Glossary extracted starting with automatic seeds, with BOW for the domain tou and language EN

bundle of rights theory	The concept that compares real property ownership to a bundle of sticks
observation	The value of a variable (or question) for each respondent in the sample
landmark	A prominent identifying feature of a landscape
policy dividend	A refund of part of the premium on a participating life insurance policy reflecting the difference between the premium charged and actual experience.
pki	Public Key Infrastructure
ebit / interest expense	[Net Income + Taxes + Interest Expense] / [Interest Expense] (also known as Fixed Charge Coverage)
investment risk	The degree of uncertainty as to the realization of expected returns
metadata	is the information that defines and describes data.
alien insurer	An insurance company domiciled in another country.
sustainable meeting	Booking rooms and space, planning events and building attendance as effectively as possible through the responsible use of resources.
turnaround time	Time required to clean, disassemble, and/or remove objects from a function/guest room and reset it for another function or guest.
maria	lead character in "The Sound of Music"; an energetic and fun-loving nun who rebels against the restrictions placed on her by her religion
pcs	Permanent Change of Station
classification	The organized representation of a given population into homogeneous categories.
taoco	Training for Accountable Officials and Certifying Officers
right-hand side	When an association between two variables is defined, the second item is called the right-hand side (or consequent)
residual intangible assets	Those intangible assets of a business (going concern) that have not been separately identified and valued in an appraisal
disability benefit	A feature added to some life insurance policies providing for waiver of premium, and sometimes payment of monthly income, if the policy holder becomes totally and permanently disabled.
frequency distribution	A chart or table showing how often each value or range of values of a variable appear in a data set.
original time series	shows the actual movements in the data over time.
constraint	In either an experiment or for a production process, a limitation in the range of a factor or combination of factors that is either physically not possible or greatly undesirable to execute.
group paid-up life insurance	Accumulating units of single premium whole life insurance and decreasing term insurance, which together equal the face amount of the policy
detection	The class of process corrective monitors designed to determine whether production material is conforming to specifications
normal distribution	Often just called the bell-curve or bell-shaped curve
logit transformation	The logit transformation Y of a probabilty p of an event is the logarithm of the ratio between the probability that the event occurs and the probability that the event does not occur: Y = log(p/(1-p)).
assignable cause	A synonym for special cause.
frequency polygon	A graph formed by joining the midpoints of histogram column tops
co	Certifying Officer
misquote	An incorrect estimate of the insurance premium.
sample frame	In sampling theory, the set of all units from which a sample is drawn
population	is any complete group with at least one characteristic in common.
factor range	In experimental design, and especially for a quantitative factor, the difference between the highest value that the factor takes on and the lowest.
separate account	An asset account established by a life insurance company separate from other funds, used primarily for pension plans and variable life products
dmm	Defense Travel Administration Manual
whole life insurance	Life insurance payable to a beneficiary at the death of the insured whenever that occurs
crs	Computerized Reservation System
reproduction cost new	The current cost of an identical new property.
lack of fit	A property of a model with respect to a set of observations
confidence interval	A range of values centered on the sample estimate that is known to contain the true value with a given degree of confidence.
cpi	Consumer Price Index
donor	The person making a gift.
inspection report	A report (usually written) of an investigation of an applicant, conducted by an independent agency that specializes in insurance investigations
tax basis	The cost from which your profits or losses are calculated for income tax purposes.
pdq	Pre-travel Data Query
enterprise	A commercial, industrial, service, or investment entity (or a combination thereof) pursuing an economic activity.
pascha	Another name for Easter, the Feast of Christ's Ressurection
cbca	Civilian Board of Contract Appeals
life expectancy	The average number of years of life remaining for a group of persons of a given age according to a particular mortality table.
usar	United States Army Reserve
idl	International Date Line
capitalization rate	Any divisor (usually expressed as a percentage) used to convert anticipated economic benefits of a single period into value.
tac	Travel Assistance Center
broker	A term generally used to describe one who places business with more than one company, and who has no exclusive contract requiring that all business be offered to a single company
service representative license	License issued to an individual employed by and paid a salary by an insurer, managing general agent or general agent
limited lines license	Usually refers to a license that limits the licensee to selling a particular line of insurance
consideration	One of the elements for a binding contract
final payment conditions	When the final payment must be paid
polemon	(314-269 BCE) an ancient philosopher; Polemon was one of the first men to lead the Academy, the ancient school of philosophy founded by Socrates’ follower Plato; the head of the Academy was elected for life
pass throughs	A form of additional rent in which the tenant pays a proportionate share of the operating expenses
uniform application	Applications developed by the PLWG available for resident and nonresident producer licensing, business entities, adjusters and Third Party Administrators.
quire	Place where the choir sings
breach of contract	The failure of a party to perform a promise accord ing to its terms, without a legal excuse.
aba	American Bus Association
substandard risk	An individual, who, because of health history or physical limitations, does not measure up to the qualification of a standard risk.
time to failure distributions	In survival analysis, data is collected on the time until an event is observed (or censoring occurs)
variance	The most commonly used statistical measure of dispersion
jftr	Joint Federal Travel Regulations
occupancy status	Census definitions covering whether or not a housing unit is lived in or occupied.
scatterplot	In turn, these scatterplots are arranged in the form of an upper triangular matrix
gui	Graphical User Interface
ro	Routing Official
revocation	A license that is terminated because the licensee has violated insurance laws or for unethical behavior.
mode	The most common value in a distribution is called the mode
risk control	Any conscious action (or decision not to act) intended to reduce the frequency, severity, or unpredictability of accidental losses.
perfidus	(Latin) disloyal ; the English word “perfidy” is etymologically linked to this word.
grantee	The person who receives the legal transfer of property from another.
rule of thumb	a mathematical formula developed from the relationship between price and certain variables based on experience, observation, hearsay, or a combination of these; usually industry specific.
index number	is a ratio measuring the value of a data item at one time in relation to its value at a base period
ravine	A narrow, steep-sided valley that is commonly eroded by running water and has a slope grade greater than 3:1
public adjuster	A type of adjuster hired, usually under a contract, by insureds and are charged with protecting their insured-client’s interests.
ecpn	Electronic Commerce Processing Node
plebeian secession	the major tactic of the plebs to exercise their power during the Conflict of Orders; when they wanted to make a strong point, the plebs would leave the city as a group, taking themselves out of public and military service; the first plebeian secession happened in 494 BCE and the last one occurred in 287 BCE.
sample size	An efficient method estimates a population parameter with the shortest possible confidence interval.
insolvent	Having insufficient financial resources (assets) to meet financial obligations (liabilities).
trend series	is a seasonally adjusted series that has been further adjusted to remove irregular effects and 'smooth' out the series to show the overall 'trend' of the data over time.
golf course - championship	The Championship course is 6,500 to 7,100 yards in length and is the most difficult of all styles
fitw	Federal Income Tax Withholding
consistent	A hypothesis test is consistent for a specified alternative hypothesis if the power of the test for the alternative hypothesis approaches 1 as the sample size becomes infinitely large.
inheritance tax	A tax on the right of an heir to receive property at the death of another.
licwo	Leisure in Conjunction with Official Travel
tms	Travel Management System
dta mt	DTA Maintenance Tool
other current assets	Any other current assets, excluding Cash and Equivalents, Trade Receivables and Inventory.
violation of assumptions	Statistical hypothesis tests generally make assumptions about the population(s) from which the data were sampled
control	A corrective action based on feedback.
license	A license of real property is a privilege to go onto premises for a certain purpose, but does not operate to confer on, or vest in, licensee any title, interest, or estate in such property
effective date	see Valuation Date.
trax	Travel Explorer
foia	Freedom of Information Act
cost of living rider	Benefit that can be added to a life insurance policy under which the policy owner can purchase one-year term insurance equal to the percentage change in the consumer price index with no evidence of insurability.
trade receivables	All accounts from trade, net of allowance for doubtful accounts, that will result in the collection of cash.
performance measure	A quantifiable measure to assess how well the organization carries out specific functions or processes.
declarations	Statements in an insurance contract that provide information about the property or life to be insured and used for underwriting and rating purposes and identification of the property or life to be insured.
opinion poll	A survey that attempts to measure views of the public on matters of interest and importance.
pigritia	(Latin) Laziness, idleness; Cicero asks his friend Atticus not to blame pigritia or laziness for his not writing the letter in his own handwriting in Book 16 Letter 15.
permanent structure	Any building or structure that was lawfully constructed, placed or erected on a secure and long-lasting foundation on land in accordance with any local government bylaw or approval condition in effect at the time of construction, placement or erection
aftd	Authorized Federal Travel Directory
ousd	Office of the Under Secretary of Defense (Comptroller)
cn	Common Name
mixture experiment	An experimental design in which each experimental run is constrained such that when summed across the factors, the factor levels are constrained to sum to a constant
stem and leaf plot	A semi-graphical method used to represent numerical data, in which the first (leftmost) digit of each data value is a stem and the rest of the digits of the number are the leaves
ecumenical	Encouraging Christian unity among all churches
pdtatac	Per Diem, Travel and Transportation Allowance Committee
premise of value	An assumption regarding the most likely set of transactional circumstances that may be applicable to the subject valuation; e.g
personal representative	A person appointed through the will of a deceased or by a court to settle the estate of one who dies.
matched samples	Matching, also known as pairing (with two samples) and blocking (with multiple samples) involves matching up individuals in the samples so as to minimize their dissimilarity except in the factor(s) under study
dot graph	A two dimensional diagram that indicates two variables as a series of dots, mainly used to show the correlation between the two variables
ctd	Civilian Travel Determination
systematic risk	the risk that is common to all risky securities and cannot be eliminated through diversification
profit commission	A commission payable on the profit generated under an insurance or reinsurance contract as an encouragement to maintain the flow of profitable business.
mccarran-ferguson act	Federal law passed in 1945 stating that continued regulation of the insurance industry by the states is in the public interest and that federal antitrust laws apply to insurance only to the extent that the industry is not regulated by state law.
living trust	A trust created while the creator of the trust is living
fdta	Finance Defense Travel Administrator
policy reserves	The measure of the funds that a life insurance company holds specifically for fulfillment of its policy obligations
vpn	Virtual Private Network
endorsement	An additional piece of paper, not a part of the original contract, which cites certain terms and which, when attached to the original contract, becomes a legal part of that contract.
waas	Washington Area Allotment System
calabria	a region in southern Italy, south of Naples, the "toe" of the Italian peninsula
stanfins	Standard Finance Systems (Army)
topology	For a neural net, topology refers to the number of layers and the number of nodes in each layer.
ditscap	DoD IT Security Certification and Accreditation Process
per capita	This means that if a beneficiary dies before the insured, the remaining beneficiaries will equally divide that share of the proceeds in addition to receiving their own shares when the insured dies
operations research	The application of mathematical and statistical processes to optimize and improve the outcome of business decisions
producer database	An electronic database of insurance producers containing license and appointment information
sightseeing	The act or activity of visiting sights of interest.
demised area	The walled off and secured area of a leased space, separated from spaces leased to others (by a "demising" wall)
checklist	A method of data recording, or of data analysis, in which the scale of the measurement is broken into distinct lines
upgrade	To move to a better accommodation or class of service.
transformation	A function that serves to modify a response or factor, usually motivated to make a particular model fit better or be more easily interpreted
continuous variable	A numeric variable which can assume an infinite number of real values
dissolved census subdivision	The boundaries and names of census subdivisions can change from one census to the next because of annexations, dissolutions and incorporations
appointment	An agreement between an insurer and a licensee authorizing the licensee to represent the insurer in the sale of its insurance products.
overnight accommodation	Any strata lot that is used or available for overnight stays (e.g., any place that has a bed) whether or not it is rented and regardless of the length of stay.
logistic function	Neural networks are sometimes use for analysis of computer experiments, especially when the size of the experiment makes kriging impractical.
transliterate	to spell a word using the characters or alphabet of another language
benefits	The amount payable by the insurance company to a claimant, assignee, or beneficiary under each coverage.
continuing education reciprocity	Simplified filing method for approving continuing education courses by other states.
base fare	It is a basic price of an airline ticket, earlier to any taxes, surcharges, airport fees, etc.
practice	One physician or a group of physicians who practice together at a single geographic location.
preferred product agreements	See commercial agreements.
escorted group tour	A group tour that features a tour director who travels with the group throughout the trip to provide sightseeing commentary and coordinate all group movement and activities.
timber mark	A symbol used by a logging company to identify its cut timber
qualitative	Qualitative variables are variables for which an attribute or classification is measured
sabellius	Third century theologian who taught there was one God, shown in three different modes (modalism), rather than three persons in one
minimalistic	not doing things to excess; keeping things simple
benefits	A benefit is what the feature will actually do for that particular customer.
ra	Registration Authority
seller's discretionary earnings	See Cash Flow
stockholders' equity	The portion of the balance sheet that represents the capital received from investors in exchange for stock (paid-in capital), donated capital and retained earnings
minaret	tall, thin towers or spires that are a distinctive part of Islamic mosques, from the top of which the call to prayer is given
out-of-stocks	An out-of-stock is an empty store shelf
dsn	Defense Switched Network
k-nearest neighbor	A classification method that classifies a point by calculating the distances between the point and points in the training data set
primary beneficiary	See Beneficiary.
ipt	Integrated Process Team
outstanding shares	stock currently held by investors, including restricted shares owned by the company’s officers and insiders, as well as those held by the public
response	To be distinguished from affine calibration
jesuit	a religious order in the Catholic Church, known for their open-mindedness and high regard for education
embargo	government prohibition on trade
model	A mathematical statement of the relation(s) among variables
mode	is the most comm
scatter plot	A graph of a pair of variables that plots the first variable along the x-axis and the second variable along the y-axis
embedded value	the sum of these two elements: (1) shareholders' equity considering the assets at market value and (2) in-force life insurance business valued at the present value of future after-tax statutory profits.
cac	Common Access Card
corporate rate	A special rate offered to business clientele, or a rate negotiated upon by a supplier and company.
specific customer needs	The process of matching preferences, needs & expectations of individual customers through consultative selling, relationship building, identifying needs and knowing about suitable products and services.
geotourism	Tourism that sustains or enhances the geographic character of the place being visited--its environment, culture, aesthetics, heritage, and the well-being of its residents
ko	Contracting Officer
suspension	A license that is temporarily invalid pending a decision by the commissioner because a licensee has violated insurance laws or for unethical behavior.
conditions of sale	See booking conditions.
reproducibility	In metrology, the total measurement precision, especially including the components of variability that occur in the long term, and occurring from one measurement instrument to another, one laboratory to another, etc.
punic wars	a series of wars between Rome and Carthage over the control of land, especially of Sicily; the first Punic War lasted from 264-146 BCE and ended with the Romans having control of Sicily; the Second Punic War took place between 218-201 BCE, was led by Hannibal, and ended in Roman victory again; the Third Punic War began in 149 and ended in 146 BCE; at the end of the Third Punic War, Carthage was completely destroyed, its population was sold and the land became the Roman Africa province.
attrition	The difference between the actual number of sleeping rooms picked-up (or food and beverage covers or revenue projected) and the number or formulas agreed to in the terms of the facility's contract
closing the sale	Recognising when the customer is ready to make a commitment, e.g
interest maintenance reserve	A statutory accounting method adopted by the National Association of Insurance Commissioners that is designed to capture all realized fixed income investment capital gains and losses resulting from the changes in the overall level of inter est rates and amortize them over the remaining original investment period.
questionnaire	A series of questions designed to elicit information on one or more topics from a respondent.
declination	The insurer's refusal to insure an individual after careful evaluation of the application for insurance and any other pertinent factors.
heresiarch	leader of a heretical (non-orthodox) doctrine or movement
origen	Theologian in the 3rd century who developed his own theory of the Trinity
omnibus panel	Ongoing multiclient studies that are taken by mail or online panel members
waiting period	A period of time set forth in a policy that must pass before some or all coverages begin
otp	One Time Password
fixed assets	(as defined by Pratt's Stats®) All property, plant, leasehold improvements and equipment, net of accumulated depreciation or depletion
philippi	a city in Macedonia established by Philip of Macedon during the 4th century BCE; this city was the site of a famous battle in 42 BCE between Octavian and Antony on one side and Brutus and Cassius on the other; Octavian and Antony were triumphant and Brutus killed himself soon thereafter.
process control	To be distinguished from a critical parameter, which is more relevant for product acceptance.
campus of care	A facility that provides two or three levels of seniors housing on one property so that residents can age in one location
windowing	Used when training a model with time series data
fixed asset turnover	a financial ratio of net sales to fixed assets
worship	Reverence or adoration of a deity through acts, rites or ceremony
tariff	(1) Fare or rate from a supplier; (2) Class or type of a fare or rate; (3) Published list of fares or rates from a supplier; (4) Official publication compiling rates or fares and conditions of service.
research	All travel staff need to constantly update their product knowledge by formal (printed sources) and informal (collected firsthand) researching.
commission	The part of an insurance premium paid by the insurer to an agent or broker for his services in procuring and servicing the insurance.
face-to-face survey	A method of administering surveys whereby the respondents are interviewed by persons who are physically present.
due diligence	In the context of real estate, a term which refers to the extent of investigation completed for a real estate task related to brokerage activities, property management, valuation, or other real estate research.
meta-analysis	A family of statistical methods that quantitatively combine the results of separate investigations into a single statement of overall significance.
net book value	with respect to a business enterprise, the difference between total assets (net of accumulated depreciation, depletion, and amortization) and total liabilities as they appear on the balance sheet (synonymous with Shareholder’s Equity)
observation research	Also called Ethnographic Research
target market	The group of customers who will be the focus of a company’s marketing efforts
margin of error	Relative figure that may be expressed as a percentage and is calculated using the sampling error of an estimate
wide area network	A communications network that covers a wide geographical area, such as a province or country
correlation	Correlation is a measure of the strength of the (usually linear) relationship between two variables
fronting company	A domestic insurance company that provides claims or administrative services to a captive.
human life value	For purposes of life insurance, the present value of the family's share of the deceased breadwinner's future earnings.
cds	Centralized Disbursing System
multiple regression	Multiple regression refers to a regression model in which the fitted value of the response variable Y is a function of the values of one or more predictor (X) variables
standard risk	A person who, according to a company's underwriting standards, is entitled to purchase insurance protection without extra rating or special restrictions.
confidence interval	is a range in which it is estimated the true population value lies.
deposit policy	A specified amount or a percentage of the total bill due on a specified date prior to arrival.
automatic premium loan	Cash borrowed from a life insurance policy's cash value to pay an overdue premium after the grace period for paying the premium has expired.
insurance	(1) A means whereby the losses of the few are distributed over the many
pricing elements	The elements used in pricing a policy, principally investment earnings, mortality, and expenses
insured	A person or organization covered by an insurance policy, including the "named insured" and any other parties for whom protection is provided under the policy terms.
campground operator	A person or persons who manage(s) a campground.
statistical edits	Look at the entire set of data
liquidating value	The value of a company based on the market value of its assets, net of liabilities.
qualified licensee	An individual or agency who already holds a license and has met the license requirements in a specific state
dodfmr	Department of Defense Financial Management Regulation
going-concern value	The market value of all the tangible and intangible assets of an established and operating business with an indefinite life, as if sold in aggregate; also called value of the going concern
odta	Organizational Defense Travel Administrator
sectarian	relating to sects or special groups
used exclusively	Refers to the activities conducted in the facilities rather than to the use of the facilities
fiduciary	A person who holds something in trust for another.
adam smith	18th-century philosopher who developed the theories behind modern capitalism, the dominant economic system in the world based on free markets
disa	Defense Information Systems Agency
sole proprietorship	One individual who owns and operates a business.
jumping juvenile insurance policy	Life insurance purchased by parents for children under a specified age
operating expenses	A category of expenditure that a business incurs as a result of performing its normal business operations
gars	Government Administrative Rate Supplement
meps	Military Entrace Processing Station
attribution methods	How the organization assigns particular patient services to specific physicians, practices or medical groups.
qrmc	Quadrennial Review of Military Compensation
misrepresentation	A misstatement of fact made by the insured or his broker to the underwriter before acceptance of the risk that misleads the underwriter in assessing the risk and induces the contract
control	The power to direct the management and policies of a business enterprise.
sales	The process of receiving money from a customer in exchange for goods and services.
multi-sample problem	In the multi-sample problem, multiple independent random samples are collected, and then the samples are used to test a hypothesis about the populations from which the samples came (e.g., whether the means of the populations are all identical).
population pyramids	See age-sex pyramid.
bulk fare	Fare available only to tour organizers or operators who purchase a specified block of seats from a carrier at a low, non-commissionable price and then have the responsibility of selling the seats, including a commission in their marked-up price for the seats.
menologium	Office book in the Eastern Church organized by date and containing the commemoration and lives of saints, with or without liturgical material
stock redemption plan	An entity purchase form of buy-sell agreement within a corporation that involves the corporation buying back shares from a departing owner.
central tendency	The generalized concept of the "average" value of a distribution
judgment	The decision of the Court.
mail order insurer	Type of insurance company that sells policies through the mail or other mass media, eliminating need for agents.
residuals	A residual is the difference between the observed value of a response measurement and the value that is fitted under the hypothesized model
operational definition	A statement of precisely which observable characteristics will be measured, and the process for assigning a value to the concept.
data warehouse	A data warehouse is a copy of transaction data (in most of the cases) specifically structured for querying and reporting.
out-migration	The movement of people out of a geographic area.
place of public worship	It is clearly correct to take into account the principal use of the properties in considering the context of "place"
deposit	Payment of money or other valuable consideration as pledge for fulfillment of contract.
ppo	Preferred provider organization (PPO) plans take responsibility for providing health benefits-related services to covered individuals and for managing a practitioner network
variable universal life insurance	Similar to universal life in that the policy owner chooses the premium to be paid each period, and has the option to increase or decrease the policy death benefit
voucher	Document to be exchanged for goods or services, substantiating that payment has already been made
projected rates	Policy payment that is currently being charged by the company after the guarantee period.
mor	Method of Reimbursement
premium	The amount paid to an insurer or reinsurer in consideration of his acceptance of a risk.
normalization	The process of dividing a frequency by a sample size to get a probability.
distribution	A representation of the frequency of occurrence of values of a variable, especially of a response.
transformation	A transformation of data values is done by applying the same function to each data value, such as by taking logarithms of the data.
bx	Base Exchange
median remaining lifetime	For survival studies using life tables, the median remaining lifetime for an interval of the life table is the estimate of the additional elapsed time before only half the individuals alive at the beginning of current interval are still alive
dod	Department of Defense
logos	Greek for word; symbol for Christ, the Word made flesh
group term life insurance	Most common form of group life insurance
sous	Small French coins; equal to a nickel
data-driven	The property of requiring data and facts, but not requiring subjective opinions
spp	Scheduled Partial Payment
random sampling	See probability sampling.
