CONTINUOUS BOND
Financial guarantee that rolls over annually until it is cancelled or terminated. Commonly used in international trade, it does not expire as long as the client makes payment for every renewal. In the United States, some insurance companies may sell continuous bonds under standardized terms set by the federal government. The Revenue Division of the U.S. Customs and Border Protection (CBP) approves submission of such bonds. Information on the bond and rider, if any, must include bond amount, principal name, importer name, importer number, and CBP-designated number.
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Direct Marketing
A marketing strategy in which physical materials like catalogs and flyers are provided to consumers to communicate about a product or service&rsquo ...
Crossover
Point on a stock chart in which a security and an indicator converges. Technical analysts use this in predicting future movements in the stock pric ...
Mini-Sized Dow Options
An option traded in Chicago Board of Trade that has underlying assets which is comprised ...
Adaptive Price Zone - APZ
A kind of technical indicator that assists the investors in identifying possible turning points in the market. The adaptive price zone (APZ) can be ...
Noncredit Services
Fee-based services that do not involve the extension of credit that a lending institution offers to correspondent banks or corporate customers. Non ...
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