HomeDefinitionsCompareDebt Loss control activitiesThe financial definition for Loss control activities:Actions that an insured person or company takes at the instigation of an insurance company in order to prevent accidents or losses. Similar MatchesGrandfathered activitiesGrandfathered activitiesNonbank activities, some of which would normally not be permissible for bank holding companies and foregin banks in the United States, but which were acquired or engaged in before a particular date. Such activities may be continued under the "grandfather" clauses of the Bank Holding Company Act and the International Banking Act. Permissiable nonbank activitiesPermissiable nonbank activitiesFinancial activities closely related to banking that may be engaged in by bank holding companies (BHCs), either directly or through nonbank subsidiaries. For example, a BHC might own finance companies or engage in mortgage banking. The Federal Reserve Board determines which activities are closely related to banking. Before making such activities permissible, the Board must determine that performance of the activities by bank holding companies is in the public interest. Short run operating activitiesShort run operating activitiesEvents and decisions concerning the short-term finance of a firm, such as how much inventory to order and whether to offer cash terms or credit terms to customers. Further SuggestionsUltra vires activitiesClick to compare definitions of Loss control activities Click to view definitions beginning lo |