pal	Privatization of Army Lodging
current ratio	a liquidity ratio that measures a company’s ability to pay short-term obligations
data item	is a characteristic (or attribute) of a data unit which is measured or counted, such as height, country of birth, or income.
expense loading	See Loading.
ad hoc group	See Pre-formed Group.
insurrection	rebellion against the government that is not as violent as a revolution
statistics: power from data!	A product from Statistics Canada that will assist readers in getting the most from statistics.
fas	Field Advisory Service
xml	Extensible Markup Language
actuarially fair	The price for insurance that exactly represents the expected losses.
measures of spread	describe how similar or varied the set of observed values are for a particular variable (data item).
binder	A written or oral contract issued temporarily to place insurance in force when it is not possible to issue a new policy or endorse the existing policy immediately
leaf node	A node not further split -- the terminal grouping -- in a classification or decision tree.
service	The performance of work or duties for a better or as a servant
assumption certificate	An endorsement to an insurance contract stat ing that reinsurance proceeds will be paid directly to the named payee in the event of an insurer's insolvency.
valuation	The act or process of determining the value of a business, business ownership interest, security, or intangible asset.
pin	Personnel ID Number
equity	the owner's interest in property after deduction of all liabilities.
vested commissions	Renewal commissions payable to the writing agent or his estate, whether or not he remains with the company.
insuring clause	The clause that sets forth the type of loss being covered by the policy and the parties to the insurance contract.
iacvb	International Association of Convention & Visitors Bureaus.
investment value	the value to a particular investor based on individual investment requirements and expectations
prospectus	A guide to the various sub-accounts and other required information by the National Association of Security Dealers (FINRA) and Securities and Exchange Commission (SEC)
nonlinear regression	In a nonlinear regression, the fitted (predicted) value of the response variable is a nonlinear function of one or more X variables.
gbl	Government Bill of Lading
mode of premium payment	The frequency with which premiums are paid— monthly, quarterly, semiannually, or annually
destination management company	A for-profit company that operates similar to a CVB by providing planning and execution services for the convention and meeting market.
acquisition costs	The insurer's cost of putting new business in-force, including the agent's commission, the cost of clerical work, fees for med ical examinations and inspection reports, sales promotion expense, etc.
interaction	A property of a physical process (of a model describing such a process) wherein the average (or predicted average) change in the response from changing a particular input factor depends on the values of other input factors.
statutory reserve	Reserves calculated on the basis of state requirements.
linear correlation	A measure of how well data points fit a straight line
cfa	CFA Institute designation.
lease interest	The interest held by the lessee (the tenant or renter) through a lease conveying the rights of use and occupancy for a stated term under certain conditions
net tangible asset value	the value of the business enterprise’s tangible assets (excluding excess assets and non-operating assets) minus the value of its liabilities.
iaw	In Accordance With
fso	Financial Services Officer
capacity	The amount of capital available to an insurance company or to the industry as a whole for underwriting general insurance cover age or coverage for specific perils.
interest	Money paid for the use of money.
two-sample problem	In the two-sample problem, two independent random samples are collected, and then the samples are used to test a hypothesis about the populations from which the samples came (e.g., whether the means of the two populations are identical).
in control	The opposite of being out of control.
home office	The place where an insurance company maintains its chief executives and general supervisory departments.
merger and acquisition method	a method within the market approach whereby pricing multiples are derived from transactions of significant interests in companies engaged in the same or similar lines of business.
risk classification	The process by which a company decides how its premium rates for life insurance should differ according to the risk characteristics of individuals insured (e.g., age, occupation, sex, state of health) and then applies the resulting rules to individual applications
gerrymandered	an area divided among different groups so as to give one group an advantage because more people of that group live in a certain part
ebit / sales	[Net Income + Taxes + Interest Expense] / [Sales] (also known as Operating Profit Margin)
surplus lines insurance	Products are sold by authorized nonadmitted companies
financial risk	The degree of uncertainty of realizing expected future returns of the business resulting from financial leverage.
period	a designated length of time in history.
rooms	Any room dedicated to overnight stays (e.g., that has a bed), whether for personal or commercial use and whether or not it is offered in combination with an ensuite bathroom.
lut	Limited User Test
instrument	(a) a Crown grant or other transfer of Crown land, and
disposition	The class of product decisions that evaluate what is to be done with production material that has been manufactured outside specification
net present value	Means of evaluating which products offer the lowest cost, taking into account the time value of money for the life of the policy.
amortization	(1) The paying off of debt in regular installments over a period of time
co-op tour	Selling a tour through a number of wholesalers, cooperatives or other outlets in order to increase sales and reduce the possibility of tour cancellations
ordinal variables	Variables whose values have an inherent hierarchy or order, but whose consecutive values are not assumed to measure equal intervals or amounts of the property being measured
sights	A device used to help aim by guiding the eye, as on a firearm or surveying instrument
majority control	The degree of control provided by a majority position.
limited appraisal	the act or process of determining the value of a business, business ownership interest, security, or intangible asset with limitations in analyses, procedures, or scope.
rrt	Ready Reserve Travel
convertible term insurance	Term insurance that can be exchanged, at the option of the policyholder and without evidence of insurability, for another plan of insurance
open observation	The observing of people who know they are being watched
test error	The estimate of error based on the difference between the predictions of a model on a test data set and the observed values in the test data set when the test data set was not used to train the model.
unified credit	A one-time credit of $192,800, usually applied against federal estate taxes that is available to every individual's estate
census	The method of data collection that involves assessing all the units in the sample frame, i.e
irrevocable beneficiary	Beneficiary designation allowing no change to be made in the beneficiary of an insurance policy without the beneficiary's consent.
krampus	Frightening figure, dressed in fur, with horns and chains, who comes with St
disclosure	The duty of the insured and his broker to tell the underwriter every material fact before acceptance of the risk.
variation	Rational subgroups of size 2 to 6 are the most common
naca	National Air Carriers Association.
second amendment	the controversial amendment to the US Constitution that relates to the citizen's "right to bear arms"
raw data	Information that has not yet been organized, formatted, or analysed.
executive meeting manager	A manager who handles small group meetings that usually require up to 99 sleeping rooms for a corporate group, and up to 149 sleeping rooms for an association group.
possession	Having control over a thing with the intent to have and to exercies such control
validation	The process of testing the models with a data set different from the training data set.
poe	Port of Embarkation
capitalization rate	any divisor (usually expressed as a percentage) used to convert anticipated economic benefits of a single period into value.
air transportation	A segment of a continuing trip which requires a change of aircraft, but not necessarily a change of airline.
relative frequency	describes the number of times a particular value for a variable (data item) has been observed to occur
covariate	A covariate is a variable that may affect the relationship between two variables of interest, but is not of intrinsic interest itself
proportional reinsurance	A type of reinsurance where the ceding insurer cedes to its reinsurer a predetermined proportion of the liability and premium of those policies subject to the reinsurance agreement.
polytheism	belief in many gods.
cross liability clause	Obligates an insurer to protect each insured separately.
map	Military Advisory Pannel
bq	Bachelor Quarters
gmr	Government Meal Rate
split	A group of experimental units that is processed in identical fashion
fallujah	town in Iraq that was site of an ambush in the Iraq War (April 2004) when Iraqi fighters dragged four American contractors from their vehicle, killed them and paraded their burned bodies through the streets, resulting in massive bombing and chemical weapon retaliation by American forces
redemption	The Redemption Period is a one-year period provided immediately following forfeiture, during which the former owner or registered charge holder can pay all the outstanding property taxes and the title of the property will be restored to the former owner (redemption). (Ministry of Finance-Property Taxation Branch)
data unit	is one entity (such as a person or business) in the population being studied, about which data are collected.
observation	Data collected for a given variable.
rita	Relocation Income Tax Allowance
tickler system	A method for monitoring reservations and payments that’s arranged by date and points out late payments so customers can be contacted.
labour force	Refers to the labour market activity of the population 15 years of age and over, excluding institutional residents, in the week containing the 15th day of the month prior to Census Day
cto	Commercial Travel Office
economic impact study	Research into the dollars generated by an industry and how these dollars impact the economy through direct spending and the indirect impact of additional job creation and the generation of income and tax revenue.
index	A mathematical device or number which is used to express the observation (eg., price level, volume of trade, relative amount etc.) of a given period, in comparison with that of a base period
dinner	The chief meal of the day, eaten after sunset or at midday.
classifications	are used to collect and organise information into categories with other similar pieces of information.
philoptochos	The largest organization of Greek Orthodox women; it functions at the local, archdiocesan and international level, supporting many charities and spiritually enriching its members
listing	An offering of a property for sale, generally associated with a Multiple Listing Service
intangible travel products	Products the customer cannot see, touch or experience until they are actually travelling.
quantitative	Quantitative variables are variables for which a numeric value representing an amount is measured.
capitalization	a conversion of a single period of economic benefits into value.
input tax credit	A credit which GST/HST registrants may claim for GST/HST paid or payable on purchases relating to a commercial activity.
nonresponse	The event that occurs during an experiment, survey, or observational study in which the responses (results of interest) cannot be measured or completely recorded.
deduction	Deduction infers information that is a logical consequence of the data.
ccv	Charge Card Vendor
goodwill	A business's reputation, patronage and other intangible assets that are considered when appraising the business, especially for purchase; the ability to earn income in excess of the income that would be expected from the business viewed as a mere collection of assets
person	An individual or a business entity.
seasonal factors	Changes of season, e.g
financial risk	the degree of uncertainty of realizing expected future returns of the business resulting from financial leverage
insurable risk	The conditions that make a risk insurable are (a) the peril insured against must produce a definite loss not under the control of the insured, (b) there must be a large number of homogeneous exposures subject to the same perils, (c) the loss must be calculable and the cost of insuring it must be economically feasible, (d) the peril must be unlikely to affect all insureds simultaneously, and (e) the loss produced by a risk must be definite and have a potential to be financially serious.
special cause	A source of variation that is large, intermittent or unpredictable, affecting only some of the individual values of the process output being studied
usmc	United States Marine Corps
cba	Centrally Billed Account
stock series	is a measure of certain attributes at a point in time and can be thought of as “stock takes”.
y-axis	The vertical number line on the (Cartesian co-ordinate plane.)
insurer	The party to the insurance contract who promises to pay losses or benefits
excommunication	the exclusion of an offender from participation in the life of the Church and religious services
psa	Personnel Support Activity
tour time	The time scheduled for an worker to be on duty on any day
ocr	The machine or process that scans printed characters and converts them to electronic data.
improvement districts	Public corporate bodies which operate independently of regional districts or any other administrative jurisdiction
situs	The physical location or position of a property
renewal	Continuation of the license or appointment beyond the original date of expiration.
central tendency	A measure of location of the middle or the centre of a distribution
insurance examiner	The representative of a state insurance department assigned to participate in the official audit and examination of the affairs of an insurance company.
file	In relation to a notice or record required to be filed with an assessor, the board or assessment authority, includes mail or leave with the assessor, board or assessment authority or deposit in the mail receptacle at their office
dbms	Data Base Management System
yield management	Calculating and analyzing the profits gain per customer.
outbound operator	A company that takes groups from a given city of country to another city or country.
quinquennial census	Used to describe Censuses taken at mid-decade, in years ending in the number 6
indemnification	Compensation to the victim of a loss, in whole or in part, by payment, repair, or replacement.
branch office system	Type of life insurance marketing system under which branch offices are established in various areas
time series model	A model that forecasts future values of a time series based on past values
persian wars	numerous battles between the Greeks and the Persians that took place between the 6th and 4th centuries; initially, the unified Greeks fought against Darius the Great and some Greek territories were conquered by the Persians; later, the Greeks sought to liberate some of those Persian-controlled territories; Xerxes I, leader of the Persian Empire in the late 480s BCE, amassed a colossal force against the Greeks; the Greeks defeated the Persians and successfully liberated its territories; the battles between the Persians and Greeks were chronicled by Herodotus in The Histories.
secondary information	Research data that was collected by another company or person and usually for a purpose that’s different than the research objectives and tasks at hand.
mace	A ceremonial staff carried as a symbol of office
valuation procedure	the act, manner, and technique of performing the steps of an appraisal method.
return on assets	[Net Income] / [Total Assets]
frequency	The number of times an event or item occurs in a data set.
statistic	is a value that has been produced from a data collection, such as a summary measure, an estimate or projection
boxplot	A boxplot is a graph summarizing the distribution of a set of data values
noise	In general, data is referred to as noisy when it contains errors such as many missing or incorrect values or when there are extraneous columns.
conops	Concepts of Operations
usnr	United States Navy Reserve
frequency distributions	are visual displays that organise and present frequency counts so that the information can be interpreted more easily.
group leader	An individual who has been given the responsibility of coordinating tour and travel arrangements for a group
mvic / ebitda	[Equity Price + Long Term Liabilities Assumed] / ([Net Income] + [Interest Expense] + [Taxes] + [Noncash Charges])
loss	A claim under a policy
support	The measure of how often the collection of items in an association occur together as a percentage of all the transactions
cooperative agreement	A cooperative agreement is a written legal instrument reflecting a relationship between a Federal agency and a state or local government, tribal government, or other non-federal recipient in which the principle purpose is to transfer money, property, services, or anything of value to the state or local government or other recipient to stimulate or support a public purpose authorized by federal statute
lpv	Live Process Verification
marital status	The state of being legally married (but not separated), in a common-law union, separated (but still legally married), divorced, widowed or never married (single).
sensitive methods	Methods of data analysis that are able to detect the presence of phenomena in the presence of noise, or in spite of small samples
gnosticism	In the time of the early church a way of thinking that rejected understanding the nature of Christ as established by the First Ecumenical Council
transaction method	see Merger and Acquisition Method.
financial institutions	A national bank, state bank or savings association
nun	A woman who belongs to a religious order and lives under vows of poverty, chastity, and obedience
exhaustive	When a set of events comprises all possible occurrences of a reference set the results are exhaustive
gtn	Global Transportation Network
ie	Incidental Expenses
masns	Multiple Accountable Station Numbers
step-rate premium	A rating structure in which the premiums increase periodically at predetermined times, such as policy years or attained ages.
pyramids	See age-sex pyramid.
riparian area	A streamside protection and enhancement area
premise of value	an assumption regarding the most likely set of transactional circumstances that may be applicable to the subject valuation; e.g
range	For a given set of observations, the difference between the highest and lowest values.
light-tailed	A light-tailed distribution is one in which the extreme portion of the distribution (the part farthest away from the median) spreads out less far relative to the width of the center (middle 50%) of the distribution than is the case for the normal distribution
test of independence	A test of independence for a contingency table tests the null hypothesis that the row classification factor and the column classification factor are independent
effect	The change in the average or expected value of a given response due to the change of a given factor
yos	Years of Service
sandanistas	the "people's party" in Nicaragua that led resistance to US occupation in the 1930s and was violently opposed by US-supported contra fighters in the 1980s.
home state	The District of Columbia and any state or territory of the United States in which an insurance producer maintains his or her principal place of residence or principal place of business and is licensed to act as an insurance producer.
si	Spendable Income
portfolio discount	An amount or percentage deducted from the value of a business enterprise to reflect the fact that it owns dissimilar operations or assets that do not fit well together.
oha	Overseas Housing Allowance
dtmo	Defense Travel Management Office
structural zeros	The process that creates the observations that appear in a contingency table may produce cells in the contingency table in which observations can never occur
novena	A special prayer to be offered on nine consecutive days or a cycle of prayers for nine days; a St
resistant	A statistic is resistant if its value does not change substantially when an arbitrary change, no matter how large, is made in any small part of the data
surrender charge	An amount retained by the issuer of a life insurance policy when a policy is canceled, typically assessed only during the first five to ten years of a policy.
ewts	Enterprise Web Training System
limited payment life insurance	Whole life insurance on which premiums are payable for a specified number of years or until death if death occurs before the end of the specified period.
appointment renewal	Continuation of a producer’s existing appointment based on payment of the required fee.
iap	International Airport
retaliatory	Usually pertains to licensing fees
confidence	Usually refers to the probability that some interval contains the true value of a parameter (also called interval confidence)
majcom	Major Command (Air Force)
spread	A characteristic of a sample or population; intuitively, it describes how much variability there is.
simple random sampling	A basic probability selection scheme in which each sample has an equal chance of being selected.
principal	One for whom an agent acts, especially as to contractual dealings with third persons.
individuals chart	The centerline is calculated by the median, and the upper (lower) control limits are at the centerline plus (minus) 3.15 times the median moving range
market value	Section 19 (1) of the Assessment Act of British Columbia
discount rate	a rate of return used to convert a future monetary sum into present value.
insurance department	A governmental bureau in each state or territory (and federal government in Canada) charged with administration of the insurance laws, including licensing, examination, and regulation of producers and insurers
ascesis	practice of strict self-discipline, especially for religious reasons
stigma	Stigma represents a negative influence on property value that is largely related to uncertainty and future risk
projected statements	Hypothetical statements
dtsc	Defense Travel Steering Committee
evidence of insurability	Any statement of proof of a person's physical condition and/or other factual information affecting his/her acceptance for insurance.
ratio	compares the frequency of one value for a variable with another value for the variable.
complaint	An oral or written expression of dissatisfaction related to the organization's program of measurement and action.
participating policy	A life insurance policy under which the company agrees to distribute to policyholders the part of its surplus that its board of directors determines is not needed at the end of the business year
general session	Sessions that all participants in a convention or meeting attend.
principal	The person or company who employs the agent; Re: money – constitutes the original sum invested or loaned.
exclusive	When the occurrence of one event automatically excludes the possibility of another event occurring at the same time, the results are exclusive
confusion matrix	A confusion matrix shows the counts of the actual versus predicted class values
non-response errors	Errors occurring due to non-interviews or non-responses to a specific question on a questionnaire.
license	An agreement between a licensee and a state insurance department authorizing the licensee to sell insurance under the guidelines established by the insurance laws of that state.
buy-sell agreement	An agreement made by the owners of a business to purchase the share of a disabled or deceased owner
price/earnings multiple	the price of a share of stock divided by its earnings per share.
statistical quality control	Statistical methods and procedures used to measure, monitor, assure, and document compliance with requirements.
online word association	A projective research technique where respondents are presented with stimuli words and asked to type in the first word, association, or image that comes to mind
combined ratio	Basically, a measure of the relationship between dollars spent for claims and expenses and premium dollars taken in; more specifically, the sum of the ratio of losses incurred to premiums earned and the ratio of commissions and expenses incurred to premiums written
amendment	Any change made to travel arrangements
population	As opposed to a sample.
designated responsible licensed producer	An individual in an agency who is responsible for the conduct of all the agency’s licensed members and all transactions of the agency.
craf	Civil Reserve Air Fleet
hogshead	a large cask or barrel
omission error	The error in a survey related to the failure of a respondent to provide a full and complete answer to a question, for whatever reason.
sa	System Administrator
i-drive	The name Orlando locals refer to the International Drive area.
preformed group	A tour group in existence prior to the tour, the members of which share a common bond, interest or organizational affiliation
unsystematic risk	The risk specific to an individual security that can be avoided through diversification.
economic life	the period of time over which property may generate economic benefits.
per stirpes	This means that if a beneficiary dies before the insured, that beneficiary's share of the proceed will pass upon that beneficiary's heirs rather than going to the remaining beneficiaries when the insured dies
notarized	A notary public must witness the signing of a form or document.
minimalist	one who believes in not doing things to excess, keeping things simple
camping fee	A fee levied by campground owners or managers/operators use of the campsites or RV pads and ancillary amenities.
eft	Electronic Funds Transfer
les	Leave and Earnings Statement
golf course- par 3	An average Par 3 is between 1,000 and 3,000 yards in length
repeated measures anova	In a repeated measures ANOVA, there will be at least one factor that is measured at each level for every subject in the experiement
clifford's method	The robust calculation of control limits for the individuals chart
joint tenants	A form of joint property ownership with right of survivorship, i.e., in which the survivors automatically own the share of a deceased co-owner.
rank tests	Rank tests are nonparametric tests that are calculated by replacing the data by their rank values
lsp	Lodging Success Program
genetic algorithms	A computer-based method of generating and testing combinations of possible input parameters to find the optimal output
usn	United States Navy
sddc	Surface Deployment and Distribution Command
unearned premium	The portion of a premium that a company has collected but has yet to earn because the policy still has unexpired time to run.
response	The measured output of a process or experiment
medical groups	A group of physicians comprised of more than one practice site
proctor survey	A method of administering a survey in which the respondents are placed into a room that is attended by a person, a proctor
cots	Commercial Off the Shelf
measures of shape	describe the distribution (or pattern) of the data within a dataset.
non-tobacco status	No cigarette or tobacco usage based upon company guidelines.
sampling variation	The variation shown by different samples of the same size from the same population.
discounted future earnings method	a method within the income approach whereby the present value of future expected economic benefits is calculated using a discount rate.
reinsurance intermediaries	A reinsurance intermediary acts as a broker in soliciting, negotiating or procuring the writing of any reinsurance contract or binder
accuracy	The extent to which the results of a calculation or reading of an instrument approach the true values of the calculated or measured quantities and are free from error
ccp	Contract City Pair
intranet	A private, internal Internet with the privacy and security of an in-house system
replacement cost new	the current cost of a similar new property having the nearest equivalent utility to the property being valued.
adventure tour	A tour designed around an adventurous activity such as raft riding, hiking or ballooning.
pluralism	characterized by diverse groups
comparability	is the ability to validly compare statistics that have been collected over time, or from different sources.
capitalization factor	any multiple or divisor used to convert anticipated economic benefits of a single period into value.
baby boomer	Generally, those persons born following World War II between the years 1946 and 1966.
ebt	Operating Profit minus Interest Expense.
individual insurance	Policies that provide protection to the policy holder and/ or his/her family
commissioner	A state officer who administers the state's insurance laws and regulations
lis pendens	(legal phrase, Latin.) Notice of the commencement of a Court action recorded on the title of the property in the land registry office (also referred to as a certificate of pending litigation).
sale - foreclosure sale	The sale of a mortgaged property resulting from mortgage foreclosure, authorized by a court decree or a power-of-sale clause, to satisfy the debt
centurion	officer in the powerful army of the Roman Empire
paramedical examination	Physical examination of an applicant by a trained person other than a physician.
statutory right of way	"statutory right of way" means an easement without a designated dominant tenement registerable under section 218 (excerpt below).
