Category: S

In forest law. A court holden before the verderors, as judges, by the steward of the sweinmote, thrice in every year, the siceins or freeholders within the forest composing the jury. Its principal jurisdiction was

To enlarge or increase. In an action of tort, circumstances of aggravation may “swell” the damages.

Society for Worldwide Interbank Financial Telecommunications. Global network of communication giving banks 24 hour secure exchange internationally.

Codes used by banks around the world organized by SWIFT.

A term colloquially applied to a witness who is unduly zealous or partial for the side which calls him, and who betrays his bias by his extreme readiness to answer questions or volunteer information.

An over the counter derivative with periodic payments. They mature in 1 to 10 years. For the foreign markets it is a pair of spot and forward transactions. The spot offsets the forward. Refer to basis, catastrophe reinsurance, complex, discount, offmarket

The illustration graphically showing possible returns for changing/swapping maturity dates.

Provision where pregnancy covers members in a group health plan but coverage is terminated at the end of the plan even if a pregnancy is still progressing.

In swapping currency. It is the forward rate of exchange that is expressed in terms of premiums or discounts from spot rate.

The difference between the swap rate and the benchmark government bond rate. The wider the spread the worse the credit.