to assume a risk
41Michael M. v. Superior Court of Sonoma County — Supreme Court of the United States Argued 4 November, 1980 Decided 23 March, 1981 Full case name Michael M. v. Superior Court of Sonoma County …
42Mutual Ownership Defense Housing Division — The Mutual Ownership Defense Housing Division of the Federal Works Agency part of the United States government, operating from about 1940 to 1942 under the leadership of Colonel Lawrence Westbrook, was an attempt by the United States Government,… …
43Accrual Swap — A form of discrete time switch option in which the interest on one side accrues only if certain conditions are met. Payment of interest in the accrual swap occurs if the reference rate, such as LIBOR or EURIBOR, is above or below a certain level …
44BidPay — ] BidPay had over 4 million registered users worldwide.BidPay was a popular payment method for auction sellers based in North America because there was no chargeback or reversal risk, as there was with competing service PayPal. The buyer was… …
45Pepsi Billion Dollar Sweepstakes — The Pepsi Billion Dollar Sweepstakes was a contest, announced by soft drink company Pepsi Cola on April 10, 2003, beginning on May 1 and ending on September 14, all of the same year. For the contest, Pepsi printed one billion special codes, which …
46Commodity broker — A commodity broker is a firm or individual who executes orders to buy or sell commodity contracts on behalf of clients and charges them a commission. A firm or individual who trades for his own account is called a trader. Commodity contracts… …
47Best Efforts Mortgage Lock — When the sale of a mortgage in the secondary mortgage market requires that the seller, usually a mortgage originator, make a best efforts attempt to deliver the mortgage to the buyer. This type of trade exists to transfer the risk that a loan… …
48Topping-Up Clause — A condition implemented in a back to back or two currency loan. A topping up clause is designed to protect lenders from foreign currency devaluations. It requires borrowers to make additional currency payments to lenders to cover any devaluation… …
49turnkey — A person, under the superintendence of a jailer, who has the charge of the keys of the prison, for the purpose of opening and fastening the doors @ turn key contract @ turnkey contract Project in which all owner need do is turn the key in the… …
50scientific organization — An organization exempt from federal income tax because of the scientific nature of its activities, its refraining from prohibited transactions, and also from an unreasonable accumulation of income. Internal Revenue Code § 503. scienti non fit… …