shopping center	A tract of land, under individual or joint real estate ownership or control, improved with a coordinated group of retail buildings with a variety of stores and free parking
lease	A lease is any agreement which gives rise to relationship of landlord and tenant (or lessor and lessee) of real property; contract for exclusive possession of lands or tenements for determinate period
expansionist	seeking to increase power, influence, territory
standard of value	the identification of the type of value being used in a specific engagement; e.g
pmo-dts	Program Management Office-Defense Travel System
crl	Certificate Revocation List
joint tenancy	Ownership of land by two or more persons whereby, on the death of one, the survivor or survivors take the whole estate.
partially open question	In a survey, a question format that poses a question, structures the answer somewhat, but also admits the respondent to reply verbally
state of domicile	State in which insurer or agency was organized and founded.
pd	Per Diem Determination
pegging	Pegging is a practical smoothing device used to arbitrarily increase the actual dividend(s) paid on a new lower dividend scale to eliminate a temporary reduction in the actual dividends paid from year to year on a policy
ldta	Lead Defense Travel Administrator
practice site	An office or facility where one or more practitioners provide care or services.
gta	Government Transportation Account
persistency bonus	An enhancement to the policy's benefits, usually in the form of additional interest credits and/or reduced charges, for policies that remain in-force for a certain period
privy council	the Council that advised the King or Queen and was responsible for administrative government tasks.
ecotourism	A type of tourism in which vacationers travel to unusual places to observe ecological systems and endangered wildlife species in their natural habitat.
economic benefits	Inflows such as revenues, net income, net cash flows, etc.
assignment of commission	Some states allow commission payments to be assigned (made payable) to another party.
managing general agent	A person, firm, association or corporation having authority to supervise, hire and terminate producers for an insurer
poc	Point of Contact
induction	A technique that infers generalizations from the information in the data.
leg	Portion on a journey between two scheduled stops
fisher's exact test	Fisher's exact test for a 2x2 contingency table is a test of the null hypothesis that the row classification factor and the column classification factor are independent
primary care	The level of care that encompasses routine care of individuals with common health problems and chronic illnesses that can be managed on an outpatient basis.
voluntary market	The market where one seeking insurance obtains insurance in the open market with no help from the state, through an insurer of his or her own selection.
non refundable	A fare that cannot be refunded also in cash or via a credit card credit; very seldom is there an exception.
subagent	The agent of an agent.
paired samples	Pairing involves matching up individuals in two samples so as to minimize their dissimilarity except in the factor under study
html	Hypertext Markup Language
consultant	A licensee paid to examine policy benefits, advising or counseling clients about their benefits and advantages or disadvantages of various insurance policies.
ftp	File Transfer Protocol
mixture distribution	A mixture distribution is a distribution for which observed values can come from one of multiple distributions
real estate	Physical land and appurtenances attached to the land, e.g., structures
lqa	Living Quarters Allowance
conservative	A hypothesis test is conservative if the actual significance level for the test is smaller than the stated significance level of the test
fmr	Financial Management Regulation
neoliberalism	an economic philosophy that emphasizes giving private enterprise (corporations) great power and freedom to act without regulation
pdc	Passive data collection, sometimes called a prospective observational study
automatic reinsurance	An agreement that the insurer must cede and the reinsurer must accept all risks within certain explicitly defined limits
error	An assertion or belief that does not conform to objective reality; a belief that what is false is true or that what is true is false
environmental risk assessment report	A report which identifies the potential onsite and offsite environmental risks of any specified substances causing contamination before and after remediation, and procedures, including monitoring, designed to mitigate any significant potential risks so identified. (Contaminated Site Regulation, s
experiment	Experimental factors are particularly those variables that are deliberately manipulated during the experiment
decision tree	A tree-like way of representing a collection of hierarchical rules that lead to a class or value.
underwriter	Underwriters are the professionals upon whose experience and judgment the market depends for its expertise and reputation
s/a	Service/Agency
overrecruit	To recruit extra people for focus groups to compensate for the probability that not all respondents will show up.
guaranteed purchase option	Benefit that can be added to a life insurance policy permitting the insured to purchase additional amounts of life insurance at specified times in the future without requiring evidence of insurability.
grace period	A period of time after a premium due date, usually 30 or 31 days, during which an insurance policy remains in-force and the overdue premium may be paid without penalty.
personal computer	A general-purpose, single-user microcomputer designed to be operated by one person at a time.
boa	Bank of America
key person discount	an amount or percentage deducted from the value of an ownership interest to reflect the reduction in value resulting from the actual or potential loss of a key person in a business enterprise.
ethical commitments	An understanding of ethical issues relating to a sale
polynices	(see entry (3) in Perseus Encyclopedia) son of Oedipus and Jocasta; cursed by his father never to live in peace with his brother, Eteocles; the two brothers killed one another.
gex	Global Exchange
ais	Automated Information System
non-operating assets	Assets not necessary to ongoing operations of the business enterprise
other-specify questions	A question that presents a precoded list of answers, but also gives the respondent the option to "write in" an answer if desired.
golf revenue	All sources of income related to golf - green fees, memberships, tournament income - excludes initiation fees.
binding receipt	A receipt given for a premium payment accompanying the application for insurance
universal life insurance	A flexible premium life insurance policy under which the policyholder may change the death benefit from time to time (with satisfactory evidence of insurability for increases) and vary the amount or timing of premium payments
first sale	Residential strata properties which are "pre-sold" may reflect "below market" pricing; Developers may use this strategy for the first few sales to encourage interest in their project.
group ordinary life insurance	Group insurance plan providing life insurance for employees
riparian rights	Pertain to the rights and privileges that are incidental to the ownership of land fronting on a body of water
quartiles	divide an ordered dataset into four equal parts, and refer to the values of the point
budgeted income statement	A budget that tracks revenues and expenses
rate	is a measurement of one value for a variable in relation to another measured quantity.
dads	Defense Accounting and Disbursing System
valuation approach	A general way of determining a value indication of a business, business ownership interest, security, or intangible asset using one or more valuation methods.
unsupervised learning	This term refers to the collection of techniques where groupings of the data are defined without the use of a dependent variable
gauge study	A synonym for a metrology study.
left-hand side	When an association between two variables is defined, the first item is called the left-hand side (or antecedent)
training	Another term (also learning) for estimating a model's parameters based on the data set at hand.
product-limit method	For survival studies, the product-limit (Kaplan-Meier) estimate of survival is calculated by dividing time into intervals such that each interval ends at the time of an observation, whether censored or uncensored
factor level	In experimental design, the value that an input variable or factor takes on.
required rate of return	The minimum rate of return acceptable by investors before they will commit money to an investment at a given level of risk.
mainframe	A computer with extensive capabilities and resources to which other computers may be connected so that they can share facilities.
subdivision	The division of land into two or more parcels.
naic compliant state	A state that has passed the NAIC model illustration regulations.
processing	A procedure which results in a change in the nature or appearance of the goods and treatment which makes the goods more marketable
noise factor	Especially in an experiment, a factor or process input that can be either difficult or inconvenient to control
convenience store	The term refers to a convenience store or a retail outlet, typically located in proximity to a residential neighbourhood, where convenience goods can be purchased; provides a convenient location and longer hours for the quick purchase of a wide array of consumable goods and services.
death density function	The death density function is a time to failure function that gives the instantaneous probability of the event (failure)
cancellation	The discontinuance of an insurance policy before its normal expiration date, either by the insured or the company.
episode treatment group	A patient case-mix based classification system that adjusts for patient severity, intensity, and complexity
adjusted net asset method	see Adjusted Book Value Method.
process	Control limits are calculated from process data.
fmrs	Fair Market Rents
sacristy	room in church where holy items are kept
prologue	the opening in ancient tragedy and comedy, usually in the form of a soliloquy or a dialogue; a way to convey the dramatic setting and situation of the play and introduce the background of the main characters .
adsn	Accounting and Disbursing Station Number
parthenon	the temple of Athena on the Acropolis in Athens; begun in 449 BCE, it was dedicated in 438 but did not finish construction until 432 BCE; a large cult statue by the famous sculptor Phidias was kept in the Parthenon and beautiful friezes decorated the temple.
consumers	Individuals who can use the information resulting from measurement to aid in their choice of a health plan, physician or hospital
irregular effect	is any movement that occurred at a specific point in time, but is unrelated to a season or cycle.
incontestability	Life policies provide that, except for non-payment of premiums and certain other circumstances, the policy shall be incontestable after the policy has been in-force for two years during the life time of the insured.
distribution	It estimates the square root of the average squared deviation from the distribution average, sometimes called the root-mean-square
ftr	Federal Travel Regulation
sensitivity study	An investigation of a process that identifies how strongly the input parameters affect one or more desired output characteristics.
graded commission scale	A commission scale providing for payment of a high first-year commission and lower renewal commissions.
glamer	Group Leaders of America Travel Show www.glamer.com
distress sale	A form of liquidation in which the seller receives less for the goods than what would be received under normal sale conditions; esp
capital and financial account	The capital and financial account mainly comprises of transactions in financial instruments
land operator	A company or individual providing such services as hotel accommodations, sightseeing, transfers and other related services, exclusive of transportation to and from a given destination
gds	Global Distribution System
independent tour	An unescorted tour sold through agents to individuals
proportionality	being appropriate, not extreme; being in balance or harmony
kohonen feature map	A type of neural network that uses unsupervised learning to find patterns in data
online pseudo-depth interviews	A qualitative research technique disguised as a quantitative online survey
availability	When a traveller wants to make a booking it is necessary to first check the dates that the product or service is available
gross premium	The full amount of premium, ignoring taxes or deductions.
hospital	A non-profit institution that has been designated as a hospital by the minister and is operated primarily for the reception and treatment of persons:
rpc	Retail PMCE Schedule
landlord	The person from whom another holds tenancy.
gdp	Gross Domestic Product; a measure of a nation's wealth
economic life	The period over which improvements to real property contribute to property value
personal selling	Oral presentation to the customer for the purpose of selling.
rotatable	The property of an experimental design that minimizes the correlation among the terms of a full quadratic model, (including interactions), thereby allowing one to select some terms without regard to the significance of other terms
poc	Privately Owned Conveyance
family limited partnership	a type of partnership designed to centralize family business or investment accounts
retained earnings	the percentage of net earnings not paid out as dividends, but retained by the company to be reinvested in its core business or to pay debt
sample survey	A collection of information from only part of a population.
insurance guaranty funds	State funds that provide for the payment of unpaid claims of insolvent insurers.
cbv	Canadian Institute of Chartered Business Valuators designation.
mixed models	Factors in an analysis of variance (ANOVA) may be either fixed or random
liquidity discount	see Discount for Lack of Liquidity
fair market value	The price at which a business passes from a willing seller to a willing buyer
hahn estimator	A nonparametric estimate of average outgoing quality based on the binomial distribution and an assumption of an unobserved distribution on the binomial distribution's parameter p.
control group	the set of observations in an experiment or prospective study that do not receive the experimental treatment(s)
taxation year	The calendar year to which an assessment roll applies for the purposes of taxation as referred to in section 3 (2) (Assessment Act, s
adjuster	A person, usually a salaried employee, who settles or adjusts claims.
patient case mix	Distribution of patients within a health care or medical provider facility
mutual company	An insurance company owned by the policyholders.
survey	The collection of information about characteristics of interest from some or all units of a population, using well-defined concepts, methods and procedures, and the compilation of such information into a useful summary form.
m&ie	Meals and Incidental Expenses
permanent life insurance	Type of life insurance (other than term insurance) that accrues cash value and is designed for long-term, or permanent, needs of a policyholder
local area network	A communications network that serves users within a confined geographical area
pictor	(Latin) painter; this word is linked to the Latin verb pingo, which means to paint or depict and whose fourth principle part is pictum.
pos/ack	Positive Acknowledgement
privacy	(1) The right to be let alone; (2) in insurance contexts, the right to fair personal information practices.
nonresident license	A license issued to an individual who is not a resident of that state.
capital expenditure	Investments of cash or the creation of liability to acquire or improve an asset, e.g., land and buildings
fortuitous loss	Unforeseen and unexpected loss that occurs as a result of chance.
overfitting	A tendency of some modeling techniques to assign importance to random variations in the data by declaring them important patterns.
chattels	An article of personal property, as distinguished from real property
pi	Pricing Instructions
limited liability company	A type of organization that has characteristics common to both corporations and partnerships
need	Something necessary for a person’s physical or mental comfort (a logical decision).
incentive tour	A trip offered as a prize, usually by a company to stimulate employee sales or productivity.
ctw	Constructed Travel Worksheet (formerly Constructive)
temporary license	A resident applicant may apply for and receive a temporary license in some states prior to meeting the prelicense education and license examination requirement.
exposure	Unit of measurement used in insurance pricing.
afb	Air Force Base
median	is the
unisex rates	Rates that are used for both males and females.
column graph	A vertical bar graph
icw	In Conjunction With
group permanent plan	Type of pension plan in which cash value life insurance is issued on a group basis and cash values in each policy are used to pay retirement benefits when a worker retires.
blocking	The practice of partitioning an experiment into subgroups, each of which is restricted in size, time, and/or space
non-admitted assets	Assets that are not recognized by regulatory authorities in assessing solvency and include items such as furniture, certain equipment, and agent's balances
fair value	the value of the shares immediately before the effectuation of the corporate action to which the shareholder objects using customary and current valuation concepts and techniques generally employed for similar businesses in the context of the transaction requiring appraisal, and without discounting for lack of marketability or minority status except, if appropriate, for amendments to the certificate of incorporation pursuant to section 13.02(a)(5)
odbc	Common standard for relational databases, giving programs a standard interface for querying and extracting data from any ODBC-compliant database.
ncqa	National Committee for Quality Assurance
sgmp	Society of Government Meeting Planners
non-admitted insurance company	An insurance company not licensed to do business in a particular state; such a company, however, may sell excess and surplus insurance in that state if admitted insurers lack the capacity or expertise.
risk-free rate	The rate of return available in the market on an investment free of default risk.
lps	Living Pattern Survey
group contract	A contract of insurance made with an employer or other entity that covers a group of persons identified as individuals by reference to their relationship to the entity.
member	A person insured or otherwise provided coverage by a health plan.
interview survey	A method of administering a survey in which the respondent is interviewed verbally and the answer recorded by the survey taker.
strata accommodation property	Name or acronym for those strata lots which do not qualify to be grandfathered into Class 1 under s
fplp	Federal Premiere Lodging Program
ogive	The curve on a frequency distribution graph
inventory	Anything constituting inventory for the firm including raw material, work in progress and finished goods
voidable policy	Where the underwriter or insured has the right to avoid a policy (for example in the event of a breach of utmost good faith) the policy is termed "voidable."
dtc	Defense Travel Center
confidentiality	refers to the obligation of organisations that collect information to ensure that no person or organisation is likely to be identified from any data released.
cba	Institute of Business Appraisers designation.
vfrm	Visiting friends and relatives of the military.
excess earnings method	a specific way of determining a value indication of a business, business ownership interest, or security determined as the sum of a) the value of the assets derived by capitalizing excess earnings and b) the value of the selected asset base
strategic plan	A report that describes a company’s mission statement, goals, objectives and strategic actions.
mis	Management Information System
omnibus study	A periodic study that asks questions on a number of unrelated subjects
active member	A member of an agency who holds a valid license and appointment, and is actively involved in the daily activities of the agency.
latin hypercube design	An experimental design consisting of n trials, and for which each factor has n distinct levels
pomeridianus	(Latin) in the afternoon; this word is tied to the two Latin words post, meaning "after", and meridianus, which means "noon".
accelerated death benefit rider	Rider that allows payment of a por tion of the face amount prior to the death of the insured, if the insured is diagnosed with a terminal illness or injury.
patina	Paten, plate used for bread used in the sacrament of the Eucharist
entropy	A way to measure variability other than the variance statistic
estate	The assets and liabilities of a person left at death.
half storey	The topmost (above grade) floor in a building that is resident over an existing storey with oblique walls or vertical walls less than 8 feet but greater than 4.5 feet in height
dmc	A local company that handles arrangements for tours, meetings, transportation, etc
bishopric	Office or rank of a bishop
process	Sometimes also called a critical process step.
rdt&e	Research, Development, Test and Evaluation
quality control	The set of operations required to ensure that error levels, introduced as a result of a survey operation, are controlled within specified levels.
initial reserve	In life insurance, the reserve at the beginning of any policy year.
broker/dealer	A firm that acts as an intermediary between buyers and sellers of securities for both the general public and other broker/dealer firms.
process	See also capability study.
mho	Military Housing Offices
gramm-leach-bliley act	A federal law adopted in 1999 that required states to develop either a reciprocal or uniform approach to nonresident insurance producer licensing by November 12, 2002.
ceding insurer	One who cedes a risk to his reinsurers or retroces sionaires.
life insurance programming	Systematic method of determining the insured's financial goals, which are translated into specific amounts of life insurance, then periodically reviewed for possible changes.
market multiple	The market value of a company's stock or invested capital divided by a company measure (such as economic benefits, number of customers).
validity	The time frame a rate, quote, special offer, brochure or flier is valid for.
swot analysis	A summary of a company’s strengths and weaknesses, and the environmental opportunities and threats that will most influence it.
strength	For an orthogonal array, the largest dimension t such that any subset of t factors is a full factorial design.
sales / total assets	[Sales] / [Total Assets] (also known as Asset Turnover)
bishop	The highest order of ministry; supervises a number of local churches; guards the faith, unity, and discipline of the whole church
related appeals	• Unresolved appeals of the same property in previous years • Appeals that are dependent upon the results of other appeals
viatical settlement	Payment of a portion of the proceeds from life insurance to an insured who is terminally ill.
jd	Joint Determination
return on equity	the amount, expressed as a percentage, earned on a company's common equity for a given period.
business insurance	A policy that primarily provides coverage of benefits to a business as contrasted to an individual
causation	indicates that one event is the result of the occurrence of the other event; i.e
ao	Authorizing Official
convenience sample	In a survey, the selection of observational units according to the convenience of the investigator or the interviewer
fraternal society	A social organization that provides insurance for its members.
histogram	A graph that consists of a series of columns, each having a class interval as its base and frequency of occurrence as its height
id	Identification
independent agent	An individual, acting as an agent who is not employed by an agency.
incontestable clause	A policy provision in which the company agrees not to contest the validity of the contract after it has been in-force for a certain period of time, usually two years.
resource use	The amount of health care services used; these measures may consider the relative intensity or cost of services in addition to the count of services, such as the difference in intensity between a major surgery and a 15-minute office visit.
resubstitution error	The estimate of error based on the differences between the predicted values of a trained model and the observed values in the training set.
claimant	The first or third party
ca	Certification Authority
superintendent	The title of the head of the department of insurance in some states
method of maximum likelihood	The method of maximum likelihood is a general method of finding estimated (fitted) values of parameters
plant - primary site	The primary plant site is the site containing the majority, or highest concentration of plant improvements.
inspection	The measurement of a characteristic and its comparison to a standard.
capitalization factor	Any multiple or divisor used to convert anticipated economic benefits of a single period into value.
significance level	The significance level (also known as the alpha-level) of a statistical test is the pre-selected probability of (incorrectly) rejecting the null hypothesis when it is in fact true
market capitalization of equity	the share price of a publicly traded stock multiplied by the number of shares outstanding.
characterization	Any description of a process or its measurable output that aids in the prediction of its performance.
net cash flows	when the term is used, it should be supplemented by a qualifier
foreign insurer	An insurer is a foreign company in any state other than the one in which it is incorporated.
homoscedasticity	Normal-theory-based tests for the equality of population means such as the t test and analysis of variance, assume that the data come from populations that have the same variance, even if the test rejects the null hypothesis of equality of population means
random variable	A random variable is a rule that assigns a value to each possible outcome of an experiment
estimation	Drawing larger conclusions from a sample to predict some characteristic or trend for the whole population.
floating home	Floating Home means a structure built on a flotation system, which is used for permanent residential habitation and is not intended for navigation, nor usable as a navigable craft
ssn	Social Security Number
bias	The difference between the average or expected value of a distribution, and the true value
qualitative	data are measures of 'types' and may be represented by a name, symbol, or a number code.
left-wing	political position supporting the rights of the people, especially the poor and powerless, against the power of the wealthy
sampling distribution	The distribution of a summary quantity or statistic.
fica	Federal Insurance Contribution Act
patriarchy	'father rule'; community in which the father is the supreme authority.
pooling arrangement	An agreement to divide any losses that might occur equally among two or more people, typically with each paying the average loss.
present value	the value, as of a specified date, of future economic benefits and/or proceeds from sale, calculated using an appropriate discount rate.
advent	Four weeks of preparation before Christmas; 1st season of the church year & begins four Sundays before Christmas; called Nativity Lent in Eastern tradition & begins November 15
frame	A list, map, or conceptual specification of the units comprising the survey population from which respondents can be selected
capitalization of earnings method	A method within the income approach whereby economic benefits for a representative single period are converted to value through division by a capitalization rate.
crypt	Underground room beneath the main floor of a church; used as chapel or burial place
guaranteed renewable contract	A contract that the insured person or entity has the right to continue in-force by the timely payment of premiums for a substantial period of time, during which period the insurer has no right to make unilaterally any change in any provision of the contract, while the contract is in-force, other than a change in the premium rate for classes of policyholders.
variable life insurance	A permanent whole life insurance policy under which the death benefits and/or cash values vary (the death benefit is guaranteed to be at least as large as the initial face amount) reflecting the investment experience of a separate pool(s) of assets sup porting the reserves for such policies.
admitted assets	Assets allowed by state regulatory authorities and by the National Association of Insurance Commissioner for statutory accounting statements
income approach	a general way of determining a value indication of a business, business ownership interest, security, or intangible asset using one or more methods that convert anticipated economic benefits into a present single amount.
severity	Patient's degree of illness for specific conditions (e.g., cancer stages, comorbid conditions).
short tour	A brief trip to or through a place for the reason of seeing it
over quota	The number of interviews over the quota for a particular sample cell
amex	American Express
eligible heritage property	A property designated with heritage protection under either of the Heritage Conservation Act, Local Government Act, Community Charter or Vancouver Charter.
minimum premium	The minimum periodic payment a company will allow regardless of face amount to keep a policy in-force.
suggestive selling	A sales technique describing various alternative products/destinations in a way which creates an enticing mental picture and hence desire.
rule of thumb	A mathematical formula developed from the relationship between price and certain variables based on experience, observation, hearsay, or a combination of these; usually industry specific.
non-occupational policy	Contract that insures a person against off-the-job accident or sickness
variance	A summary statistic often used to quantify spread.
cohort	is a group of data units sharing a common experience or characteristic.
