What Is a Reinsurance Sidecar? A reinsurance sidecar is a financial entity that solicits private investment in a quota share treaty with an insurance company.
Author: Satheesh Gounder
Corvex Management is a New York-based hedge fund that was launched with much fanfare in 2011 by noted investor Keith Arlyn Meister. By 2013, the
What Is a Flotation Cost? Flotation costs are incurred by a publicly-traded company when it issues new securities and incurs expenses, such as underwriting feeslegal
What Is an Asset’s Useful Life? A tangible asset is any asset in physical form. Tangible assets include fixed assets such as machinery, land, and
A country’s financial account is defined as the balance of payments tracking increases and decreases in the international ownership of assets held by individuals, businesses,
What Is Credit Exposure? Credit exposure is a measurement of the maximum potential loss to a lender if the borrower defaults on payment. It is
What Are Progress Billings? Progress billings are invoices requesting payment for work completed to date. Progress billings are prepared and submitted for payment at different
What Is a Fractional Share? Less than one full share of equity is called a fractional share. Such shares may be the result of stock splits,
What Is Deferred Income Tax? A deferred income tax is a liability recorded on a balance sheet resulting from a difference in income recognition between