What Is an Asset Valuation Reserve (AVR)? An asset valuation reserve (AVR) is capital required to be set aside to cover a company against unexpected debt. The asset valuation reserve (AVR) serves as a backup for equity and credit losses. A reserve will have capital gains or losses credited or debited against the reserve account.
What Is Asset Valuation Review (AVR)? The term asset valuation review (AVR) refers to a process that establishes an estimate of the value of a failed bank’s assets. Banks may fail for a number of reasons. The most common occurrence is when the value of their assets drops below market value—well below their liabilities. The
What Is Assigned Risk? Assigned risk is when an insurance company is required, by state insurance law, to provide coverage for risk that may not find coverage in the general insurance marketplace. In order to compensate insurers for the potential losses associated with such mandated coverage, insurers will often pool funds and share the assigned
What Is an Assignee? An assignee is a person, company, or entity who receives the transfer of property, title, or rights from another according to the terms of a contract. The assignee receives the transfer from the assignor. For example, an assignee may receive the title to a piece of real estate from an assignor.
What Is an Assembly Language? An assembly language is a type of low-level programming language that is intended to communicate directly with a computer’s hardware. Unlike machine language, which consists of binary and hexadecimal characters, assembly languages are designed to be readable by humans. Low-level programming languages such as assembly language are a necessary bridge
What Is an Assembly Line? An assembly line is a production process that breaks the manufacture of a good into steps that are completed in a pre-defined sequence. Assembly lines are the most commonly used method in the mass production of products. They reduce labor costs because unskilled workers are trained to perform specific tasks.
What Is Assembly Service? The term assembly service refers to a shipping or transportation service in which a number of small shipments are combined into a single one. This service may be provided for shipments to one party or multiple customers at once. Assembly service is offered by freight forwarders and carriers. Customers who use
What Is Assessable Capital Stock? Assessable capital stock is capital stock that could subject shareholders to liabilities above what they paid for their shares. Assessable capital stock stands in contrast to non-assessable capital stock, where shareholders can only lose the amount they invested. Holders of assessable shares might have to provide additional funding whenever a
What Is an Assessable Policy? An assessable policy is a type of insurance policy that may require the owner to pay additional funds to cover an insurer’s losses if they are greater than its reserves. Assessable policies, sometimes referred to as assessment insurance, are commonly associated with mutual insurance companies, which are groups of individuals and businesses
What Is Assessable Profit? Assessable profit is a calculation used in tax law to determine an individual’s taxable income based upon gains or losses on funds held in taxable investment accounts. The term “assessable” references profits that are capable of being assessed for taxation purposes. It is taken net of items such as investment account