cr	Change Request
theocracy	government by religious leaders
multicollinearity	In a multiple regression with more than one X variable, two or more X variables are collinear if they are nearly linear combinations of each other
lin	Line Item Numbers
grouped variable	A set of data which has been grouped or classified, according to some common qualitative or quantitative characteristics
http	Hypertext Transfer Protocol
assignment	The passing of beneficial rights from one party to another
prediction	Prediction (sometimes also called regression) is similar to classification
greater board	Means the corporate body, incorporated by an Act, with responsibility for the provision of water or sewage and drainage services
limited lines producer	A person authorized by the insurance commissioner to sell, solicit or negotiate limited lines insurance.
federal property - land	Land subject to payments in lieu of taxes
desire	Is something a person does not actually need but wants (an emotional decision).
interest option	Life insurance settlement option in which the principal is retained by the insurer and interest is paid periodically.
gross profit margin	a financial metric used to assess a firm’s financial health by revealing the proportion of money left over from revenues after accounting for the cost of goods sold
conditional receipt	A receipt given for premium payments accompanying an application for insurance
debx	Defense Electronic Business Exchange
case-mix	Risk adjustment that takes into account variations in the composition of physicians' populations, often defined by age, gender, or marital status.
sampling error	In surveys, the error that results when the selection of respondents (the sample) is biased in a way so that the population about which one wishes to make conclusions is not accurately represented.
valuation	the act or process of determining the value of a business, business ownership interest, security, or intangible asset.
termination dividend	An additional dividend payable when a policy terminates (either by maturity, death, or surrender), reflecting a return to terminating policyholders of part of the company surplus held for this policy.
retail agency	Travel company selling directly to the public, sometimes a subdivision of a wholesale and/or retail travel organization.
ta	Travel Authorization
remodel	To reconstruct, rebuild, update or alter the structure, style or functional utility of a building
smoker status	Cigarette or tobacco use based upon company guidelines.
dac	Discretionary Access Control
tanum	Travel Authorization Number
opportunity and risk analysis	An analysis of the important drivers for opportunities or risks for a brand or company.
ebitda	Earnings Before Interest, Taxes, Depreciation and Amortization - One definition of cash flow or operating profit.
jag	Judge Advocate General
sales / fixed assets	[Sales] / [Fixed Assets]
survey units	For the purpose of sample selection, the population should be divisible into a finite number of distinct, non-overlapping and identifiable units, so that each member of the population belongs to only one survey sampling unit, to be surveyed only once.
dfas	Defense Finance and Accounting Service
adjuster	A person who investigates and settles losses for an insurance carrier.
tdy	Temporary Duty
cross validation	A method of estimating the accuracy of a classification or regression model
educationals	See familiarisations.
visualization	Visualization tools graphically display data to facilitate better understanding of its meaning
premium loan	A policy loan made for the purpose of paying premiums.
sublease	A lease given by one tenant to another to create a sub-tenancy, usually only for the duration of the original tenant's lease term
opiate	a drug derived from opium, or something that acts like such a drug
distance learning	Any activity in which the learner participates in a resource education experience from a location remote from the resource in question and without the personal presence of a agency representative, i.e
mode	The most frequent value in a sample.
resident per diem fee	The daily rate residents of publicly funded facilities pay towards their care
online communities	There is no agreed upon definition of an online community, but the term generally refers to a group of people with some common interest or focus who interact online
apparatchik	term for an agent or devoted member of the Communist Party in the Soviet Union
de minimus improvement	An improvement that is so inconsequential in size or value that, in law and practice, it does not make sense to separately assess it.
interim sale date	The date on which the vendor and purchaser entered into a contract of purchase and sale.
independent living	Apartment-style accommodations that provide supportive services such as meals in a communal dining room, light housekeeping and flat linen service, 24-hour emergency response and organized activities
alternative hypothesis	The null hypothesis for a statistical test is the assumption that the test uses for calculating the probability of observing a result at least as extreme as the one that occurs in the data at hand
rotc	Reserve Officer Training Corps
to	Transportation Officer
individual contract	A contract of health insurance made with an individual called the policyholder or the insured, which normally covers such individual and, in certain instances, members of his family.
on-line spc	Techniques such as control charts that seek to monitor a process relative to its natural variation and seek to identify when the invocation of a control algorithm, either to investigate or correct for special causes, is warranted
neural network models	A highly flexible modeling method that postulates one or more layers of unobserved variables
rooming list	List of passengers' names on a tour or other group travel program submitted to a hotel indicating room by room who is rooming with whom
stupa	mound-shaped place of worship in Buddhism
turnkey	A turnkey situation is when an owner makes a property ready for a tenant to begin business by having the tenant furnish only furniture, phone and inventory, if any
market value	Section 19 (1) of the Assessment Act of British Columbia, RSBC 1996, Chapter 20, defines Actual Value as "the market value of the fee simple interest in land and improvements." The Court of Appeal of British Columbia in Standard Life Assurance Co
fixed charge coverage	(as defined by Pratt's Stats®) [Operating Profit] / [Interest Expense] (BVMarketData.com)
outliers	In a set of data, a value so far removed from other values in the distribution that its presence cannot be attributed to the random combination of chance causes.
estate planning	Developing a plan to transfer all of your property from one generation to the next or within a generation.
vulcans	aliens in the Star Trek TV series who were almost robot-like in their lack of emotion and emphasis on reason
rational subgroups	Multiple readings taken to monitor a process, including the magnitude of short term variation
pool	An organization of insurers or reinsurers through which particular types of risk are underwritten and premiums, losses, and expenses are shared in agreed-upon amounts.
scatterplot matrix	A graph of several variables that plots all pairs of variables in a corresponding scatterplot
current account	The current account covers transactions on goods, services, investment income and current transfers
sabrs	Standard Accounting, Budget and Reporting System (USMC)
responsible person	Section 45 of the Environmental Management Act
range	The range, or confidence interval, in which the final market value opinion of a property may fall; usually stated as a variable amount between a high and low value limit
pilgrimage	A journey made to a sacred place as an act of religious devotion
probate	The court-supervised process of validating or establishing a distribution for assets of a deceased, including the payment of out standing obligations.
random sample	A random sample of size N is a collection of N objects that are independent and identically distributed
node	A decision point in a classification (i.e., decision) tree
regression	A statistical method which tries to predict the value of a characteristic by studying its relationship with one or more other characteristics
teaser piece	A teaser piece can either be a rack brochure (*see “rack brochure” above), or a mailer, giveaway, or some other promotional piece that is intended to “tease” the receiver into taking a specific action.
s²	The mathematical symbol for variance.
skip person	A beneficiary who is at least two generations younger than the person making the transfer.
demographics	In surveys, information such as age, gender, place of residence, and annual income that can be taken to elucidate the responses, especially by identifying the respondent as a member of a particular group.
data visualisation	involves the visual presentation of data to communicate the stories contained in the dataset.
ga	Group Authorization
nsa	National Security Agency
confidence	Confidence of rule "B given A" is a measure of how much more likely it is that B occurs when A has occurred
layer	Nodes in a neural net are usually grouped into layers, with each layer described as input, output or hidden
target value	The ideal value of a parameter or characteristic.
population	The population is the universe of all the objects from which a sample could be drawn for an experiment
gafs	General Accounting Financial Systems
forced liquidation value	liquidation value, at which the asset or assets are sold as quickly as possible, such as at an auction.
earned premium	That portion of a policy's premium payment for which the protection of the policy has already been given
bias	An estimator for a parameter is unbiased if its expected value is the true value of the parameter
warranty	A statement guaranteed to be true in all respects
erasmus	16th-century Dutch philosopher, priest and scholar renowned for his extensive learning.
nqf	National Quality Forum
normalized financial statements	financial statements adjusted for nonoperating assets and liabilities and/or for nonrecurring, noneconomic, or other unusual items to eliminate anomalies and/or facilitate comparisons.
non-probability sampling	A sample selected by a non-probability method
tenant	One who has the temporary use and occupation of real property owned by another person (called the "landlord"), the duration and terms of the tenancy being usually fixed by a lease
viatical or life settlement	The owner of a life insurance policy sells the right to receive the death payment to a third-party
persistency	The degree to which policies stay in-force through the continued payment of renewal premiums.
miscellaneous subdivisions	The various easement, reference, or statutory right-of-way plans associated with a subdivision.
age limits	Stipulated minimum and maximum ages below and above which the company will not accept applications or may not renew policies.
public worship	...for "worship" to be "public" it must involve the coming together of people in a corporate event to which members of the public are given notice that they are invited to attend and to which members of the public feel invited
attraction	A natural or man-made facility, location, or activity which offers items of specific interest
predictability	Some data mining vendors use predictability of associations or sequences to mean the same as confidence.
2-level designs	A category of experimental designs in which the input factors take only two distinct values (two distinct levels).
investment income	The income generated by a company's portfolio of investments (such as in bonds, stocks, or other financial ventures).
absolute frequency	describes the number of times a particular value for a variable (data item) has been observed to occur.
ungrouped frequency distribution	A frequency distribution of numerical data where the raw data is not grouped.
purchasers	Entities, including employers and states, that contract with health plans to provide health care benefits and services
direct writer	Method of selling insurance directly to insureds through a company's own employees, through the mail, the Internet, or at airport booths.
hap	Homeowners Assistance Program
gaussian distribution	See normal distribution.
gnostic	Person who believes the knowledge of God is enabled by secret teachings
statutory surplus	The amount left after a company's liabilities are subtracted from assets when both those values are computed using Statutory Accounting Principles (SAP).
capital expense	The amount required to satisfy the interest on and amortization of an investment; also called capital charge
feature	A feature is the characteristic of a product, e.g
off-line spc	Techniques such as histograms, checklists, Pareto charts, capability indices, and designed experiments that are intended to characterize selected properties of a process without necessarily determining when to invoke a control algorithm to investigate or correct for special causes.
income approach	A general way of determining a value indication of a business, business ownership interest, security, or intangible asset using one or more methods that convert anticipated economic benefits into a present single amount.
admitted or authorized company	An insurance company authorized or admitted to do business in a given state.
edi	Electronic Data Interchange
vested	When the right, interest or title to the legal estate is transferred back to the owner or to any other party.
labour force participation rate	Total labour force expressed as a percentage of the population aged 15 and over
contract	A binding agreement between two or more parties for the doing or not doing of certain things
ioc	Initial Operational Capability
population	The entire set of potential observations (wafers, people, etc) about whose properties we would like to learn
policy loan	A loan made by a life insurance company from its general funds to a policyholder on the security of the cash value of a policy.
x-axis	The horizontal number line on a graph (The Cartesian co-ordinate plane.)
parcel	A lot, block, or other area in which real property is held or into which real property is subdivided and includes the right or interest of an occupier of Crown land but does not include a highway or portion of a highway
measure of central tendency	(also referred to as
basilica	A church with a privileged canonical status granted by the Pope or of a particular architectural style
time series	A series of measurements taken at consecutive points in time
risk purchasing groups	Operates under federal law
variable	is any
critical process module	A node in the process flow whose output has a significant impact on the total process
real estate	Dollar value placed on any real estate associated with the sale of the business
fundamentalism	strict adherence to a basic set of principles, such as what is written in the Bible or the Quran (holy book of Islam)
truncated distribution	A distribution is truncated if observed values must fall within a restricted range, instead of the expected range over all possible real values
rotatability	Compare to central composite designs.
statistical literacy	refers to the knowledge and skills that enable data users and producers to understand, evaluate and communicate statistical data and information.
duty-free imports	Item amounts and categories specified by a government that are fee of tax or duty charges when brought into the country.
general agency system	Type of life insurance marketing system in which the general agent is an independent businessperson who represents only one insurer, is in charge of a territory, and is responsible for hiring, training, and motivating new agents.
physical hazard	The risk associated with the subject matter of insurance.
effects	In the case of only random effects, the term variance components is often preferred.
dmdc	Defense Manpower Data Center
karyes	The largest settlement in Mount Athos; seat of the clerical and secular administration of Mount Athos
cancellation procedures	The procedures which must be followed in the event of a cancellation
conversion privilege	A privilege granted in an insurance policy to convert to a different plan of insurance without providing evidence of insurability.
moral hazards	Hazard arising from any nonphysical, personal characteristic of a risk that increases the possibility of loss or may intensify the severity of loss—for instance, bad habits, low integrity, poor financial standing.
marketability	The ability to quickly convert property to cash at minimal cost.
babington plot	a Catholic plot in 1586 to assassinate Elizabeth I and put Mary, Queen of Scots on the English throne
allotment	A certain number of rooms, cabins or other items held by an operator to sell, usually by a certain date.
katholicon or katholikon	The main temple (church building) of an Eastern Orthodox monastery or diocese
levels within factors	When a factor is used to classify subjects, each subject is assigned to one class value; e.g., male or female for the factor sex or the specific treatment given for the factor treatment
alien agency or company	An agency or company organized and domiciled in a country other than the United States.
range	is the difference between the smallest value and the largest value in a dataset.
distribution-free tests	Distribution-free tests are tests whose validity under the null hypothesis does not require a specification of the population distribution(s) from which the data have been sampled.
direct recognition	A procedure under a policy's dividends that directly reflects earnings on borrowed and non-borrowed values of that policy.
1033 consent waivers	Allows a banned person from working in the insurance business to apply to the state insurance commissioners for written consent to participate in the insurance business.
feed-forward network	A neural net in which the signals only flow in one direction, from the inputs to the outputs.
gross rate	The sum of the pure premium and a loading element.
inferential statistics	The statistical methods used for inferring population values from obtained sample values.
affinity groups	Groups sharing common interest, usually passengers who are members of an organization (see also Pre-formed Group).
mid-year discounting	A convention used in the Discounted Future Earnings Method that reflects economic benefits being generated at midyear, approximating the effect of economic benefits being generated evenly throughout the year.
stars	Standard Accounting and Reporting System (Navy)
retail agency	Travel Company selling directly to the public, sometimes a subdivision of a wholesale and/or retail travel organization.
special risk insurance	Coverage for risks or hazards of a special or unusual nature.
aea	Actual Expense Authorization
statistic	A value calculated from sample data.
oath of supremacy	Any person taking public or church office in England and Wales had to swear allegiance to the monarch as the Supreme Head or Supreme Governor of the Church of England
tangible assets	Physical assets (such as cash, account receivable, inventory, property, plant and equipment, etc).
capitalization	A conversion of a single period of economic benefits into value.
null hypothesis	The null hypothesis for a statistical test is the assumption that the test uses for calculating the probability of observing a result at least as extreme as the one that occurs in the data at hand
independent	Two random variables are independent if their joint probability density is the product of their individual (marginal) probability densities
municipal specific areas	Municipal Specified Areas are established by Order in Council as a result of a municipal incorporation
uniform licensing standards	Set of standards adopted by the Producer Licensing Working Group for the purpose of implementing uniform standards among the states.
ayatollah	highest-level religious leader in Islam
method of least squares	The method of least squares is a general method of finding estimated (fitted) values of parameters
reciprocal agreement	A mutual agreement between two states whereby producers of each state can sell insurance in the other state.
personal property	All property, except land and the improvements thereon.
fraternal life insurance	Life insurance provided by fraternal orders or societies to their members.
control factor	Especially in an experiment, a factor or process input that is easy to control, has a strong effect on the typical value of a response, and has little effect on the magnitude of its variability
piscator	(Latin) fisherman; the Roman diet relied upon fish and other seafood; the man who provided the city with fish was the piscator; this word is tied to the Latin word for “fish”, piscis.
random error	The errors that are unpredictable in an estimate
parodos	side entrance to the theater (image); also, the entrance song of the chorus in tragedy and comedy.
rfp	Request for Proposal.
free refreshments	The act of energizing or the state of being refreshed
histogram	A mapping from values to frequencies, or a graph that shows this mapping.
contingent owner	The person to succeed as owner of a life insurance policy if the original owner dies.
fee simple interest	Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat
centerpoint	In an experiment with quantitative factors, the experimental condition corresponding to all factors being set to the mid-point between their high and low values
dn	Distinguished Name
total asset turnover	this is a measure of how well assets are being used to produce revenue
art deco	style of architecture and fashion design in the 1920s and 1930s using bold geometric shapes, especially curves and arches
liquidation value	the net amount that would be realized if the business is terminated and the assets are sold piecemeal
data	Facts or figures from which conclusions can be drawn.
economic benefits	inflows such as revenues, net income, net cash flows, etc.
shuttle tours	Shuttle tours are a trip with visits to a variety of places of interest for business, pleasure, or instruction.
excess rent	The amount by which contract rent exceeds market rent at the time of the appraisal; created by a lease favourable to the landlord (lessor) and may reflect a locational advantage, unusual management, unknowledgeable parties, or a lease execution in an earlier, stronger rental market.
phaistos	an ancient city on the island of Crete that existed during the Geometric, archaic, Classical, and Hellenistic periods; the site is known for the Minoan palace and surrounding pre-palatial complex located on the site; well-preserved remains from the Geometric and Hellenistic periods were found at Phaistos; the city was destroyed by the neighboring city of Gortyn in the second century BCE; for more on Phaiston and to view images of the ancient city, follow the link below.
orderly liquidation value	Liquidation value at which the asset or assets are sold over a reasonable period of time to maximize proceeds received.
level commission scale	A commission scale providing for payment of commissions at the same rate every year the policy is in-force.
ngms	Northrop Grumman Mission Systems
insurer	The party that undertakes the losses or provides benefits or services
letter of clearance	Usually computer-generated letter stating an individual held a resident license in his or her former home state but has now canceled the license
omb	Office of Management and Budget
insurance commissioner	The top insurance regulatory official in a state.
maximum premium	The maximum periodic payment a company will require regardless of age and face amount to keep a policy in-force.
interest expense	Cost of borrowing expressed as an annual dollar amount.
dwelling	The house or other structure in which a person or persons live; a residence; abode; habitation; the apartment or building, or group of buildings, occupied by a family as a place of residence
macom	Major Command (Army)
basis	An amount attributed to an asset for income tax purposes; used to determine gain or loss on sale or transfer; used to determine the value of a gift.
escorted service	A prearranged travel program, usually for a group, with escort service
deferred compensation	Arrangements by which compensation to employees for past or current services is postponed until some future date.
amc	Air Mobility Command
clu	See Chartered Life Underwriter.
concealment	Deliberate failure of an applicant for insurance to reveal a material fact to the insurer.
business enterprise	a commercial, industrial, service, or investment entity (or a combination thereof) pursuing an economic activity.
mco	Miscellaneous Charge Order
axis of evil	term coined by President George W
outliers	Technically, outliers are examples for which one (or more) attribute value is significantly different from other (similar) examples' values for that attribute
percentage rent	Rental income received in accordance with the terms of a percentage lease; typically derived from retail store and restaurant tenants and based on a percentage of their gross sales
exploratory analysis	Looking at data to discover relationships not previously detected
interest-adjusted method	Method of determining cost to an insured of a life insurance policy that considers the time cost of money by applying an interest factor to each element of cost
database	An organized and sorted list of facts or information; usually generated by a computer.
reference group	A group of observations, or a group that could be observed, that serves as a point of comparison in a study
usafr	United States Air Force Reserve
coi	Critical Operational Issues
marketability	the ability to quickly convert property to cash at minimal cost.
capacity	In the context of industrial property classification, the production capability for which the facility was designed
manufactured home park	A Manufactured Home Park is "land used or occupied by a person for the purpose of providing space for the accommodation of one or more manufactured homes and for imposing a charge or rental for the use of the space." (Manufactured Home Tax Act, s
process capability study	A study that quantifies the common cause variability of a process
resident license	A license issued to an individual who lives in the state where the license is issued.
return on invested capital	the amount, expressed as a percentage, earned on a company's total capital for a given period.
market rental rate	The most probable Rent which a leased property should bring for the relevant lease term in a competitive and open market under all conditions requisite t a fair lease transaction, the lessee and lessor each acting prudently and knowledgeably, and assuming the Rent is not affected by undue stimulus between the parties
administrative by-product	Data available from the information recorded in administrative records, applications, reports, etc.
trust	A legal instrument allowing one party to control property for the benefit of another.
binary variable	A binary random variable is a discrete random variable that has only two possible values, such as whether a subject dies (event) or lives (non-event)
surrender	To terminate or cancel a life insurance policy before the maturity date
data coding	Raw data entered into a computer may need to be coded
death benefit	A payment made to a designated beneficiary upon the death of the employee annuitant.
minority interest	An ownership interest less than 50% of the voting interest in a business enterprise.
independent adjuster	One who adjusts losses on behalf of companies but is not on their payroll
endowment	Life insurance payable to the policyholder if living, on the maturity date stated in the policy, or to a beneficiary if the insured dies prior to that date.
farm development plan	A plan filed with the Assessor under section 8 of the Classification of Land as a Farm Regulation.
carrying capacity	Carrying capacity refers to the number of visitors that can adequately be accommodated with existing infrastructure including lodging, dining, public bathrooms, roads, parking, etc.
t3hd	Tier 3 Help Desk
statistical standard	is a set of rules used to standardise the way data are collected and statistics are produced.
validity	In questionnaire development theory, validity is a measure of how well the questionnaire measures what it says it measures
reinstating a license	A lapsed license may be reactivated in some states without repeating the prelicense education and license exam requirements, as long as it is done within a defined time period
age–sex pyramid	A graph designed to represent the age structure of a population
coverage error	In surveys, the error that results when the pool of potential respondents (the sample frame) does not match the population to which one wishes to make generalizations.
right-wing	political position supporting the wealthy and those in power
family policy	A life insurance policy providing insurance on all or several family members in one contract, generally whole life insurance on the principal breadwinner and small amounts of term insurance on the other spouse and children, including those born after the policy is issued.
non-disclosure	Failure by the insured or his broker to disclose a material fact or circumstance to the underwriter before acceptance of the risk.
trim	To remove outliers from a dataset.
dii	Defense Information Infrastructure
loan value	The amount that can be borrowed at a specified rate of interest from the issuing company by the policyholder, using the value of the policy as collateral
fingerprints	A process of checking an applicant’s fingerprints for possible criminal history as required in some states prior to issuing a license.
fixed interest rate	An interest rate that does not fluctuate with general market conditions.
multilateralism	belief thatÂ a country should act with other countries and make decisions as a group in a particular action
sample	is a subset of units in a population, selected to represent all units in a population of interest.
ram	Random Access Memory
lexicon	vocabulary; the words you are familiar with
avsp	Alaska Visitors Statistics Program, a visitor study conducted by the State of Alaska, Division of Community and Business Development.
