Trading TermsCrack Spreads Bayes Decision Rule Contra Funds Value at Risk (VaR) Confidence Level Commercial Invoice
Open policy (OP)
An open policy is a form of insurance that offers coverage for multiple future shipments, with no set limit. This type of policy remains active until either the insurer or insured party decides to cancel it. In an open policy, each individual shipment is reported to the insurer and automatically covered from the policy's start date. This approach can benefit both the insurer and insured by streamlining the process and saving costs, especially for those with a high volume of similar transactions.
Related terms
Understand the meaning and definition of Crack Spreads in the context of stock market, trading, and investments.
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MOREUnderstand the meaning and definition of Contra Funds in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Value at Risk (VaR) in the context of stock market, trading, and investments.
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MOREUnderstand the meaning and definition of Commercial Invoice in the context of stock market, trading, and investments.
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