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<strong>Add Loan</strong> – Application processing feature within MODEL Direct. The Add Loan process provides a realtime guarantee for loan applications.
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output budgeting (H6, M2)<br />The division of an organization's budget into sub-budgets so that expenditures and output can be compared. Although this disaggregation is often arbitrary, it is a conscious attempt to improve the effectiveness of expenditure, particularly in the US public sector. Also known as the PLANN!NG, PROGRAMM!NG, BUDGET!NG system.
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reinsurance (G2)<br />Spreading an insurance risk by making a treaty with other insurance companies to accept part of the risk in return for a share of premium income - hence this has been described as 'insuring the insurer'. Large assets such as ships and aircraft could not be insured if reinsurance were not available.
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