Conditional Probability: Elements and Exact-Existence Examples

Conditional Probability: Elements and Exact-Existence Examples

What Is Conditional Probability? Conditional probability is defined as the likelihood of an event or outcome occurring, based on the occurrence of a previous event or outcome. Conditional probability is calculated by multiplying the probability of the preceding event by the updated probability of the succeeding, or conditional, event. Conditional probability can be contrasted with

Conditionally Renewable Protection Definition

Conditionally Renewable Protection Definition

What is a Conditionally Renewable Policy? A conditionally renewable insurance policy contains a provision that permits the insurer to not allow a policy to be renewed under certain conditions. A conditionally renewable provision is generally offered to insureds in high-risk occupations and is frequently found in group or association type coverage. Key Takeaways Conditionally renewable policies

Conditional Order

Conditional Order

What Is a Conditional Order? A conditional order is an order that includes one or more specified criteria. Generally conditional orders refer to more complex order types used in advanced trading strategies. The most common type of conditional order is a limit order, which specifies a fixed price above (or below) which a purchase (or

Conduit Financing Definition

Conduit Financing Definition

What Is Conduit Financing? Conduit financing is a means for private companies, nonprofit organizations (NPO), and public entities to raise capital via tax-exempt municipal bonds to fund large-scale projects that typically benefit the general public. Such projects can include hospitals, airports, industrial and housing projects, public facilities, and schools. Municipal bonds are a form of