Accountancy

Accountancy

Industry: Financial services

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Accountancy

reinsurance contract

Financial services; Accountancy

An insurance contract issued by one insurer (the reinsurer) to compensate another insurer (the cedant) for losses on one or more contracts issued by the cedant.

reinsurer

Financial services; Accountancy

The party that has an obligation under a reinsurance contract to compensate a cedant if an insured event occurs.

related party

Financial services; Accountancy

A party is related to an entity if: (a) directly, or indirectly through one or more intermediaries, the party: (i) controls, is controlled by, or is under common control with, the entity (this ...

related party transaction

Financial services; Accountancy

A transfer of resources, services or obligations between related parties, regardless of whether a price is charged.

relevance

Financial services; Accountancy

Information has the quality of relevance when it influences the economic decisions of users by helping them evaluate past, present or future events or confirming, or correcting, their past ...

A feature that provides for an automatic grant of additional share options whenever the option holder exercises previously granted options using the entity’s shares, rather than cash, to satisfy the ...

reliability

Financial services; Accountancy

Information has the quality of reliability when it is free from material error and bias and can be depended upon by users to represent faithfully that which it either purports to represent or could ...