adp	Automated Data Processing
roa	Read Only Access
metochion	Parish church or monastery that is dependent on a particular monastery for blessing and support
heavy-tailed	A heavy-tailed distribution is one in which the extreme portion of the distribution (the part farthest away from the median) spreads out further relative to the width of the center (middle 50%) of the distribution than is the case for the normal distribution
mid-year discounting	a convention used in the Discounted Future Earnings Method that reflects economic benefits being generated at midyear, approximating the effect of economic benefits being generated evenly throughout the year.
raki	A non-sweet, anise-flavored alcoholic beverage popular in Turkey, Bosnia and throughout the Balkans as an apértif Albanian raki is a non-sweet, fruit-flavored spirit commonly made fermented and distilled fruit, particularly grapes and plums, and infused with apple tree leaves
adjustment bureau	Organization for adjusting insurance claims that is supported by insurers using the bureau's services.
usaf	United States Air Force
tla	Temporary Lodging Allowance
discretionary earnings	(as defined by Pratt's Stats®) [Operating Profit] + [Owner's Compensation] + [Noncash Charges] (BVMarketData.com)
non-profit	Not established for the purpose of making a profit; not entered into for money (Merriam-Webster Online Dictionary).
model	A common application is to partition a dataset into two parts, to fit the model on the first part, and to assess the predictive capability of that model on the second part.
irr	Individual Ready Reserve
net tangible asset value	The value of the business enterprise's tangible assets (excluding excess assets and non-operating assets) minus the value of its liabilities.
child rider	Rider that provides insurance to the insured's child(ren).
philip v of macedonia	(238-179 BCE) Philip V was a king of Macedonia; he fought in the Social War and the Second Macedonian War; he was beaten in the Battle of Cynoscephalae in Thessaly in 197 BCE; Philip V died in 179 BCE at Amphipolis.
age last	Age based on the individual's current age or their age on their last birthday.
cost of capital	The expected rate of return that the market requires in order to attract funds to a particular investment.
ibt	Internet-Based Training
qae	Quality Assurance Evaluator
vha	Variable Housing Allowance
commission	The portion of the premium stipulated in the contract to be retained by the licensee as compensation for sales, service, and distribution of insurance policies.
tmo	Traffic Management Office
grouped frequency distribution	The relationship between the values of a characteristic and their frequencies when those values are grouped into class intervals.
twisting	The practice of inducing by misrepresentation, or inaccurate or incomplete comparison, a policyholder in one company to lapse, forfeit, or surrender his insurance for the purpose of taking out a policy in another company.
net wholesale rate	A rate usually slightly lower than the wholesale rate, applicable to groups of individuals when a hotel is specifically mentioned in a tour folder
depreciation	Depreciation is the difference between the market value of an improvement and its reproduction or replacement cost at the time of appraisal
accounts payable	An accounting entry that represents an entity’s obligation to pay off a short-term debt to its creditors
pictura	(Latin) painting; many of the extant examples of Roman painting are frescoes, that is painting on wall plaster; however, there is evidence that informs us that painting was also done on wood, ivory and other materials.
programming	Process of producing a set of instructions to make a computer perform a particular activity.
ads	Automated Disbursing System
hud	Department of Housing and Urban Development
do	Disbursing Officer
treaty	An agreement between a reinsurer and a ceding insurer setting forth details of the reinsurance arrangement.
folio	A collection of data, identified by a roll number, that consists of ownership, actual value and other information required for assessment purposes
funeral services	(a) arrangements and services related to the interment or cremation of human remains,
stable process	A process that is in a state of statistical control.
premium tax	A tax, imposed by each state, on the premium income of insurers doing business in the state.
federal property - improvements	Improvements subject to payments by the Federal Crown for further information, see the Payments in Lieu of Taxes Act.
data item	The smallest piece of information that can be obtained from a survey or Census.
visit usa committee	A committee of U.S
pcma	Professional Convention Management Association, a non-profit international association for meetings professionals.
statistical process control	The conversion of data to information using statistical techniques to document, correct, and improve process performance.
majority interest	an ownership interest greater than 50% of the voting interest in a business enterprise.
operating ratio	The sum of expenses and losses expressed as a percent of earned premium.
operations	Performing the practical work of operating a tour or travel program
equity price	Reported Selling Price (includes the noncomplete value and excludes any long term liabilities assumed, real estate value and employment/consulting agreement value).
eligible property	In the context of the Tourist Accommodation (Assessment Relief) Act
cede	To transfer risk from a direct insurer to his reinsurer.
ibop	International Balance of Payments
confidential information	Information that is not available to the public, including actual information about specific properties, such as financial information, provided to BCA and used as the basis for creating derived information.
cbt	Computer Based Training
leverage	Leverage is a measure of the amount of influence a given data value has on a fitted linear regression
trend chart	A graph that plots values on the y-axis against the time at which they either occurred or were measured on the x-axis
common cause	A source of natural variation that affects all of the individual values of the process output being studied
index plot	An index plot of data values is a plot of each value (Y) against its order in the data set (X)
term insurance	Life insurance protection during a limited number of years but expiring without value if the insured survives the stated period.
capital assets	Assets of a permanent nature used to produce income, e.g., land, buildings, machinery, equipment.
uniform premium	A rating structure in which one premium applies to all insureds, regardless of age, sex, or occupation.
administrative data	are collected as part of the day to day processes and record keeping of organisations.
flow series	is a series which is a measure of activity over a given period.
common-law	Two people of the opposite or of the same sex who live together as a couple, but who are not legally married to each other.
editing	See data editing.
coverage	The scope of protection provided under a contract of insurance; any of several risks covered by a policy.
randomized block design	A randomized block analysis of variance design such as one-way blocked ANOVA is created by first grouping the experimental subjects into blocks such that the subjects in each block are as similar as possible (e.g., littermates), and there are as many subjects in each block as there are levels of the factor of interest, and then randomly assigning a different level of the factor to each member of the block, such that each level occurs once and only once per block
required rate of return	the minimum rate of return acceptable by investors before they will commit money to an investment at a given level of risk.
opinion	The verbal expression of a point of view or one's attitude toward a topic or issue.
homogeneous	A descriptor generally applied to single family residential neighbourhoods where there are several groups of homes that are all relatively or reasonably similar in age, construction, and features
easement	A right to some use of adjoining land or buildings, for example, a right of way or a right to light.
outlier	A value far from the central tendency.
confidentiality	In surveys, the degree to which the respondents' identities are kept unknown to the public, other respondents, and especially to the survey planners, interviewers, and administrators.
palmettes	a floral leaf pattern; for an example, see Harvard 1925.30.51 (image).
single room occupancy	Any building that contains rooms intended or designed to be used, rented or occupied for sleeping or living purposes by tenants and is the primary residence of those tenants.
ppm	Personally Procured Move
noise-to-signal ratio	The ratio of the measurement system's precision to the average measurement value; the reciprocal of the signal-to-noise ratio
incurred claims	Incurred claims equal the claims paid during the pol icy year plus the claim reserves as of the end of the policy year, minus the corresponding reserves as of the beginning of the policy year
mortgagee	The one to whom property is conveyed as security for the payment of a debt; the lender or creditor.
cost basis	An amount attributed to an asset for income tax purposes; used to determine gain or loss on a life insurance contract to determine the value of a gift.
mean	The most common measure of central tendency, the mean is the arithmetic average of a set of numbers.
appraisal method	see Valuation Method.
hotel pickup	The act or course of picking up from hotel on the specified time.
net income / sales	[Net Income] / [Sales] (also known as Net Profit Margin)
normal distribution	The normal or Gaussian distribution is a continuous symmetric distribution that follows the familiar bell-shaped curve
loss prevention	Any measure that reduces the probability or frequency of a particular loss but does not eliminate completely all possibility of that loss.
non-participating policy	A life insurance policy in which the company does not distribute to policyholders any part of its surplus
guide	A person working to conduct others, as through a museum, and give information about points of interest encountered.
exclusive listing	The giving of the sole right to sell the described property according to the terms of the agency agreement.
protestants	Christians who did not agree that the Pope was head of the church
p value	In a statistical hypothesis test, the P value is the probability of observing a test statistic at least as extreme as the value actually observed, assuming that the null hypothesis is true
actual authority	The authority to act on the principal's behalf that an agent reasonably believes he or she has been given by the principal
range	The range of the data is the difference between the maximum value and the minimum value.
learning	Training models (estimating their parameters) based on existing data.
invested capital	the sum of equity and debt in a business enterprise
pictograph	A chart giving statistics in pictorial form
paid-up insurance	Insurance on which all required premiums have been paid
nonlinear functions	A nonlinear function is one that is not a linear function, and can not be made into a linear function by transforming the Y variable.
precision	Precision is a measure of similarity
business life insurance	Life insurance purchased by a business enterprise on the life of a member of the firm
independent agent	An independent businessperson who usually represents two or more insurance companies in a sales and service capacity and who is paid on a commission basis.
tree diagram	A branching diagram that shows all possible combinations or outcomes.
hidden nodes	The nodes in the hidden layers in a neural net
tectonic plates	the immense sections of the earth's surface that move very slowly on the molten layer of the earth beneath them
coefficient of dispersion	The average deviation of a group of numbers from the median expressed as a percentage of the median
dwas	Defense Working Capital Fund Accounting System
between effects	In a repeated measures ANOVA, there will be at least one factor that is measured at each level for every subject
focus groups	A method of interviewing people not individually, but in small groups
diskos	Usually a small plate to hold bread on the altar for Divine Liturgy or Eucharist; paten
diocese	District or churches under the authority of a bishop
ottoman empire	Turkish state (1350-1918), largest and most influential Muslim empire; at its height under Suleiman the Magnificent (16th century), it stretched from the Persian Gulf to Hungary and from Egypt to the Caucasus
foreclosure sale	The sale of a mortgaged property, authorized by a court decree or a power-of-sale clause, to satisfy the debt. (Black's Law Dictionary, 8th edition)
model	Residuals give information both about the model's lack of fit, and also about experimental error of the measurement process.
surplus lines broker license	License issued to a person or firm to place risk insurance with eligible surplus lines insurers.
regression tree	A decision tree that predicts values of continuous variables.
enterprise policy	The policy of a company in regards to the way it operates its business
risk premium	A rate of return added to a risk-free rate to reflect risk.
negotiate	The act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms or conditions of the contract, provided that the person engaged in that act either sells insurance or obtains insurance from insurers for purchasers.
stem and leaf plot	A variation on a checklist in which a value is recorded in an interval not with a stroke but with one or more of its most significant digits.
information	Data that have been recorded, classified, organized, related or interpreted within a framework so that meaning emerges.
saint	A person who lived a life devoted to God; a worthy example of holiness, virtue, or kindness and charity; someone who lets God's love shine through them to the world
ibt/cbt	Internet-Based Training and Computer-Based Training
liquidation	Dissolving a company by selling its assets for cash.
discretionary earnings	([Net Income] + [Taxes] + [Interest Expense] + [Owners Compensation] + [Noncash Charges]).
diagnostic	A calculation or graph that serves to test one or more assumptions about a model.
attraction	A person, place, thing, or occasion that is intended to attract.
independent variable	The independent variables (inputs or predictors) of a model are the variables used in the equation or rules of the model to predict the output (dependent) variable.
detection	As opposed to prevention.
gps	Global Positioning System
ideologue	one who blindly follows an ideology or set of beliefs
straight life insurance	Whole life insurance on which premiums are payable for life.
u.s.c	United States Code
termination for cause	The cancellation of the relationship between an insurance producer and the insurer for one of the reasons listed in Section 12 of the PLMA.
shah	Mohammed Reza Shah Pahlavi, last in a line of hereditary rulers of Iran, modernized Iran but was disliked by religious leaders for his Western ways and extravagance, leading to his overthrow in 1979
naics code	see North American Industry Classification System
residual value	the value as of the end of the discrete projection period in a discounted future earnings model.
appraisal procedure	see Valuation Procedure.
box plot	A univariate graphical display of a distribution designed to facilitate the comparison of several groups, especially when each group has a substantial number of observations
guaranty fund	A fund, derived from assessments against solvent insurance companies, to absorb losses of claimants against insolvent insurance companies.
sponsoring insurance company	The insurer a licensee represents in the sale of insurance products.
underwriting profit or loss	The amount of money that an insurance company gains or loses as a result of its insurance operations
imputation	Replacing either missing or invalid data with accepted data
variance	A measure of spread, calculated as the average squared deviation of each number from the mean of a data set
contract of sale	A legal agreement which includes all the booking conditions which apply when a booking is made.
absolute assignment	The irrevocable transfer of all the policy owner's rights in a life insurance policy.
opt-in/double opt-in	The process of verifying and double-verifying that a panel member wants to be part of an online panel
interviewer error	In surveys, a component of measurement error that results from the respondent modifying answers in response to the interviewer's behavior, nonverbal cues, or verbal statements.
supervised learning	The collection of techniques where analysis uses a well-defined (known) dependent variable
agency	A firm, corporation, or one or more individuals acting in association with each other as a single entity
linear logistic model	A linear logistic model assumes that for each possible set of values for the independent (X) variables, there is a probability p that an event (success) occurs
mode	The observation that occurs most frequently in a data set; a measure of central tendency.
farm building	An improvement on land classified as a farm that is eligible for farm building exemptions under the Community Charter section 220(1)(n); the Taxation (Rural Area) Act section 15(1)(f), and the School Act section 131(4).
proportion	describes the share of one value for a variable in relation to a whole.
telephone survey	A method of administering surveys whereby the respondents are contacted by telephone.
size premium	size premium is the additional remuneration due to the higher risk and therefore, the higher cost of capital, associated with the smaller size of the company and of the lower trading volume
ita	Invitational Travel Authorization
fair premium	The premium level that is just sufficient to fund an insurer's expected costs and provide insurance company owners with a fair return on their invested capital.
double-occupancy rate	The price per person for a room to be shared with another person; the rate most frequently quoted in tour brochures.
incentive	A reward given for selling a particular product or service
process signature	The characterization of a process, including its sensitivity to input variables, its magnitude of natural variation, its sensitivity to variation in incoming material, and its dynamic and output profiles, both when operating naturally and when behaving aberrantly.
agent	An individual licensed and appointed by an insurance company to sell, solicit or negotiate insurance.
conditional probability	A probability computed under the assumption that some condition holds.
guaranteed premiums	The guaranteed maximum payment for the purchased policy.
pmr	Proportional Meal Rate
nco	Non Commissioned Officer
median	The median of a distribution is the value X such that the probability of an observation from the distribution being below X is the same as the probability of the observation being above X
dtr	Defense Travel Region
multi-property sale	A transfer of property or title involving more than one parcel.
optima®	Decision Analyst's proprietary product-testing system
dcced	Department of Commerce, Community, & Economic Development
dimension	usually reffers to an attribute of an example in the data being mined
interpretative programming	Activities conducted in a recreational environment which seek to connect the participants to the meanings and values of the resource being experienced.
ia	Information Assurance
institutional property	Property usually held by a government body for the benefit of the public good, i.e
osd	Office of the Secretary of Defense
cor	Contracting Officer Representative
coding	A process for converting questionnaire information into numbers or symbols to facilitate subsequent data processing operations
pareto analysis	A technique for problem solving in which all potential problem areas or sources of variation are ranked according to their contribution.
dtr	Defense Transportation Regulation
split itinerary	An itinerary in which part of the group does one thing while the other part does something else.
written premiums	The entire amount of premiums due in a year for all polices issued by an insurance company.
interested person	An individual or entity with no direct involvement in the appeal management and no rights to make submissions or participate in hearings
marketing	The promotional activities that bring buyers and sellers together.
mother tongue	The first language learned at home during childhood which is still understood by the individual at the time of the Census.
interpretation	The process of educating visitors to national parks and other cultural or historical facilities through the use of signs, markers, etc.
census	is a study of every unit, everyone or everything, in a population.
clinically significant	A result, like a difference between groups, that is relevant in practice.
relic	items linked to a saint, or to Jesus, including sometimes parts of a saint's body
semi-quartile range	Computed as one half the difference between the 75th percentile (Q3) and the 25th percentile (Q1)
verst	A Russian measure of linear distance equal to about two-thirds of a mile
efficiency	A fuzzy concept for the precision that can be achieved by a given estimation method and sample size
exclusive agent	An agent who is employed by one and only one insurance company and who solicits business exclusively for that company.
licensee	An individual or business entity that holds a valid license and is appointed by an insurer to solicit, negotiate or procure insurance.
familiarisations	Also known as educationals
see	Bishop´s place of authority or jurisdiction
central tendency	A characteristic of a sample or population; intuitively, it is the most average value.
guaranteed insurability option	See Future Increase Option.
cbi	International Business Brokers Association designation.
confidentiality	In a confidential survey, the privacy of information provided by individual respondents is maintained, and information about the individual respondents cannot be derived from the published results.
doctrine of reasonable expectations	A legal doctrine that holds policies will be interpreted according to how a reasonable person who is not trained in the law would expect.
standard deviation	measures the spread of the data around the mean.
naic certified	Products that have been certified by the NAIC.
risk pooling arrangement	See Pooling Arrangement.
limited market property	A property that has relatively few potential buyers at a particular time (Appraisal of Real Estate, 2nd Edition, 2002)
significance	A probability measure of how strongly the data support a certain result (usually of a statistical test)
premium discount	Periodic payment discount given by a company.
residual	The difference between the actual value observed and the prediction or fitted value derived from a model
tle	Temporary Lodging Expense
outliers	A value in a dataset can be close to the average or mean, or far away from the mean
expense ratio	The ratio of a company's operating expenses to premiums.
taxable estate	The value upon which estate taxes are calculated by the federal government.
loss ratio	A ratio calculated by dividing claims into premiums
capital stock and surplus	Represents the excess of a company's assets over its liabilities as reported in its financial statements
travel	The act or procedure of traveling; movement or passage from one place to another.
iava	Information Assurance Vulnerability Alert
standard industrial code	A classification used by the United States government to identify the industry in which a business operates.
online hypothesis quantification	A research technique used to quantify the results of a focus group or depth interview
relative frequency	The frequency (expressed as a proportion of a whole) of each value or class interval observed in a data set for a particular variable
tax sale	The sale of real property, usually at auction by a public authority, in order to pay delinquent municipal taxes assessed by the owner
risk based standards	An approach using risk assessment to identify and evaluate substances, persons potentially affected, and exposures to the substances in order to estimate cancer risks or hazard indices in accordance with a director's protocol
sensitivity analysis	Varying the parameters of a model to assess the change in its output.
operational research	The term commonly used in Europe for Operations Research.
gao	Government Accountability Office
metrology study	Sometimes called a gauge capability study, or measurement capability assessment
cir	Change Implementation Request
ilt	Instruction Led Training
cold war	ideological conflict between the United States (capitalist, democratic) and the USSR (Union of Soviet Socialist Republics; later the Soviet Unionâcommunist, totalitarian) after World War II and especially in the 1950s and 1960s.
plant	A collection of industrial improvements and associated land used for a purpose identified in s
ousd	Office of the Under Secretary of Defense (Personnel and Readiness)
intestate	Without a will.
midrange computer	Covers a very broad range between high-end personal computers and mainframes
comprehensive shuttle	A preliminary layout viewing all the elements planned for an advertisement
scale	The generalized concept of the variability or dispersion of a distribution
fixed period option	Life insurance settlement option in which the policy proceeds are paid out in fixed amounts.
entire contract clause	Provision in life insurance policies stating that the life insurance policy and attached application constitute the entire contract between the parties.
vfr	Visiting friends and relatives
data set	Any grouping of data which has a common theme or similar attributes.
home based business	A business use which is carried out property which is primarily intended for residential use, either in the main residence or other buildings located on the property.
lapsed policy	A policy terminated for non-payment of premiums
orthogonal array	A table consisting of rows and columns with the property that for any pair of columns (factors) all combinations of values (levels) occur, and further, all combinations occur the same number of times.
net premium	The portion of the premium rate that is designed to cover benefits of the policy, but not expenses, contingencies, or profit
operating profit margin	a ratio used to measure a company’s pricing strategy and operating efficiency
psc	Personnel Service Center
continuing education	Education required in some states to renew the license, unless exempt.
gui	Graphical User Interface.
loss reserve	The amount set up as the estimated cost of a claim
marketability discount	see Discount for Lack of Marketability.
standard deviations	Like R charts, S charts are typically used to monitor process uniformity, and measurement precision
scale	A graded line divided into successive values, which may be graphical, descriptive or numerical, used in reporting assessments
return on equity	[Net Income] / [Total Assets - Total Liabilities]
valuation approach	a general way of determining a value indication of a business, business ownership interest, security, or intangible asset using one or more valuation methods.
orderly liquidation value	liquidation value at which the asset or assets are sold over a reasonable period of time to maximize proceeds received.
tourism north	Joint highway travel marketing program conducted by Alaska, Yukon, Alberta, British Columbia and Prince Rupert.
characteristic	A property which helps to differentiate between items of a given population
home service life insurance	Industrial life insurance and monthly debit ordinary life insurance contracts that are serviced by agents who call on the policy owners at their homes to collect the premiums
accident and health insurance	A type of coverage that pays benefits, sometimes including reimbursement for loss of income, in case of sickness, accidental injury, or accidental death.
fixed amount option	Life insurance settlement option in which the policy proceeds are paid out in fixed amounts.
elizabethan religious settlement	the collective term for the religious measures passed by the 1559 parliament
secdef	Secretary of Defense
ssl	Secure Sockets Layer
hmo	Health management organization
risk retention groups	Formed as a result of the Risk Retention Act of 1981, a federal law that enables licensed insurers to form risk retention groups in order to provide group self-insurance
insurability	Acceptability to the company of an applicant for insurance.
interaction	In multi-factor analysis of variance, factors A and B interact if the effect of factor A is not independent of the level of factor B
class interval	is a range of data values.
pdt	Permanent Duty Travel
episodes of care	A period of care provided by a health care facility or other health care provider
wait-list	List established when there are no more ready available spaces; names waiting for cancellations.
frequency	is the number of times a particular value for a variable (data item) has been observed to occur.
availability	This could pertain to air/hotel or car that means if space is open to sell to the public.
assumption of risk doctrine	Defense against a negligence claim that bars recovery for damages if a person understands and recognizes the danger inherent in a particular activity or occupation.
incurable defects	A defect that cannot be cured is one that affects the substance of the notice
overseas cola	Overseas Cost of Living Allowance
domestic agency or company	An agency or company formed under the laws of the state in which the insurance is written.
miter	Bishop's hat; tall and pointed in the Western Church; rounded like a turban with a cross on top in the Eastern Church; also mitre
estimate	is a value that is inferred for a population based on data collected from a sample of units from that population.
