Key Person Insurance, Kelley Valuation, Kickout Clause, KPI and more. Each definition explains what the term means and why it changes a number.
A policy owned by a business on an individual whose loss would materially damage it, paying the company rather than the family.
Why it matters: Lenders and investors frequently require it before funding a company that depends on one or two people.
Run the life insurance needs →Shorthand for third-party vehicle valuation guides used to establish actual cash value after a total loss.
Why it matters: Adjuster valuations are negotiable, and comparable local listings are the evidence that moves them.
Run the insurance claim value →A contract term letting a seller continue marketing a property and terminate if a better offer arrives.
Why it matters: It is why a signed contract does not always mean a property is off the market.
Run the cash offer vs listing →A key performance indicator: a small number of measures chosen to represent whether something is working.
Why it matters: Tracking twenty measures is the same as tracking none, because nothing gets acted on.
Run the cac & ltv →Scheduled unpaid or compensatory days off used to keep shift workers within hours limits.
Why it matters: They affect overtime calculations, which now feed directly into a federal tax deduction.
Run the no tax on overtime deduction →An agreement where each party bears its own losses regardless of fault.
Why it matters: Common in offshore and marine contracts, it can remove a claim you assumed existed.
Run the oil rig & offshore injury →