What Is a Consensus Estimate? A consensus estimate is a forecast of a public company’s projected earnings based on the combined estimates of all equity analysts that cover the stock. Generally, analysts predict a company’s earnings per share (EPS) and revenue numbers for the quarter, fiscal year (FY), and future FYs. The size of the company and
What Is Consequential Loss? A consequential loss is an indirect adverse impact caused by damage to business property or equipment. A business owner may purchase insurance to cover any damage to property and equipment, and may also obtain coverage for secondary losses. A consequential loss policy or clause will compensate the owner for this lost
What Is Conservative Growth? Conservative growth is an investment strategy that aims to grow invested capital over the long term. These funds typically target long-term investors who place high importance on wealth preservation but would also like to take advantage of some of the market’s high growth opportunities. Conservative growth funds usually allocate a high
What Is Computer Abuse? Computer abuse is the legal term for the use of a computer to carry out improper or illegal activities, but which do not constitute financial crimes that would be classified as wire fraud. Examples of computer abuse include using a computer to expose personally identifiable information (PII) such as Social Security
What Is Computer Crime Insurance? Computer crime insurance covers losses to a business from crimes committed through the misuse of its computers by company employees. Such policies are one option on a long list of insurance policies that can be purchased by businesses or individuals to cover a wide range of crimes, including identity theft
What Is Concealment? Concealment is the omission of information that would affect the issuance or the rate of an insurance contract. If the insurer has no access to the nondisclosed information and that information is material to the decision-making process, the insurer can nullify the insurance contract. Should the provider learn of withheld information after the policyholder files
What Is a Concentration Account? A concentration account is a deposit account used to aggregate funds from several locations into one centralized account. Institutions use concentration accounts to process and settle internal bank transactions, often with same-day settlement. Key Takeaways A concentration account is a deposit account at a bank used to aggregate funds from
What Is a Concentration Bank? A concentration bank is a financial institution that is the primary bank of a specific organization. A concentration bank may also be where the organization conducts most of its transactions. Several organizations use multiple banks but generally deal significantly with one bank (the concentration bank). Key Takeaways A concentration bank
What Is a Concession? A concession—also known as a selling concession—is the compensation a selling group receives as part of a stock or bond underwriting agreement. The calculation of compensation is the difference between what the public pays for the securities and what the issuing company receives from the sale based on a per-share or a per-bond
What Is a Concession Agreement? A concession agreement is a contract that gives a company the right to operate a specific business within a government’s jurisdiction or on another firm’s property, subject to particular terms. Concession agreements often involve contracts between the nongovernmental owner of a facility and a concession owner, or concessionaire. The agreement