probability sampling	A sampling method in which every member of the population has a chance of being selected
package	Any mixture of more than one component, such as a hotel room and an air ticket.
demutualization	The process of changing the legal structure of an insurance company from a mutual form of ownership to a stock form of ownership.
st. francis	Catholic saint who lived in the 12th century; famous for his love of all God's creatures
chain-ratio method	A method for forecasting market demand by multiplying a base market figure by a series of consumption constraints.
solicitor	An individual licensed and appointed by an agent to solicit and receive applications for insurance as a representative of the agent.
policy owner	The person or business that owns the policy and is responsible for premium payments.
orthodox	conforming to the rules and doctrine of a religion
brac	Base Realignment and Closure
subdivision plan	An LTSA plan showing land divided into two or more parcels; or the consolidation of two or more parcels into a single parcel.
standard deviation	The square root of variance, also used as a measure of spread.
accuracy	In metrology, the total measurement variation, including not only precision (reproducibility), but also the systematic offset between the average of measured values and the true value.
insuring agreement	That part of an insurance contract that states the promises of the insurer.
sequential studies	A style of investigation, especially in experiments, whereby a study is broken into a series of distinct phases, and the results of each phase are allowed to influence subsequent phases.
surplus	The amount by which the value of an insurer's assets exceeds its liabilities, i.e., the net worth of an insurance company.
arbitrage pricing theory	a multivariate model for estimating the cost of equity capital, which incorporates several systematic risk factors.
ip	Internet Protocol
standard deviation	A measure of spread or dispersion of a distribution
interpolator	Any predictive algorithm that always perfectly reproduces the observations used for model construction
break-even point	The point at which revenues and expenses are the same
van	Valuated Add Network
market regulation handbook	A handbook developed by the NAIC Market Regulation Handbook Working Group that contains guidelines for market regulation examinations and investigations including different options for investigation techniques, called the continuum of regulatory responses.
underwriting	The process of selecting applicants for insurance and classifying them according to their degrees of insurability so that the appropriate premium rates may be charged
government/expropriation sale	The property is taken from a private individual or corporation by government in exchange for compensation
capi	Cryptographic Application Programming Interface
dr	Discrepancy Report
business entity	A corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity.
lra	Local Registration Authority
multi-stage sampling	The process of selecting a sample in two or more successive stages
generation skipping tax	A transfer tax imposed on gift or inheritance to those at least two generations younger than the person making the transfer.
deposit premium	The premium deposit paid by a prospective policy holder when an application is made for an insurance policy
tourism	The business of providing and marketing services and facilities for pleasure travelers.
terms and conditions	See booking conditions.
manufactured home	A structure, whether or not ordinarily equipped with wheels, that is designed, constructed or manufactured
global calibration	In computer experiments, the practice of achieving good agreement between simulated and empirical readings by developing a function that transforms the raw simulated response
control limits	The maximum allowable variation of a process characteristic due to common causes alone
mco	Marine Corps Order
face amount	The amount stated on the policy that will be paid at death or maturity
conservation	The attempt by the insurer to prevent the lapse of a policy.
gtr	Government Transportation Request
refreshment	The act of refreshing or state of being refreshed
encumbrance	A claim or liability that is attached to property or some other right and that may lessen its value, such as a lien or mortgage; any property right that is not an ownership interest
general agent	A person, firm or corporation having authority to supervise, hire and terminate producers for one or more insurers
ndea	Non DTS Entry Agent
arng	Army National Guard
far	Federal Acquisition Regulation
equity risk premium	A rate of return added to a risk-free rate to reflect the additional risk of equity instruments over risk free instruments (a component of the cost of equity capital or equity discount rate).
arta	Association of Retail Travel Agents.
data editing	A process that ensures survey data is accurate, complete and consistent
encomium	Latin meaning praise of a person or thing; A five-part genre with prologue, birth and upbringing, acts of the person's life, comparisons to praise the subject, and epilogue
loa	Line of Accounting
monitor variable	A measurable characteristic of a process that is particularly relevant and informative for purposes of process control
additive effect	A property of a model describing a physical process whereby the average or expected change from changing a particular input factor does not depend upon the values of other input factors
itinerary	A route or future route of a journey, it is also known as a guidebook for travelers.
standard deviations	As with R charts compared to S charts, X-bar-S charts are more efficient than X-bar-R charts.
in season	Meaning only obtainable at certain times of the year.
related party sale	• Sale where the vendor and purchaser are associated, for example related companies or related individuals
hotel vacancy	Vacancy is the inverse of stabilized Hotel-Motel occupancy
retrospective study	A kind of nonexperimental study in which all the phenomenon investigated occurs prior to the onset of the study
pyre	a pile of wood or other combustible materials on which a body is burned in a cremation ritual; for an example, see Louvre G 197 (image).
blockage discount	an amount or percentage deducted from the current market price of a publicly traded stock to reflect the decrease in the per share value of a block of stock that is of a size that could not be sold in a reasonable period of time given normal trading volume.
appraisal date	see Valuation Date.
binomial tree	a graphical representation of possible intrinsic values that an option may take at different nodes or time periods
sample design	A set of specifications that describe population, frame, survey units, sample size, sample selection and estimation method in detail.
fixed costs	Costs that don’t change with sales or production levels.
fascist	believing in Fascism, that a nation requires a strong leader willing to use violence and wage wage to maintain order and keep the nation strong.
unilateralism	belief thatÂ a country should act alone and make decisions alone in a particular action
fair market value	the price, expressed in terms of cash equivalents, at which property would change hands between a hypothetical willing and able buyer and a hypothetical willing and able seller, acting at arms length in an open and unrestricted market, when neither is under compulsion to buy or sell and when both have reasonable knowledge of the relevant facts
criteria	Systematically developed, objective and quantifiable statements used to assess the appropriateness of specific health care decisions, services and outcomes.
continuous data	Continuous data can have any value in an interval of real numbers
ultimate mortality	Descriptive of the insured's mortality experience after the select period (5-15 years from issue), when mortality increases due to health deterioration.
aea	Actual Expense Allowance
ima	Individual Mobilization Augmentee
fmln	the main left-wing political party in El Salvador, which grew from a group of guerilla fighters opposed to the government; the "L" stands for "Liberation"
sale - uninformed purchaser	The purchaser was not knowledgeable of market conditions
two-way layout	The two-way layout refers to a two-way classification in which there are two factors affecting the observed response measurements
cancellation	Termination of an insurance license or appointment before the end of the license or appointment period.
rdc	Regional Data Center
terminated license	A license that has been cancelled suspended or revoked
cash surrender value	The amount payable if a life insurance policy is canceled by the insured before it either matures or is payable on death.
quality - economic rate	Qualities 1-5 represent the quality of the income stream, not necessarily construction quality
sacristan	Person responsible for sacred objects in a church
inter vivos trust	A trust created while the creator of the trust is living
tonsure	Rite of shaving the crown of the head when a person joins a monastic order; symbolizes new identity as a monk
departure tax	Fee collected from a traveler by the host country at the time of departure.
earn-out	The portion of the purchase price that is contingent on future performance
return on investment	see Return on Invested Capital and Return on Equity.
special interest purchasers	acquirers who believe they can enjoy post-acquisition economies of scale, synergies, or strategic advantages by combining the acquired business interest with their own.
optimal design	The approach to creating experimental designs using a computer algorithm maximizing an objective funtion
sales techniques	The stages through which a sales person takes the customer; from capturing initial interest, closing the sale to after sales service.
airline fare	Price charged for an airline ticket
dsc	Defense Supply Center
package tour	A tour that includes pre-paid transportation, accommodations and/or some combination of other tour elements, such as meals, transfers, sightseeing or car rental
bias	In estimation, the bias refers to the value of a parameter of a probability distribution, the difference between the expected value of the estimator and the true value of the parameter.
vfr	Visiting friends and relatives.
discrete data	A data item that has a finite set of values
registered or registration	In respect of real property, refers to the registration in the books of the land title office
cyclical effect	is any regular fluctuation in daily, weekly, monthly or annual data.
industrial life insurance	Life insurance issued in small amounts, usually less than $1,000, with premiums payable on a weekly or monthly basis
mail survey	A method of administering surveys whereby the respondents are contacted by mail
guided tour	A local sightseeing trip conducted by a guide.
fairness opinion	An opinion as to whether or not the consideration in a transaction is fair from a financial point of view.
acceptance	Assent by an offeree to the terms of an offer.
ang	Air National Guard
digidot chart	A hybrid chart that consists of a stem and leaf chart on the y axis, with the leaves pointing left, and a time trend plot to the right
relic	Something remaining as a memorial to a saint, often part of the body or clothing
squatter	A squatter is a person who settles on another's land, without legal title or authority; a person entering upon lands, not claiming in good faith the right to do so by virtue of any title of his own or by virtue of some agreement with another whom he believes to hold the title
www	World Wide Web
statistical control	The state of a process that is influenced by common causes alone
survival function	The survival function is a time to failure function that gives the probability that an individual survives (does not experience an event) past a given time
mortality table	A statistical table showing the death rate at each age usually expressed as so many per thousand.
ethnic origin	Refers to the ethnic or cultural group(s) to which the respondent's ancestors belong
optimum allocation	Sampling in which the sample sizes are allocated to the strata in such a manner as to minimize the standard error for overall survey results.
interest crediting	New Money Method: A method under which for purposes of crediting interest under the company's dividend scale or other nonguaranteed pricing structure, the company's policies are subdivided into generations based on year(s) of issue
dtr 6	Defense Travel Region 6
off-site programming	Educational or interpretive activities conducted by agency personnel outside the agency’s unit jurisdictional boundary.
martyr	a person killed because of their beliefs
special interest purchasers	Acquirers who believe they can enjoy post-acquisition economies of scale, synergies, or strategic advantages by combining the acquired business interest with their own.
apc	Agency Program Coordinator
medical examination	The examination given by a qualified physician to determine to the insurability of an applicant
jumbo risk	A risk involving exceptionally high benefits.
goodwill	The amount by which the price paid for a company exceeds the company's estimated net worth.
joint	Tenancy Ownership of land by two or more persons whereby, on the death of one, the survivor or survivors take the whole estate.
add-ons	Also known as complimentary products, extras or a cross sale
order statistics	If the data values in a sample are sorted into increasing order, then the ith order statistic is the ith largest data value
conversion	Getting “heads in beds” or otherwise closing the sale
within effects	In a repeated measures ANOVA, there will be at least one factor that is measured at each level for every subject
bls	Bureau of Labor Statistics
real property	The interests, benefits and rights inherent in the ownership of real estate
standard provision	Those contract provisions generally required by state statutes until superseded by the uniform policy provision.
data	are measurements or observations that are collected as a source of information.
dividend yield	a financial ratio that shows how much a company pays out in dividends each year relative to its share price
wayfinding signage	Signs to aid the public in orienting themselves geographically within a specific location and which identify functional units within the location.
central location	) is a summary measure that attempts to describe a whole set of data with a single value that represents the middle or centre of its distribution.
prelicense education	Education or training required in some states prior to taking a license examination to qualify for a resident license.
capitalization of earnings method	a method within the income approach whereby economic benefits for a representative single period are converted to value through division by a capitalization rate.
rebar	steel rod used to reinforce concrete to make it stronger
intrinsic value	the value that an investor considers, on the basis of an evaluation or available facts, to be the “true” or “real” value that will become the market value when other investors reach the same conclusion
dssr	Department of State Standardized Regulations
time series	is a collection of observations of well-defined data items obtained through repeated measurements over time.
countersignature	Signature of a resident licensee or representative of the insurer on an application for an insurance policy sold by a nonresident licensee necessary to complete the application.
folio	An itemized record of a guest’s charges and credits which is maintained in the front office until departure
dividend	A policyholder's share in the insurer's divisible surplus fund apportioned for distribution, which may take the form of a refund of part of the premium on a participating policy.
levered beta	the beta reflecting a capital structure that includes debt.
mutual life insurance company	Is organized and incorporated under a state's laws and has no stockholders
frequency	The number of times a value appears in a sample.
sale - lease	For the purposes of sales coding, the term lease means a lease or license of otherwise exempt land
dta	Defense Travel Administrator
non-medical limit	The maximum face value of a policy that a given company will issue without the applicant taking a medical examination.
professional experts	The Ministry of Environment maintains a roster of professional experts who are authorized under section 49.1 of the Contaminated Sites Regulation to make recommendations to the Director concerning the issuing of Approvals in Principle, Certificates of Compliance, Determinations that a site is/or is not a Contaminated Site, Contaminated Soil Relocation Agreements, and background releases (based on Table 1 of Protocol 4) for low to moderate risk sites.
pnr	Passenger Name Record
mpi	Meeting Planners International, the largest trade association representing the meetings industry.
background investigation	An investigation of an applicant required in some states prior to issuing a license or appointment
occupational hazards	Occupations that expose the insured to greater than normal physical danger by the very nature of the work in which the insured is engaged, and the varying periods of absence from the occupation, due to the disability, that can be expected.
cession	Amount of the insurance ceded to a reinsurer by the original insuring company in a reinsurance operation.
entity purchase agreement	Specifies the terms for the business to buy back a deceased's share of the business's ownership.
run of house	This is a standard room type available in a hotel's inventory.
histogram	A histogram is a graph of grouped (binned) data in which the number of values in each bin is represented by the area of a rectangular box.
equity	The owner's interest in property after deduction of all liabilities.
ces	Consumer Expenditure Survey
provider	An institution or entity that provides services for health plan members
insurance commissioner	Common title for the head of a state department of insurance
development cost charges	A fee which local governments may levy against development projects to recover the cost of providing local services.
portfolio discount	an amount or percentage deducted from the value of a business enterprise to reflect the fact that it owns dissimilar operations or assets that do not fit well together.
proof of loss	Documentation presented to the insurance company by the insured in support of a claim so that the insurer can determine its liability under the policy.
niprnet	Non-secure Internet Protocol Routing Network
level premium	A premium that remains unchanged throughout the life of a policy.
discounted cash flow method	a method within the income approach whereby the present value of future expected net cash flows is calculated using a discount rate.
rent concessions	All rent concessions result from market conditions and the relative negotiating strength of the property owner and the tenant
anti-selection	The tendency of persons who present a poorer-than average risk to apply for, or continue, insurance to a greater extent than do persons with average or better-than-average expectations of loss.
outliers	Observations whose value is so extreme that they appear not to be consistent with the rest of the dataset
cost of goods sold	The direct costs attributable to the production of the goods sold by a company
regression model	A statistical model used to depict the relationship of a dependent variable to one or more independent variables
fips	Federal Information Processing Standard
effective date	The specific point in time as of which the valuator's opinion of value applies (also referred to as "Valuation Date" or "Appraisal Date").
prothesis scene	an iconographical scene where mourners surround the body of a dead person; for an example, see Harvard 1952.75 (image).
constant dollars	Dollars of a particular base year, which are adjusted (by inflation or deflation) to show changes in the purchasing power of the dollar (See also current dollars)
factor	The input variable of a process, and especially of an experiment
other insured rider	Rider which provides coverage to an eligible business or family member other than the insured.
correlation coefficient	A measure showing to which extent two variables vary in an interdependent way.
px	Post Exchange (Army)
online discussion forums	Qualitative research conducted via the Internet over an extended period of time, typically 7 to 10 days
reinsurance	Agreement between insurance companies under which one accepts all or part of the risk for the other.
additional insured	An assured party specifically named under an insurance policy
carbon taxes	tax on excessive emission of carbon, to cut down on human-induced climate change
appraisal	see Valuation.
policyholders' surplus	Sum left after liabilities are deducted from assets
internet	A network that links computers all over the world by satellite and telephone, connecting users with service networks such as e-mail and the World Wide Web.
authorized company representative	An authorized individual who will license, appoint or terminate licensees on behalf of an insurance company.
sale - special interest	• Assignment of an Agreement for Sale • Sale from an execution of an estate
dataset	is a complete collection of all observations.
sde	see Seller's Discretionary Earnings
nominal variable	Type of categorical variable that describes a name, label or category with no natural order
common area	In the context of classifying Bed and Breakfasts, the area within a single family residence which is available to the public (Bed & Breakfast guests) who purchase short-term accommodation
normalization	A collection of numeric data is normalized by subtracting the minimum value from all values and dividing by the range of the data
projection	indicates what the future changes in a population would be if the assumptions about future trends actually occur.
volatility index	VIX is the ticker symbol for the Chicago Board Options Exchange Volatility Index, a popular measure of the implied volatility of S&P 500 index options
control premium	an amount or a percentage by which the pro rata value of a controlling interest exceeds the pro rata value of a non-controlling interest in a business enterprise, to reflect the power of control.
reservation	An agreement by which accommodations are secured in advance, as in a hotel or on an airplane.
capability	The natural variation of a process due to common causes.
consolidator	A person or company which forms groups to travel on air charters or at group fares on scheduled flights to increase sales, earn override commissions or reduce the possibility of tour cancellations.
plant primary division	The division of the MIPs manual which the Manual Overview directs the user to start the costing process
domestic insurer	An insurance company is a domestic company in the state in which it is incorporated.
inventory turnover	a ratio showing how many times a company’s inventory is sold and replaced over a period
cash and equivalents	All cash, marketable securities, and other near-cash items
standard insurance	Insurance written on the basis of regular morbid ity underwriting assumption used by an insurance company and issued at normal rates.
beneficiary	The person named in the policy to receive the insurance proceeds at the death of the insured
convent	Place where a community of nuns lives
augustine of hippo	Philosopher and theologian, known as Doctor of Grace, established the concepts of original sin and just war; patron of the Augustinian Order and his Confessions are the among the earliest writings on spirituality
peril	The cause of a loss insured against in a policy.
free look period	Time during which the policyholder may return the policy if he/she is not completely satisfied and receive a complete refund
wan	Wide Area Network
total beta	total beta is equal to the identity: Beta/R or the standard deviation of the stock/standard deviation of the market (note: the relative volatility)
override commission	A commission paid to an agency or individual for a percent of business produced by its licensees.
psro	Passenger Standing Route Order
partnering agreement	An agreement between a local government and another entity for provision of a local government service.
s chart	A control chart that plots standard deviations
tqse	Temporary Quarters Subsistence Expense
minority interest	an ownership interest less than 50% of the voting interest in a business enterprise.
unilateral contract	A contract having promises by one party only.
tmsc	Travel Management Service Contractor
property manager	A person (including a company) who, under contract with the property owner, operates and manages real property for the owner.
strike price	the price at which a specific derivative contract can be exercised
fjord	a narrow inlet of the sea with steep cliffs or mountains on either side
reinventory	When properties in a particular neighbourhood or specific property types are actually visited by an appraiser to determine the accuracy of the physical inventory or other attributes of the property
sensitivity	In metrology, the rate at which the average measurement changes to changes in the true value
contract	A signed agreement between an insurer and a licensee outlining what each party is expected to do
financial responsibility	Some states require licensees have a surety bond, errors and omissions liability coverage or some other insurance department-approved financial arrangement in case a client files a legal complaint against the licensee.
dco	Defense Connect Online
economic life	The period of time over which property may generate economic benefits.
one-way frequency table	A table showing the number of responses for each answer choice in a survey question.
future increase option	A provision found in some policies that allows the insured to purchase additional disability income insurance at specified future dates regardless of the insured's physical condition.
confidence level	The degree of certainty that a statistical prediction is accurate.
conus cola	Continental United States Cost of Living Allowance
neural network	A complex nonlinear modeling technique based on a model of a human neuron
csr	Customer service representatives support the work of insurance agents with a variety of tasks that must be done within a company or agency to deliver services to and handle requests from clients.
strata	Plural of stratum
capability study	Any study of the common cause variability of a process.
range	The full distance over which results vary along a number line
pds	Permanent Duty Station
non-profit organization	A non-profit organization is defined as a society constituted under the Society Act, RSBC 1996, c
mecca	the center for a certain activity or group of people
blocking	Compare to Box-Benkhen designs.
direct marketing	Sales and marketing communication that feature direct interaction between a company and its customers without any distribution intermediaries.
jtr	Joint Travel Regulations
christology	Theological study of the nature of Jesus the Christ, especially how the divine and human relate to his person
joined appeal	On application by a party or at the board's own initiative, the board may consolidate all or part of an appeal with any other appeal:
dtib	Defense Travel Improvement Board
key person insurance	Insurance designed to protect a business firm against the loss of income resulting from the death or disability of a key employee.
voucher	Documents that are exchanged for goods and service to substantiate payment that will be or already has been made.
recurring revenue	the portion of a company’s revenue that is highly likely to continue in the future
interquartile range	The difference between the upper and lower quartiles (Q3–Q1) of a data set
tenants in common	A form of joint property ownership in which the owners may have unequal shares and that does not involve a right of survivorship.
operating profit	the amount of profit realized from a business’s own operations, but excluding operating expenses (such as cost of goods sold) and depreciation from gross income
homoousios	Greek word meaning same substance or same essence, used by the First Ecumenical Council to say that Jesus Christ is, in the words of the Nicene Creed, of one Being with the Father
risk-free rate	the rate of return available in the market on an investment free of default risk.
tariff	a tax on trade goods, usually imports
indexing	Adjusting of values over time to reflect the impact of inflation.
settlement options	The ways in which policyholders or beneficiaries may choose to have benefits paid other than a lump sum.
dowry	Money or property a woman brings to marriage; such payment was necessary in order to marry in the ancient world
unlevered beta	the beta reflecting a capital structure without debt.
tangible assets	Physical assets (such as cash, accounts receivable, inventory, property, plant and equipment, etc.).
visa	Stamp of approval recorded in a traveler’s passport to enter a country for a specific purpose.
netrate	Wholesale rate to be marked up for eventual resale to the consumer.
vfrm	Visiting friends and relatives of the military
pov	Privately Owned Vehicle
mpp	Military Personnel Policy
cdrl	Contract Data Requirement List
methodology	A set of research methods and techniques applied to a particular field of study
scope	is the set of units that comprise the population of interest (target population) about which data are being collected.
non-profit	Not established for the purpose of making a profit; not entered into for money (Merriam-Webster Online Dictionary)
double indemnity	A policy provision usually associated with death, which doubles payment of a designated benefit when certain kinds of accidents occur.
dtod	Defense Table of Official Distances
arius	Early Christian theologian; taught that Jesus (Son of God) was subordinate to God the Father, not co-eternal; this Arianism was declared heresy at the Council of Nicaea
lloyd's of london	Insurance marketplace where brokers, representing clients with insurable risks, deal with Lloyd's underwriters, who in turn represent investors
simple random sample	A sample that draws a group of respondents randomly from all members of the population.
correlation	is a statistical measure (expressed as a number) that describes the size and direction of a relationship between two or more variables.
