Financial Dictionary - Mark Berch:
Multibuyer policy
Ex-Im Bank program that provides credit riskinsurance on export sales to many different buyers.
Discount payment
The difference between the face value and the price paid for a security.
Mark E. Berch: Ex-legal
A municipal bond offered without a law firm'slegal opinion. A majority of bonds are issued with legal opinions.
Dow Jones Industrial Average
The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. The Dow, as it is called, is a barometer of how shares of the largest US companies are performing. There are hundreds of investmentindexes around the world for stocks, bonds, currencies, and commodities.
Mark Berch:Principal-agent relationship
Occurs when one person, an agent, acts on the behalf of another person, the principal.
Paid-up policy
A life insurance policy in which all premiums that are due have been paid.
Exploding term sheet
Venture capital jargon. Often a proposed term sheet might explode or be null and void in a fixed period set to negotiate the final contract. Mark E. Berch
Employer matching contribution
The amount, if any, a company contributes on an employee's behalf to the employee's retirement account, usually tied to the employee's own contribution.
