from job boards where they were initially posted to enhance job site listings or hits. |
| Job Shadowing |
A temporary, unpaid work experience opportunity where students learn about a particular job (typically in a field of interest) by walking through the work day as a shadow to an employee. |
| Job Sharing |
The practice of two different employees performing the tasks of one full-time position. |
| Kerner Commission |
After the various uprisings in 1967, President Johnson set up this committee to study the race problems in America. They came to the conclusion that America was moving toward becoming two nations, black and white. Although the official title was the National Advisory Commission on Civil Disorders, the popular name came from the chairman, Otto Kerner. |
| Kimmel V. Florida Board Of Regents (1999) |
In this case, the Supreme Court decided 5-4, that even though the two plaintiffs were denied employment just because of their age, their cases would not be allowed into federal court because of the 11th Amendment. This decision made the Age Discrimination in Employment Act (ADEA) difficult to enforce. The decision also made it more difficult for Congress to enact other laws that would protect workers from their state employers. |
| Kindness |
Caring for or showing empathy for others. |
| Life Expectancy |
Average expected length of life for a group of people, of a particular age, chosen at a particular time (for example, for White infants born in 1960). (Vital Signs, 1999). |
| Life-sustaining Treatment |
Medical procedures that replace or support an essential bodily funciton. Life-sustaining treatments include CPR, mechanical ventilation, artificial nutrition and hydration, dialysis, and certain other treatments. |
| Lifetime Maximum Structure (lms) Detail |
The basis on which total benefits paid under the policy are determined in terms of either days or dollars. This refers to whether the policy or certificate counts days on which benefits have been received or whether it counts dollars of benefits paid out in determining when the coverage's lifetime maximum has been met. While the prevailing policy design today is a "pool of dollars" benefit approach, some policies being sold today still count days on which benefits are paid in determining the policy's lifetime maximum. |
| Market Penetration |
The part of the total health care market that a managed care company has captured. |
| Market Share |
The part of the total health care market that a managed care company has captured. |
| Marketing |
A systematic process for researching the needs and desires of consumers and customers and designing responsive programs, services and promotional strategies to reach these markets. |
| Notes To Financial Statements |
Narrative information intended to be an integral part of the financial statements and necessary for a comprehensive review of the statements presented. |
| Notice Of Adverse Action |
In many cases, lenders are required by law to provide applicants with timely notice of adverse action, such as denial of credit applications. This requirement applies to some loans covered by the Equal Credit Opportunity Act and to some loans covered by the Women’s Business Ownership Act. |
| Notice Of Pre-lien |
A document provided by a contractor or provider of materials to the owner of real property, This notifies the owner that a lien against the real property will be sought if invoices for materials or services being provided for the improvement of the real property remain unpaid. |
| Old-age, Survivors, And Disability Insurance |
The Social Security programs that pay for (1) monthly cash benefits to retired-worker (old-age) beneficiaries, their spouses and children, and survivors of deceased insured workers (OASI); and (2) monthly cash benefits to disabled-worker beneficiaries and their spouses and children, and for providing rehabilitation services to the disabled (DI). |
| Ombudsman |
An ombudsman is an individual who assists enrollees in resolving problems they may have with their MCO/PHP. An ombudsman is a neutral party who works with the enrollee, the MCO/PHP, and the provider (as appropriate) to resolve individual enrollee problems. |
| Ombudsman |
An advocate (supporter) who works to solve problems between residents and nursing homes, as well as assisted living facilities. Also called "Long-term Care Ombudsman." |
| Proctored Exams |
Proctored exams are tests taken while being directly monitored by an authorized faculty member, or other adult. Some distance-learning courses require that students take proctored exams to insure that there is no cheating. Most certification exams are proctored, i.e. nursing. |
| Professional Development |
Programs that allow teachers or administrators to acquire the knowledge and skills they need to perform their jobs successfully. (Ed Source) |
| Proficiency |
Mastery or ability to do something at grade level. California students receive scores on the California Standards Tests (CST) that range from "far below basic" to "advanced." The state goal is for all students to score at "proficient" or "advanced." (Ed Source) |
| Qualified Disabled Person |
A qualified disabled person is an individual with a disability who is capable of performing a particular job,with or without reasonable accommodation. |
| Qualified Domestic Relations Order (qdro) |
An order, decree, judgment or administrative notice (including a settlement agreement) that establishes the rights of another person (the “alternate payee”) to benefits; issued by a domestic relations court or other court of competent jurisdiction or through an administrative process established under state law. |