multiple comparisons	An analysis of variance F test for a specific factor tests the hypothesis that all the level means are the same for that factor
internal rate of return	a discount rate at which the present value of the future cash flows of the investment equals the cost of the investment.
highway neighbors	Loose-knit group of communities and businesses situated along the road system.
httpd	Hypertext Transfer Protocol Daemon
fairness opinion	an opinion as to whether or not the consideration in a transaction is fair from a financial point of view.
equity risk premium	a rate of return added to a risk-free rate to reflect the additional risk of equity instruments over risk free instruments (a component of the cost of equity capital or equity discount rate).
john locke	17th-century English philosopher, called the "Father of Liberalism," who influenced the American Revolution with his belief that each individual is born a "blank slate" who makes himself through learning, experience and individual effort
incentive travel	(1) A trip offered as a prize, particularly to stimulate the productivity of employees or sales agents
cost approach	A general way of determining a value indication of an individual asset by quantifying the amount of money required to replace the future service capability of that asset.
decision support tools	Tools that support informed decision-making by presenting information in an integrated, interactive manner.
report date	The date conclusions are transmitted to the client.
dismemberment	Loss of body members (limbs), or use thereof, or loss of sight due to injury.
claim	A request for payment of a loss, which may come under the terms of an insurance contract.
risk to roll	"Risk to Roll" encompasses changes to the Assessment Roll which may impact Local Government's ability to:
rejection	The refusal of an application or fee for license or appointment by the insurance department.
measures of centre	or
respondent error	In surveys, a component of measurement error that results from the respondent deliberately or inadvertently answering incorrectly.
one-on-one interviews	A qualitative research technique in which a moderator interviews one participant at a time
audit	The periodic observation of performed activities to verify compliance with documented requirements.
premium financing	A policyholder contracts with a lender to pay the insurance premium on his/her behalf
tort	A civil wrong, other than a breach of contract, for which a court of law will afford legal relief.
sampling error	An error which arises because the data are collected from a part, rather than the whole of the population
uninsurable risk	One not acceptable for insurance due to excessive risk.
control premium	An amount or a percentage by which the pro rata value of a controlling interest exceeds the pro rata value of a non-controlling interest in a business enterprise, to reflect the power of control.
factor	To be distinguished from variance components, because AMV is usually applied to computer experiments.
population	The complete group of units to which survey results are to apply
clergy	Leaders of the church, such as priests, vicars or bishops
theme tour	A tour that’s designed around a concept of specific interest to the tour takers, such as history or sports.
factors	A factor is a single discrete classification scheme for data, such that each item classified belongs to exactly one class (level) for that classification scheme
characteristic	A distinguishing feature of a process or its output on which variables or attributes data can be collected
normalized earnings	economic benefits adjusted for nonrecurring, noneconomic, or other unusual items to eliminate anomalies and/or facilitate comparisons.
sale - distress sale	• A form of liquidation in which the seller receives less for the goods than what would be received under normal sale conditions; esp
standard error	The standard deviation for a statistic's sampling distribution
jihadist	one who believes in jihad or Muslim holy war against infidels
imputation	The replacement of unknown, unmeasured, or missing data with a particular value
minimum observations	The number of observations necessary for evaluating physician performance.
distribution	A summary of the values that appear in a sample and the frequency, or probability, of each.
dependency analysis	Dependency analysis aims to find models that describe significant dependencies (or associations) between data items or events
probate estate	That portion of the assets and liabilities whose distribution is supervised by the courts in the probate process.
fastdata	Fund Administration and Standardized Document Automation
likert scale	In questionnaires, the answer format that requires the respondent to pick one of a few values along a scale
loading	The amount that must be added to the pure premium for expenses, profit, and a margin for contingencies
cdw	Collision Damage Waiver
normal probability plot	A normal probability plot, also known as a normal Q-Q plot or normal quantile-quantile plot, is the plot of the ordered data values (as Y) against the associated quantiles of the normal distribution (as X)
net profit margin	the ratio of net profits to revenues for a company or business segment – typically expressed as a percentage – that shows how much of each dollar earned by the company is translated into profits
tsa	Transportation Security Administration
welch-satterthwaite t test	The Welch-Satterthwaite t test is an alternative to the pooled-variance t test, and is used when the assumption that the two populations have equal variances seems unreasonable
company adjuster	An employee of an insurer who adjusts claims on behalf of that insurer for a salary.
material representation	A statement made to the underwriter before acceptance of risk, which is material to his decision in accepting and rating the risk.
fixtures	Permanent improvements to property that may not be removed at the expiration of the term of the lease or tenure.
home language	The language spoken most often at home by the individual at the time of the Census.
wta	Withholding Tax Allowance
going concern value	The value of a business enterprise that is expected to continue to operate into the future
centroid	The centroid of a set of multi-dimensional data points is the data point that is the mean of the values in each dimension
reinsurers	Insurers that accept all or part of the risk of another insurer.
conus	Continental United States
net present value	the value, as of a specified date, of future cash inflows less all cash outflows (including the cost of investment) calculated using an appropriate discount rate.
mvic / net sales	[Equity Price + Long Term Liabilities Assumed] / [Net Sales]
objectives	The ultimate purpose or purposes of a research study.
positive correlation	In a positive correlation, the two variables tend to move in the same direction
market study	Documented analysis to support valuation adjustments (e.g
fema	Federal Emergency Management Agency
substantial compliance rule	The rule that, where a policyholder has done everything possible to comply with the beneficiary change procedure set forth in the policy, but has failed because of circumstances beyond his or her control, the change will be effective.
parent parcel	When a parcel is subdivided into smaller lots, then the original parcel is called the parent parcel
valuation multiple	see Valuation Ratio
cost of capital	the expected rate of return that the market requires in order to attract funds to a particular investment.
ab	Air Base
de gaulle	powerful and charismatic French general in World War II and president of France, 1959-69.
occupier	(a) a person who, if a trespass has occurred, is entitled to maintain an action for trespass,
policy fee	Fee added to the periodic premium payments to cover undefined policy costs.
liquidity	The ability to quickly convert property to cash or pay a liability.
pos	Point of service
troubleshooting guide	A pre-defined action plan that defines appropriate corrective actions when out-of-control conditions occur
license examination	A requirement for all resident applicants who wish to qualify for an insurance license, unless exempt.
ppr	Post Payment Review
school attendance	Refers to either full-time or part-time (day or evening) attendance at school, college or university during the eight-month period between September and May
dividend addition	An amount of paid-up insurance purchased with a policy dividend and added to the face amount of the policy.
pollution	The presence in the environment of substances or contaminants that substantially alter or impair the usefulness of the environment
tour leader	A person who accompanies a tour group, usually with particular knowledge of the destination.
pattern	Analysts and statisticians spend much of their time looking for patterns in data
identification	Using marketing research to find and evaluate new opportunities.
guaranteed investment contract	An investment contract with an insurer in which the insurer guarantees both principal and interest on a pension contribution.
fop	Form of Payment
standard of value	The identification of the type of value being used in a specific engagement; e.g
majority control	the degree of control provided by a majority position.
extension	A fully arranged sub-tour offered optionally at extra cost to buyers of a tour or cruise
liability	Any legally enforceable obligation
cumulative percentage	Calculated by dividing the cumulative frequency by the number of observations and multiplying it by 100
normalized earnings	Economic benefits adjusted for nonrecurring, noneconomic, or other unusual items to eliminate anomalies and/or facilitate comparisons.
marina	A marina is a facility for temporary or permanent boat mooring, consisting of docks, floats or piers and services such as fuel and ship's stores.
motorcoach	A large, comfortable, well-powered bus that can transport groups and their luggage over long distances
peltast	a foot soldier or infantryman; derived from the word meaning a small, unrimmed shield; for an example, see Harvard 1959.219 (image).
non-forfeiture option	One of the choices available if the policyholder discontinues premium payments on a policy with a cash value
net book value	With respect to a business enterprise, the difference between total assets (net accumulated depreciation, depletion, and amortization) and total liabilities as they appear on the balance sheet (synonymous with Shareholder's Equity)
atm	Automated Teller Machine
mortgagor	The one who makes the mortgage; the borrower or debtor.
dtst	Defense Travel System-Tailored (sites without CTO and/or financial connectivity)
ebit	Earnings before Interest and Taxes - One definition of cash flow or operating profit.
minority discount	A discount for lack of control applicable to a minority interest.
report date	the date conclusions are transmitted to the client.
uin	Unique Identification Number
unit	Sleeping room or combination of bedroom and bathroom offered for rent as a unit for the overnight accommodation of a guest or guests
f&b	Food & beverage.
descriptive research	A form of marketing research that is used to provide detailed answers about customer markets.
special offers	Special offers are for sale on a limited basis (in time or availability)
iba	Individually Billed Account
location	The generalized concept of the "average" value of a distribution
robust	Robust statistical tests are tests that operate well across a wide variety of distributions
pmf	Probability mass function: a representation of a distribution as a function that maps from values to probabilities.
seasonally adjusted series	involves estimating and removing the cyclical and seasonal effects from the original data.
response error	The difference between the true answer to a question and the respondent's answer
farm	An area of land classified as such under the Assessment Act
book value	see Net Book Value.
plot	Personal Leave with Official Travel
stratified sampling	A sampling procedure in which the population is divided into homogeneous subgroups or strata and the selection of samples is done independently in each stratum.
book of common prayer	The book containing the structure and words for religious services in the Church of England
dba	Doing business as, usually referring to a person or firm doing business under another firm name.
variance	measures the spread of the data around the mean.
random rounding	A method whereby all figures in a tabulation, including totals, are randomly rounded (either up or down) to a multiple of "5" or in some cases "10"
improvements	Any building, fixture, or other similar structure attached to land or another improvement
family income policy	Special life insurance policy combining decreasing term and whole life insurance that pays a monthly income of $10 for each $1,000 of coverage if the insured dies within the specified period
variance report	A summary of how much a company has gone above or below budget.
extended term insurance	A form of insurance available as a non-forfeiture option
lien	A right of encumbrance affecting any property.
amendment	A formal document changing the provisions of an insurance policy signed jointly by the insurance company officer and the policyholder or his authorized representative.
black-scholes option pricing model	a model of price variation over time of financial instruments such as stocks that can, among other things, be used to determine the price of a European call option
histogram	A graphical display of a statistical distribution; a form of bar chart
ddc	Defense Distribution Center
sample	each unit in the population has a chance of being selected, and this probability can be accurately determined.
gift	A voluntary transfer of property to another person, made without receiving consideration in return.
supplementary contract	An agreement between a life insurance company and a policyholder or beneficiary by which the company retains the cash sum payable under an insurance policy and makes payments in accordance with the settlement option chosen.
waiver of premium	A provision in some policies to relieve the insured of premium payments falling due during a period of continuous total disability that has lasted for a specified length of time, such as three or six months.
skewed	Asymmetric distribution of the data values
pelagius	Monk who denied the doctrine of original sin and was declared a heretic
public authority	Means any of the following:(a) the government of Canada, the government of British Columbia or the government of another province, or an agent of any of them;(b) a local government body, educational body or health care body, as those terms are defined in the Freedom of Information and Protection of Privacy Act; (c) a first nation; (d) a body in another province or country that provides local government services;(e) any other body prescribed by regulation as a public authority for the purposes of one or more provisions of this Act or the
opm	Office of Personnel Management
cumulative frequency	Determines the number of observations that lie below a particular value
voting control	de jure control of a business enterprise.
investment risk	the degree of uncertainty as to the realization of expected returns.
protome	a depiction of the fore part of an animal's body; for an example, see Philadelphia L-29-40 (image).
data reduction	The process of calculating from several numbers one or fewer numbers
gc	General Counsel
exempt property	Property not liable to taxation and/or assessment.
multiple	The inverse of the capitalization rate.
mvic / discretionary earnings	MVIC / ([Net Income] + [Taxes] + [Interest Expense] + [Owners Compensation] + [Noncash Charges])
living benefits rider	A rider that allows insureds who are terminally ill or who suffer from certain catastrophic diseases to collect part of their life insurance benefits before they die, primarily to pay for the care they require.
rfp	Request for Proposal
articles of incorporation	A legal document explaining how a corporation is set up, how its officers are elected and guidelines for operation.
pilgrimage	a journey undertaken for religious reasons or toward a religious shrine
cost approach	a general way of determining a value indication of an individual asset by quantifying the amount of money required to replace the future service capability of that asset.
cuirass	piece of armour covering the front of the torso, generally connected to a back piece; cuirass may refer to both pieces, the complete torso armour
risk retention group	An alternative form of insurance in which members of a similar profession or business band together to self insure their risks.
nonresponse error	In surveys, the error that results when sampled respondents decline to answer the questionnaire, especially when these respondents, viewed as a whole, seems to be different those who do answer in a way that is important to the study.
dhs	Department of Homeland Security
clinical quality measures	A measure of an aspect of patient care based on administrative or medical record data.
mba	Military Bus Agreement
cdc	Central Data Center
baq	Basic Allowance for Quarters
fit	Acronym with multiple meanings
spread	The generalized concept of the variability of a distribution
massa damnata	The damned masses; all are condemned and need grace
debt-free	we discourage the use of this term
patient-centered	The inclusion of a patient's perspective about the overall treatment or care
transfer	The service of transportation from the modes of transportation (air, rail, bus, ship, boat) terminal to the accommodation.
state insurance department	A department of a state government whose duty is to regulate the business of insurance and give the public information on insurance.
linearity	In metrology, the difference in bias throughout the range of the measured instrument
objective methods	Methods of data collection, and especially of data analysis, characterized by the fact that they do not depend on the opinions or knowledge particular to an individual
r chart	A control chart that plots ranges
deposit	Partial payment used to hold space, usually refundable if cancellation is made enough in advance.
council of nicaea	First Ecumenical Council, AD 325; called to preserve unity of the church which was threatened by competing claims about the nature of Jesus Christ
current with re-entry premiums	Applicable to certain term life insurance policies; non-guaranteed premiums at the time of re-entry.
gates	Global Air Transportation Execution System
net written premiums	Premium income retained by insurance companies, directly or through reinsurance, after payments made for reinsurance.
dgc	Data General Corporation
price/earnings multiple	The price of a share of stock divided by its earnings per share.
kaaba	black, cube-shaped building in Mecca (Saudi Arabia) that is the most sacred site in Islam, visited by all Muslims on their pilgrimage
seasonal adjustment	A statistical technique used to remove the effect of normal seasonal fluctuations in data so underlying trends become more evident
somards	Standard Operations and Maintenance (Army R&D System)
ranges	Like S charts, R charts are typically used to monitor process uniformity, and measurement precision
cost to cure	Cost-to-cure is a measure used for curable physical deterioration and curable functional obsolescence.
mortgage	A conveyance of property to a creditor as security for payment of a debt with a right of redemption at a specified date.
probability	A frequency expressed as a fraction of the sample size.
smtp	Simple Mail Transfer Protocol
license application	An application form that must be completed in order to obtain a new license, an additional license, or a license reinstatement.
negligence	Failure to use the care that a reasonable and prudent person would have used under the same or similar circumstances.
disability	A physical or a mental impairment that substantially limits one or more major life activities of an individual
robust methods	Methods of data analysis that are robust are not strongly affected by extreme changes to small portions of the data; their answers do not change very much from the presence of outliers
life insurance	Insurance providing for payment of a specified amount on the insured's death, either to his or her estate or to a designated beneficiary; or in the case of an endowment policy, to the policyholder at a specified date.
substitution	Substitution replaces the dividend formula that would have been used in the current policy year (normally before any adjustments for loans) with a prior formula if greater
acs	American Community Survey
categorical data	Consists of data that can be grouped by specific categories (also known as qualitative variables)
unlimited mileage	It is rental car rates that allow the renter to drive an unlimited number of miles with no additional mileage charges.
surety	An insurance or bond that covers obligations to pay the debts of, or default of another, including faithlessness in a position of public or private trust.
cmds	Computer Misuse Detection System
propertius	(51 BCE d?) Roman poet; Propertius is best known for writing love poetry; his first two books consist mostly of love poems; he directed much of his poetry to a woman he names as “Cynthia”, although it is not known who Cynthia was supposed to be.
policyholder	The person who owns a life insurance policy
bah	Basic Allowance for Housing
olap	On-Line Analytical Processing tools give the user the capability to perform multi-dimensional analysis of the data.
principal sum	The amount payable in one sum in the event of accidental death and, in some cases, accidental dismemberment
cui	Common User Interface
philosophy	'love of wisdom'; rational investigation of theories and principles or knowledge, existence, and conduct.
issue age	The age of the insured at the time the policy is being issued.
tour	Any prearranged (but not necessarily prepaid) journey to one or more places and back to the point of origin.
divisible surplus	Represents that portion of a company's earnings for the year that have been designated for distribution as dividends to policy owners.
net lease	Generally a lease in which the tenant pays for utilities, janitorial services, and either property taxes or insurance, and the landlord pays for maintenance, repairs, and the property taxes or insurance not paid by the tenant. (Dictionary of Real Estate Appraisal 4th edition)
bin	A range used to group nearby values.
tangible assets	physical assets (such as cash, accounts receivable, inventory, property, plant and equipment, etc.).
persepolis	a large settlement in Persis where the Achmaeneid royalty kept a residence; in 331 BCE, Alexander the Great conquered Persepolis and razed it; Alexander's men burned and looted the city; archaeological excavations of Persepolis have unearthed many administrative texts and reliefs.
insurable interest	The insured's financial interest in the subject matter of the insurance
non-cancelable guaranteed renewable policy	An individual policy that the insured person has the right to continue to force until a specified age, such as to age 65, by the timely payment of premiums
close-ended question	In a survey, a question format that poses a question, and attempts to structure the answer (by yes-no, scale from 1 to 10, etc.)
pruning	Eliminating lower level splits or entire sub-trees in a decision tree
national producer number	The NPN is a unique identification assigned by the NIPR that identifies each entity in the State Producer Licensing Database.
adverse selection	The tendency of persons who present a poorer-than-average risk to apply for, or continue, insurance to a greater extent than do persons with average or better-than-average expecta tions of loss.
law of large numbers	Concept that the greater the number of exposures, the more closely will actual results approach the probable results expected from an infinite number of exposures.
capital structure	the composition of the invested capital of a business enterprise, the mix of debt and equity financing.
dla	Dislocation Allowance
stamping offices	Non-profit non-governmental agencies whose offices act as a liaison between the surplus lines producer and the state insurance department. Stamping office duties vary among the various states in which they exist
saints	a person recognized for having an exceptional degree of holiness
ui	User Interface
travel mission	A marketing activity carried out in foreign markets by public and private representatives of a destination
r-squared	A number between 0 and 1 that measures how well a model fits its training data
promotional activities	Designed to grab a customer’s attention to create a sale, e.g
lump-sum distribution	Payment within one taxable year of the entire balance payable to an employee from a trust, which forms part of a qualified pension or employee annuity plan on account of that per son's death, separation from service or attainment of age 59.
responsible person	Section 45 of the Environmental Management Act identifies those persons responsible for remediation of contaminated sites
spr	System Problem Report
cross purchase agreement	Specifies the terms for the surviving partners or shareholders to buy a deceased's share of the business's ownership.
non-operating assets	assets not necessary to ongoing operations of the business enterprise
age nearest	Age based on the individuals nearest birthday
wbt	Web Based Training
online research	Surveys, focus groups, and other research projects conducted via the Internet
lapse supported pricing	A pricing structure that uses gains from terminated policies to support subsequent values of policies remaining in-force
metropolitan area	Statistics Canada has created groupings of municipalities, or Census subdivisions, in order to encompass the area under the influence of a major urban centre
observation room	A room with a one-way mirror from which clients can observe and listen to focus groups without being seen
sampling	Creating a subset of data from the whole
fixed assets	All property, plant, leasehold improvements, and equipment, net of accumulated depreciation or depletion.
shape	Around the mode, the distribution is asymmetric; it drops off quickly to the right and more slowly to the left
contribution principle	The principle under which divisible surplus is distributed among policies in the same proportion as the policies are considered to have contributed to that surplus.
irrevocable trust	A trust in which the creator does not reserve the right to reacquire the trust property.
wants	Ways in which a person satisfies a basic need.
certificate of completion	A certificate issued by a provider to a student upon the successful completion of either prelicense education or continuing education courses
martyr	person who sacrifices a great deal or even dies for a principle or a righteous cause
edi-pi	Electronic Data Interchange – Personal Identifier
attained age	The age of the insured at the time of renewal (current age).
comp gen	Comptroller General of the United States
group creditor life insurance	Life insurance provided to debtors by a lending institution to provide for the cancellation of any outstanding debt should the borrower die
gtcc	Government Travel Charge Card
foreign agency or company	An agency or company organized under the laws of a state other than the one where insurance is written.
gross estate	All of the assets and liabilities owned at death.
nave	long hallway that serves as the main body of a church that leads to the altar
policy	The legal document issued by the company to the policyholder, which outlines the conditions and terms of the insurance; also called the policy contract or the contract.
focus group interview	A research interview format in which a trained, objective moderator facilitates respondents' discussion of a given topic
dbms	Defense Business Management System
mvic / ebit	[Equity Price + Long Term Liabilities Assumed] / ([Net Income] + [Interest Expense] + [Taxes])
excess earnings	that amount of anticipated economic benefits that exceeds an appropriate rate of return on the value of a selected asset base (often net tangible assets) used to generate those anticipated economic benefits.
mvr	Motor Vehicle Report.
ratio study	A study of the relationship between assessed values and market values
pod	Port of Debarkation
forfeiture	Forfeiture is the transfer of ownership of privately owned real property to the provincial Crown, due to the non-payment of rural property taxes
effective age	The age indicated by the condition and utility of a structure
vacancy	Seniors' housing vacancy is expressed as a per cent of potential gross income.
void policy	One that legally does not exist.
dormer	A window set vertically in a structure projecting through a sloping roof; also: the roofed structure containing such a window
model	An important function of data mining is the production of a model
cumulative premium	The total amount paid over the course of a specified amount of years.
kruidnoten	Small round crisp Dutch cookies, similar to pepernoten, but more tender and without anise
unsystematic risk	the risk specific to an individual security that can be avoided through diversification.
magnetic recordings	Allows for both reading and writing capabilities
t2hd	Tier 2 Help Desk
idt	Inactive Duty Training
deers	Defense Enrollment Eligibility Reporting System
guaranteed insurability	An option that permits the policyholder to buy additional stated amounts of life insurance at stated times in the future without evidence of insurability.
partnership	Several individuals acting under a partnership agreement as a single business. Generally two or more individuals own and operate the business jointly.
