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3 terms

Dictionary — X

X-Date, XBRL, X-Ray Evidence. Each definition explains what the term means and why it changes a number.

X DICTIONARY

X-Date

The projected date on which a government exhausts its borrowing capacity and can no longer meet all obligations on time.

Why it matters: It moves markets and interest rates, which feeds straight through to mortgage and loan pricing.

XBRL

eXtensible Business Reporting Language, the tagged data format regulators require for financial filings.

Why it matters: It is why company financials can be compared automatically rather than read one document at a time.

X-Ray Evidence

Diagnostic imaging used to establish the existence, extent and timing of an injury.

Why it matters: Imaging dated close to the incident is one of the hardest things for an insurer to argue with.

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