| Qualify |
First stage of four-stage transaction management process pertaining to the process of gathering and evaluating information to measure a client’s readiness, willingness, and ability to consummate a transaction. The acronym QUALIFY represents the considerations of quantify, usage, authority, latitude, intention, financial, and yield involved in the qualify stage. |
| Recycled Content |
The portion of a product that is made from materials directed from the waste stream; usually stated as a percentage by weight. |
| Recycled Product |
A product that contains the highest amount of post-consumer material practicable, or when post-consumer material is impracticable for a specific type of product, contains substantial amounts of pre-consumer material. |
| Red Jacket |
GPO's job control card, identified by a six-digit number, used for commercial procurements. |
| Staff Assisted Dialysis |
Dialysis performed by the staff of the renal dialysis center or facility. |
| Staff Model Hmo |
Physicians are employed to provide services to subscribers at the HMO’s corporate location or its multiple satellite locations. Subscribers choose a primary care physician from the physicians employed by the HMO. |
| Staffing Ratio |
The total number of hospital employees (full-time equivalents,or FTEs) divided by the average daily census. |
| Tort |
A legal term for a wrongful act that results in an injury or damages to another person or entity that is not contractual in nature. |
| Total Return Analysis |
A methodology for calculating an investor's return from an investment. In total return analysis, the investor's returns from interest income paid on the invested principal plus interest income earned from the successive reinvestment of previously earned interest on that investment is combined with projected capital gains or losses. Total return differs from yield-to-maturity first because it can include gains or losses from sales prior to maturity and second because it permits the assumption of a reinvestment rate different from the yield earned on the underlying principal. |
| Total Risk-based Capital |
A regulatory definition of bank capital. The sum of tier 1 plus tier 2 capital. |
| Unrecorded Deed |
An unrecorded deed transfers ownership from one party to another without being officially recorded. |
| Up Front Charges |
the fees charged to homeowners by the lender at the time of closing a mortgage loan. This includes points, broker's fees, insurance, and other charges. |
| Upgrades |
Options than the standard carpeting, lighting, finish carpentry and other amenities offered to all buyers in a new-home project. |
| Visa Merchant |
A merchant that displays the Visa symbol and accepts all Visa cards. |
| Voice Authorization |
An approval response that is obtained through interactive communication between an issuer and an acquirer, their authorizing processors or stand-in processing or through telephone, facsimile or telex communications. |
| Void Transaction |
A deletion of the transaction information. |
| Water Budget |
A summation of inputs, outputs, and net changes to a particular water resource system over a fixed period. (Also, water balance model). |
| Water Cycle |
The process, also known as the hydrologic cycle, in which water travels in a sequence from the air through condensation to the earth as precipitation and back to the atmosphere by evaporation. |
| Water Quality Criteria |
Levels of water quality expected to render a body of water suitable for its designated use. Criteria are based on specific levels of pollutants that would make the water harmful if used for drinking, swimming, farming, fish production, or industrial processes. |
| X12n/tg3/wg2 |
The Healthcare Business & Information Modeling Work Group (WG2) of the Business Transaction Coordination and Modeling Task Group (TG3) of the Insurance Subcommittee (N) of X12. |
| X12n/tg3/wg3 |
The HIPAA Implementation Coordination Work Group (WG3) of the Business Transaction Coordination and Modeling Task Group (TG3) of the Insurance Subcommittee (N) of X12. This was formerly X12N/TG2/WG19 and X12N/SPTG4. |
| X12n/tg3/wg4 |
The Object-Oriented Modeling and XML Liaison Work Group (WG4) of the Business Transaction Coordination and Modeling Task Group (TG3) of the Insurance Subcommittee (N) of X12. |
| Yield |
A measure of investment performance that gauges the percentage return on each dollar invested. Also known as rate of return. |
| Year Of Exhaustion (cms) |
The first year in which a trust fund is unable to pay benefits when due because the assets of the fund are exhausted. |
| Yield |
Ratio of profit to overall gross income for a given service, insurance product or other business venture. |
| Zba |
An acronym for Zero Balance Account |
| Zero Cost Collar |
The purchase of a floor (or cap) option with the proceeds realized from simultaneous sale of a cap (or floor) option. The levels of the floor and cap are selected so that the proceeds from the option sold exactly offset the cost of the option purchased resulting in a net transaction cost of zero. |
| Zero Balance |
The balance status of owing no money to the lender. On revolving loans, this means the previous balance was paid in full and nothing was charged to the account since the last billing statement. On installment loans, this means the borrower has finished paying back the loan. Note: Some lenders do not send billing statements when accounts have zero balances. |
