Admiralty Court Definition

Admiralty Court Definition

What Is an Admiralty Court? An admiralty court is a tribunal with jurisdiction over maritime law, including cases regarding shipping, ocean, and sea laws. Historically, admiralty courts were a separate part of the court system. In modern times, these cases may be assigned within the regular court system, usually at the federal or Superior Court

Admitted Assets Definition

Admitted Assets Definition

What Are Admitted Assets? Insurance companies typically classify their assets into one of three categories: admitted assets, invested assets, and non-admitted or other assets. In contrast with most companies that follow GAAP accounting principles, they use statutory accounting (STAT) set by the National Association of Insurance Commissioners (NAIC) to report financial data. Under STAT accounting

Admitted Insurance policy Defined

Admitted Insurance policy Defined

Admitted insurance refers to coverage offered by insurance providers who are licensed to operate by the state insurance agency in which they’re based. These agencies govern nearly all aspects of an admitted insurance company’s operations, including capitalization requirements, policy forms, rate approvals, and claims handling. Contrarily, non-admitted insurance companies are not subject to these regulations. Key

Adopter Categories Definition

Adopter Categories Definition

What are Adopter Categories? Adopter categories divide consumers into segments based on their willingness to try out a new innovation or product. Key Takeaways Adopter categories divide consumers into segments based on their willingness to try out a new innovation or product.Adopter categories, as a term, is part of the Diffusion of Innovations Theory and

Advance Block

Advance Block

What Is an Advance Block? Advance block is the name given to a candlestick trading pattern. The pattern is a three-candle bearish setup that is considered to be a reversal pattern—a suggestion that price action is about to change from what had been an upward trend to a downward trend in relatively short time frames.

Complex Corporate (TSX Mission) Definition

Complex Corporate (TSX Mission) Definition

What Is an Advanced Company (TSX Venture)? An advanced company is a public corporation listed on Canada’s TSX Venture Exchange that satisfies the exchange’s Tier One listing standards. The TSX Venture Exchange primarily lists emerging young companies seeking venture capital. Advanced or Tier One companies have significant financial assets and directors with proven reputations. Tier