What Is Scheduled Personal Property? Scheduled personal property is a supplemental insurance policy that extends coverage beyond the standard protection provided in a homeowners’ insurance policy. By purchasing a scheduled personal property policy, owners can ensure full coverage of expensive items, such as jewelry, in the event of a claim. Key Takeaways Scheduled personal property is an additional
What Is a Scheduled Recast? A scheduled recast is a recalculation of the remaining payment schedule of principal and interest payments for a mortgage. A mortgage is a type of loan in which a bank lends to a borrower for the purchase of a home. The recast is done on a predetermined or scheduled date. Some mortgage
Schedule F is a section in an annual insurance statement in which reinsurance transactions are disclosed. It is used by regulators to identify the different reinsurance arrangements that an insurer may be taking part in, and provides an indicator of whether the insurer will be able to collect reinsurance recoverables if losses are incurred. Schedule
What Is Schedule K-1? Schedule K-1 is a federal tax document used to report the income, losses, and dividends for a business’ or financial entity’s partners or an S corporation’s shareholders. The K-1 form is also used to report income distributions from trusts and estates to beneficiaries. A Schedule K-1 document is prepared for each
What Is Schedule L: Transactions with Interested Persons? Schedule L is a tax schedule attached to IRS Form 1040 that is used to calculate the standard deduction for certain tax filers. Schedule L is only used by taxpayers who are increasing their standard deduction by reporting state or local real estate taxes, taxes from the
What Is Schedule TO? Schedule TO is a regulatory filing with the Securities and Exchange Commission (SEC) required of a party that makes a tender offer under the Securities Exchange Act of 1934 that would result in more than 5% ownership of a class of the company’s securities. The tender offer statement is governed by section 14(d)(1) or 13(e)(1) of
What Is a Schedule TO-C? A schedule TO-C is filed with the Securities Exchange Commission (SEC) when any written communications take place relating to a tender offer. Schedule TO-C is a subset of the Schedule TO filing—also referred to as a tender offer statement. Key Takeaways A schedule TO-C is filed with the Securities Exchange Commission
What Is Supply Chain Management (SCM)? Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business’s supply-side activities to maximize customer value and gain a competitive advantage in the marketplace. Key Takeaways Supply chain
What Is Scrambled Assortment? Scrambled assortment is a strategy in which a company carries products outside of its primary line of business in order to attract more customers. The logic behind a scrambled assortment strategy is to reasonably serve as many customers as possible by giving them as many options as possible. In other words, a
What Is Scrap Value? Scrap value is the worth of a physical asset’s individual components when the asset itself is deemed no longer usable. The individual components, known as scrap, are worth something if they can be put to other uses. Sometimes scrap materials can be used as-is and other times they must be processed