pilgrim	A person who makes a long journey to a sacred place out of religious devotion
protagonist	the leading character or hero in ancient Greek tragedy; in modern literary criticism, the central character in a drama or another
cost	A financial amount determined using actual unit prices per service or using unit prices from a standardized fee schedule
kurtosis	Kurtosis is a measure of the heaviness of the tails in a distribution, relative to the normal distribution
sale - company sale	Property was transferred as a corporate asset in purchase of a corporation
material facts	Any fact or circumstance that would affect the judgment of a prudent underwriter in considering whether he would accept the risk or not, and at which rate of premium.
contaminated sites	An area of the land in which the soil or any groundwater lying beneath it, or the water or the underlying sediment, contains
online sentence completion	An online qualitative research technique that uses an online survey format
farm income ratio	Actual Income/Required (Threshold) Income = Income Ratio.
insurance company	Any corporation primarily engaged in the business of furnishing insurance protection to the public.
documented process	Policies and procedures, process flow charts, protocols and other mechanisms that describe the methodology used by the organization to complete a task.
local areas	Local areas, established under the Local Services Act, are areas within which a particular service is provided and for which extra property taxes are levied on the residents by the provincial government
tcsec	Trusted Computer System Evaluation Criteria
sale	A real property transaction which involves the transfer of an interest in real property from one party to another party.
lapse	The termination or discontinuance of an insurance policy due to nonpayment of a premium.
minimum connect time	Defined as the minimum time necessary between linking flights - 30 minutes domestically, usually - ideally, at least a hour.
tr	Trip Request
hhg	Household Goods
sampling fluctuation	The extent to which a statistic takes on different values with different samples
bail bond agents	A bail bond is considered a three-part contract between the defendant, the government and the insurance company used to obtain the custody release of a defendant awaiting trial.
cp	Change Proposal
ceft	Corporate Electronic Funds Transfer
strata plan	A plan that shows real property divided into two or more strata lots.
select mortality	Descriptive of the mortality experience of newly underwritten insureds
chartered life underwriter	An individual who has attained a high degree of technical competency in the fields of life and health insurance and who is expected to abide by a code of ethics
credit report	A report obtained from a professional reporting company on the financial status of a licensee or applicant
goodwill	That intangible asset arising as a result of name, reputation, customer loyalty, location, products, and similar factors not separately identified.
one-way mirror	A special mirror that permits observers to watch a focus group without the respondents being able to see the observers
data quality	A degree or level of confidence that the data and statistical information are "fit for use"
sampling distribution	Because many have sampling distributions that are approximately normal, plus and minus 2 standard errors is usually an approximate 95 percent confidence interval.
valuation date	the specific point in time as of which the valuator’s opinion of value applies (also referred to as “Effective Date” or “Appraisal Date”).
bar chart	is a type of graph in which each column (plotted either vertically or horizontally) represents a
s	In order to determine the interquartile range, a data set is divided into four equal parts
chasuble	Outer poncho-like garment, worn by the priest or minister serving as celebrant at Holy Communion/Eucharist
palmifer	(Latin) palm-tree bearing.
athanasius	Theologian and later Patriarch of Alexandria; attended Council of Nicaea as a deacon where he defended doctrine that Christ is the same substance as God the Father against the Arian heresy
long term liabilities	Recorded on the balance sheet, a company’s liabilities for leases, bond repayments and other items due in more than one year
histogram	is a type of graph in which each column represents a
partnership agreement	A legal document specifying a business is jointly owned and specifying the legal and business arrangements of the partners.
first-time applicant	An applicant for an insurance license that has never held a resident license before in the state and must meet that state’s license requirements
ccg	Conuty Cost Group
usa	United States Army
outfitter	A business providing the equipment necessary for some adventure or activity, such as white-water rafting.
clustering	Clustering algorithms find groups of items that are similar
niat	Net Income After Tax
tenant improvements	Extensive tenant improvements can influence contract rents or they may be built into the asking rents as a tenant improvement allowance
optical scanner	A device that can electronically read responses on questionnaires.
gentry	a term for the class of important local families and government officials
deal structure	The form by which the purchase of a business is accomplished
farm income	With some exceptions set out in the Classification of Land as a Farm Regulation
present value	The value today of a future payment, or stream of payments, discounted at some appropriate compound interest (discount) rate.
rousseau	Jean-Jacques Rousseau, an18th-century Swiss philosopher who influenced the American and French Revolutions with his writings on education and politics, emphasizing the importance of feelings and passion in addition to reason
vital statistics	Statistics relating to births, deaths, marriages, health, and disease.
tweaking	For a process, the practice of routine adjustment in order to compensate for deviations from target
franchise insurance	Insurance under individual contracts issued to the employees of a common employer or the members of an association under an arrangement by which the employer or association agrees to collect the premiums and remit them to the insurer
hotel classification	There is no official classification or accepted rating system for U.S
third-party administrator	An organization or firm that administers self-insured funds or multiple employer trusts.
risk premium	a rate of return added to a risk-free rate to reflect risk.
ground operator	A company that provides local travel services, including transportation or guide services.
fair market value	The price, expressed in terms of cash equivalents, at which property would change hands between a hypothetical willing and able buyer and a hypothetical willing and able seller, acting at arms length in an open and unrestricted markets, when neither is under compulsion to buy or sell and when both have reasonable knowledge of the relevant facts
effective date	The date on which the insurance under a policy begins.
pluto	(see entry (2) in Perseus Encyclopedia) Roman god of underworld and the dead; also known as as Orcus, Dis, or Dis Pater; identified with Hades.
proscaenium	(Latin) the theater’s stage.
insured	The party who purchases insurance from an insurer who agrees to provide benefits or services.
accidental death benefit	A feature of a life insurance policy provid ing an additional benefit if the insured dies in an accident
multiple	the inverse of the capitalization rate.
praeses	Title of provincial governor in the late 2nd century and 3rd century Roman Empire
the joint commission	Joint Commission on the Accreditation of Healthcare Organizations
adjustable life insurance	A type of insurance that allows the policy holder to change the plan of insurance, raise or lower the face amount of the policy, increase or decrease the premium, and lengthen or shorten the protection period.
mechanic's lien	A claim filed in the land registry office by an individual, or company, for labour or material, or both, supplied for the improvement of the property (also referred to as a construction lien or repairer's lien).
dts	Defense Travel System
sale - government/expropriation sale	The property was purchased from a private individual or corporation by government for government or public purposes (e.g
gross profit	a company’s revenue minus its cost of goods sold
system	A voluntary building rating system that evaluates environmental performance from a "whole building" perspective over a building's life cycle
affine calibration	Especially in computer experiments, the practice of improving the agreement between predicted values and empirical responses by modifying one or more of the input factors (usually of the simulator) by linear transformations
cva	National Association of Certified Valuation Analysts designation.
pro forma statements	Statements that are used to illustrate the likely expectation of a series of events in a set period of time, i.e.: if we have completed ten months of a calendar year, and if we need to do the Phase One Business Analysis based on the completed year.
equity net cash flows	those cash flows available to pay out to equity holders (in the form of dividends) after funding operations of the business enterprise, making necessary capital investments, and increasing or decreasing debt financing.
adjusted gross estate	Approximately the net worth of the deceased—the beginning point for the computation of estate taxes.
teaser piece	A teaser piece can either be a rack brochure (*see "rack brochure" above), or a mailer, giveaway, or some other promotional piece that is intended to "tease" the receiver into taking a specific action.
open-ended questions	Questions that ask respondents to reply in their own words, as contrasted to Closed-Ended Questions or Precoded Questions.
life income option	Life insurance settlement option in which the policy proceeds are paid during the lifetime of the beneficiary
acor	Alternative Contracting Officer Representative
free cash flow	we discourage the use of this term
one-way mirror observations	The practice of viewing focus groups, depth interviews or other respondent interviews through a one-way mirror, so that the respondent cannot see the observers.
calibration	In metrology, the process or method for comparing actual readings to their known values, and also of making suitable adjustments so that the agreement between the two is improved.
one-group pretest-posttest design	A pre-experimental design with pre- and postmeasurements (i.e., before and after measurements), but no control group.
oconus	Outside Continental United States
revised roll	Includes amendments made by the assessor and the property assessment review panels during February and March of each year
jitc	Joint Interoperability Test Command
survey	involves collecting information from every unit in the population (a census), or from a subset of units (a sample) from the population.
parallelism assumption	For analysis of covariance (ANCOVA), it is assumed that the populations can each be correctly modeled by a straight-line simple linear regression
median	The value in the middle of a collection of ordered data
stability	The degree to which observations of a process can be represented by a single random "white noise" distribution, in which the prediction of the next value is not improved by knowing the process history.
rdbms	Relational Database Management System.
independent agency system	Type of property and liability insurance marketing system, sometimes called the American agency system, in which the agent is an independent businessperson representing several companies
after sales service	The process of contacting the customer after the sale
survey	A method of data collection that involves asking a fixed set of questions from selected individuals
non-profit organization	A non-profit organization is defined as a society constituted under the Society Act
transformation	A re-expression of the data such as aggregating it, normalizing it, changing its unit of measure, or taking the logarithm of each data item.
municipal heritage site	Section 967 of the Local Government Act and section 593 of the Vancouver Charter enable municipalities to designate heritage sites
net income	a company’s total earnings (or profit)
annual statement	The annual report, as of December 31, of an insurer to a state insurance department, showing assets and liabilities, receipts and disbursements, and other financial data.
capital retention approach	A method used to estimate the amount of life insurance to own
skewness	Skewness is a lack of symmetry in a distribution
mecca	the holiest city in the Islam, in Saudi Arabia
competitive market set	The range of properties of a specific type which a typical buyer or seller (investor) would normally consider as alternatives for comparison of investment opportunities.
market segment	A limited portion of the total consumer market.
collateral assignment	A temporary transfer of some, but not all, policy rights to a lender to provide security for a loan.
booking form	A document which purchasers of tours must complete to give the operator full particulars about who is buying the tour
equity price / ebt	[Equity Price] / ([Net Income] + [Taxes])
quotes or quotations	The prices staff research and prepare for clients
normal distribution	is a true symmetric distribution of observed values.
day tour	An escorted or unescorted tour that lasts less than 24 hours and usually departs and returns on the same day
ttt	Train-the-Trainer
legal reserve	The minimum reserve that a company must keep to meet future claims and obligations as they are calculated under the state insurance code.
aqa	Ambulatory Care Quality Alliance
manufactured home park	A Manufactured Home Park is "land used or occupied by a person for the purpose of providing space for the accommodation of one or more manufactured homes and for imposing a charge or rental for the use of the space
statutory accounting principles	Principles required by statute, which must be followed by an insurance company when submitting its financial statements to the various state insurance departments
percentiles	The proportion of values in a distribution that a specific value is greater than or equal to
negative correlation	In a negative correlation, the two variables tend to go in opposite directions
on-site programming	Educational or interpretive activities conducted by agency personnel within agency’s unit jurisdictional boundary.
current dollars	Dollars which express the cost of items in terms of the year in which the expenditure occurs
doha	Defense Office of Hearings and Appeals
accessibility	Accessibility reflects the availability of information from the holdings of the agency
chalice	Cup used in the sacrament of the Lord's Supper
carrier	A company that provides transportation services, such as motorcoach companies, airlines, cruise lines, and rental car agencies.
focus group	An interviewing technique whereby respondents are interviewed in a group setting
group life insurance	Life insurance usually without medical examination, on a group of people under a master policy
frequency table	A table presenting statistical data by putting together the values of a characteristic along with the number of times each value appears in the data set
jon	Job Order Number
dodd	Department of Defense Directive
inventory	Means Goods that are:
budgeted balance sheet	A budget that measures total assets and liabilities.
unusual financing	The purchaser used unconventional financing to purchase the property
sell	To exchange a contract of insurance by any means, for money or its equivalent, on behalf of an insurance company.
eas	Electronic Access System
shuttle	The word shuttle could have several meanings
valuation adjustments	A market derived factor used in mass appraisal processes to account for variations within a competitive set or market area between the value of benchmark properties and specific properties with different attributes.
ratio	A proportional relationship between two different numbers or quantities, or in mathematics a quotient of two numbers or expressions, arrived at by dividing one by the other.
going concern value	the value of a business enterprise that is expected to continue to operate into the future
specification limits	The numerical values defining the interval of acceptability for a particular characteristic.
gsa	General Services Administration
lessee	Tenant under a lease.
coefficient of variation	a statistical measure of the dispersion of data points in a data series around the mean
cash flow	Cash that is generated over a period of time by an asset, group of assets, or business enterprise
insurance producer	A person required to be licensed under the laws of this state to sell, solicit or negotiate insurance.
shape	The general form of a distribution, often characterized by its skewness and kurtosis (heavy or light tails relative to a normal distribution).
bad faith	The allegation that insurers have failed to act in good faith, i.e., that they have acted in a manner inconsistent with what a reason able policyholder would have expected.
fddi	Fiber Distributed Data Interface
scr	System Change Request
pilgrimage	A journey people took for religious reasons
process	A combination of people, procedures, machinery, material, measurement equipment, and environmental conditions for specific work activities
underwriting classes	Classification given to an individual based on personal and family health history.
grant rolls	Grants in Lieu of Taxes (GILT) for provincial purposes and Payments in Lieu of Taxes (PILT) for federal purposes rolls (also known as "grant rolls") are produced by BC Assessment for use by taxing authorities as well as provincial and federal government ministries and Crown corporations responsible for GILT and PILT.
lot	Any portion, piece, division, or parcel of land
replacement cost new	The current cost of a similar new property having the nearest equivalent utility to the property being valued.
dispersion	Describes how much the observations vary around the central tendency.
electronic signature	An electronic signature is information in an electronic form that a person has created or adopted in order to sign a record and that is in, attached to or associated with the record
statistics	A type of information obtained through mathematical operations on numerical data.
experiment	Responses usually depend on the choice of metrology tool
adjusting	The process of investigating and settling losses with or by an insurance carrier.
parish	a smaller division of a county in Ireland that was originally the area served by the local church
cash flow	cash that is generated over a period of time by an asset, group of assets, or business enterprise
moor	Member of a northwestern African Muslim people of mixed Berber and Arab descent; they conquered the Iberian peninsula in the 8th century and were driven out at the end of the 15th century
cemetery services	Means the operation of a place of interment or crematorium and the disposition of human remains by interment or cremation and includes the supply of goods incidental to and as a part of interment or cremation, but does not include the sale of rights of interment
apparent authority	Agency authority a person has because a principal has created the appearance of authority to a third person.
grantor	The person who conveys or legally assigns property to another.
cgi	Common Gateway Interface
cola	Cost of Living Allowance
probability plot	A plot designed to assess whether an observed distribution has a shape consistent with a theoretical distribution, especially with the normal distribution
col	Certifying Officer Legislation
contract law	The portion of civil law that interprets written agreements between parties and resolves disputes between them.
statistic	A function that will produce a numerical figure whose value may vary with different outcomes of an experiment (e.g
ot	Operational Test
minimum group	The least number of employees permitted under a state law to affect a group for insurance purposes; the purpose is to maintain some sort of proper division between individual policy insurance and the group forms.
direct response system	A marketing method where insurance is sold without the services of an agent
industry	A grouping of producers or service-providers assembled on the basis of the homogeneity of their products or services.
accounts receivable	Money owed by customers (individuals or corporations) to another entity in exchange for goods or services that have been delivered or used, but not yet paid for
axios	"[he is] worthy;" an acclamation made by the faithful at the ordination of bishops, priests and deacons in the Orthodox and Eastern Catholic churches
lan	Local Area Network
polybius	a Greek historian; Polybius was brought to Rome from Aetolia in Greece as a hostage in 167 BCE; he wrote primarily to explain how Rome became such a powerful state on the world stage; since he was part of the governing class and had been the tutor of Scipio Africanus the Younger, Polybius had a unique position to see and write about history.
icon	Stylized image of Christ, the Virgin, or saints, for devotional use in church or home; a window into heaven; present in Eastern Rite churches since the 6th century
free cash flow	Cash available for distribution after taxes but before the effects of financing
sct	Special Circumstance Travel
loss reserve development	How the latest estimate of an insurance company's claim obligations compares to an earlier projection.
median	The value of the middle item when the data are arranged from lowest to highest; a measure of central tendency
order bias	Respondents tend to favor the first answer choice presented
charge	an estate or interest in land less than the fee simple and includes(a) an estate or interest registered as a charge under section 179, and (b) an encumbrance.
boq	Bachelor Office's Quarters
valuation ratio	a fraction in which a value or price serves as the numerator and financial, operating, or physical data serves as the denominator.
response surface model	A polynomial model of several factors, especially one including terms for linear, quadratic, and second-order crossproducts.
heterogeneous	A descriptor generally applied to single family residential neighbourhoods with a diversity of construction types, features, and age of housing
appraisal approach	see Valuation Approach.
trespass	Trespass is an unlawful interference with one's property; at common law, trespass to land is every unauthorized and direct breach of the boundaries of another's land
ds	Directory Server
rentable area	The tenant's Usable Area (refer to definition below) plus an adjustment (or "gross-up") for a proportionate share of common areas, elevator lobbies and washrooms on the floor
smerf	A sub-group of the meetings and convention market that includes social, military, education, religious or fraternal groups and associations.
interest during construction	The cost of borrowing money to meet project construction expenditures
shrapnel	metal fragments of an exploded bomb
deadhead	(1) A person traveling on a free pass; more specifically a transportation crew or crew-member in transit
sfis	Standard Financial Information Structure
indemnity	Indemnity is the legal principle that ensures that a policy holder is restored to the same financial position after the loss as he was in immediately prior to the loss.
rate of return	An amount of income (loss) and/or change in value realized or anticipated on an investment, expressed as a percentage of that investment.
tcp/ip	Transport Control Protocol/Internet Protocol
economic policy	Special type of participating whole life insurance in which the dividends are used to buy term insurance or paid-up additions equal to the difference between the face amount of the policy and some guaranteed amount.
common size statements	financial statements in which each line is expressed as a percentage of the total
prototype plan	A standardized plan, approved and qualified as to its concept by the Internal Revenue Service, which is made available by life insurance companies, banks, and mutual funds for employers' use.
solicit	Attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular company.
drayage	Delivery of exhibit materials from the dock to an assigned exhibit space, removing empty crates, returning crates at the end of the event for re-crating, and delivering materials back to the dock for carrier loading.
cross-validation	A family of methods based on the idea that the most unbiased test of the predictive error is by applying it to data that was not used in the building of the initial predictive model
p&r	Personnel and Readiness
insurance age	Age based on the individual's nearest birthday
i&a	Identification and Authentication
capital recapture	The return of equity in an investment as distinguished from the return on equity
mha	Military Housing Area
standard deviation	The square root of variance, standard deviation, measures the spread or dispersion around the mean of a data set
ordinary life	Synonymous with whole life and straight life
one-sided question	A leading question in a survey that presents only one aspect of an issue
prevention	The class of process monitors and corrective actions taken before production material is placed in jeopardy.
non-sale	A non-arm's length property transaction that does not reflect the market.
life insurance in-force	The sum of the face amounts, plus dividend additions, of life insurance polices outstanding at a given time
latin hypercube sampling	A computer experimental method that uses Latin hypercube designs in order to estimate distributions of the simulator outputs
level premium life insurance	Life insurance for which the premium remains the same from year to year
total current assets	Cash and Equivalent plus Trade Receivables plus Inventory plus Other Current Assets.
neural nets	See neural network models.
ordinal variable	A type of categorical variable: an ordinal variable is one that has a natural ordering of its possible values, but the distances between the values are undefined
translation	Removal of holy objects (such as relics) from one place to another
business valuation	The act or process of determining the value of a business enterprise or ownership interest therein.
usd	Under Secretary of Defense
trailblazing signage	Signs to aid the public in arriving at a particular location.
crozier	Bishop's gold-colored staff, shaped like a shepherd's crook; symbol of office showing that, like the Good Shepherd, bishops are spiritual shepherds to the people; also crosier
prospective study	A kind of nonexperimental study in which sample selection and all investigated phenomena occur after the onset of the study
alsace	Northeastern region of France, borders on Germany
precision	The precision of an estimate of a parameter in a model is a measure of variability of the estimate over other similar data sets
bar graph	A diagram that compares bars of the same width but of different heights according to the statistics or data they represent
agent	An insurance company representative licensed by the state, who solicits, negotiates, or effects contracts of insurance, and provides service to the policyholder for the insurer.
penelope	faithful wife of Odysseus, mother of Telemachus; holds suitors at bay for 20 years by weaving Laertes' shroud by day and unraveling it by night because she would not remarry until the shroud was complete.
educational/interpretive signage	Simple sign or label that provides basic information to aid visitor in orientation to or understanding of the location.
one-shot case study	A pre-experimental design with an after measurement only
waiting time	The amount of time customers stay before their call reaches an agent, an Interactive Voice Processor (IVP), or an Voice Response Unit (VRU).
stock life insurance company	A life insurance company owned by stockholders who elect a board to direct the company's management
relative risk	A ratio of two probabilities, often used to measure a difference between distributions.
errors and omissions insurance	Insurance coverage equivalent to malpractice insurance, protecting an agent’s or operator’s staff if an act of negligence, an error, or an omission occurs that causes a client great hardship or expense.
pro rata cancellation	When the policy is terminated midterm by the insurance company, the earned premium is calculated only for the period coverage was provided
going concern	An operating business enterprise that is expected to continue
census	The collection of information about all units in a population, sometimes also called a 100% sample survey
srd-1	STANFINS Redesign (disbursing system)
back to back	A term used to describe tours operating on a consistent, continuing basis
malt	Monetary Allowance in Lieu of Transportation
decennial census	Censuses are held at the beginning of each decade, in years ending with the number 1
surplus land	Land not necessary to support the highest and best use of the existing improvement but, because of physical limitations, building placement, or neighbourhood norms, cannot be sold off separately
regression equation	An equation whereby one unknown variable can be predicted using the given value of one or more other variables
waitlist	A list of clients awaiting transportation or accommodations at times when they are not available
tour operator	A company that creates and/or markets inclusive tours and/or performs tour services and/or subcontracts their performance
contract rates	Special rates which have been negotiated between a supplier and a tour wholesaler/travel agency.
crown	A reference to either the provincial or federal Government
net worth	The amount by which assets exceed liabilities
disposition	As opposed to prevention.
name approval	Official name, assumed name, or trade name of an agency on file and approved by the insurance department as required in some states.
data capture	The process of putting responses into a machine-readable medium.
fsa	Family Separation Allowance
application	A signed statement of facts made by a person applying for life insurance and then used by the insurance company to decide whether or not to issue a policy