Occurring two times per year; also called semiannual. On the other hand, biennial means occurring each two years....

Person who will become the beneficiary if the original beneficiary dies before the insured. It is the policyholder's second election as beneficiary, dependent on the status of the primary beneficiary....

Generally, a tight market does not offer too much opportunity for negotiations.  More precisely, a tight market means a trading environment where the spreads between the asking and offer price of goods, security, commodity, services, and real estate are small.  The tight market in econom...

Person selected by a judge or creditors of a bankrupt individual to handle matters including the sale of the bankrupt's assets, management of the funds from the sale of those assets, payment of expenses, and distribution of the balance to creditors. The trustee is usually compensated with a specifie...