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Category: I

Incorporation

Definition Incorporation is the legal process of forming a new corporation or business entity under the regulations and laws of a specific jurisdiction. This process

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Incremental Cost

Definition Incremental cost, also known as the marginal cost, is the total change in a company’s cost when production volume is increased by one unit.

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Incumbency Certificate

Definition An incumbency certificate is a legal document issued by a corporation which lists the names and positions of the company’s current officers and directors.

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Incoterms

Definition Incoterms, short for International Commercial Terms, are a set of predefined rules and guidelines established by the International Chamber of Commerce (ICC) to clearly

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Incremental Analysis

Definition Incremental analysis, also known as marginal analysis, is a financial decision-making technique used to assess the additional costs and benefits of two or more

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Incontestability Clause

Definition The Incontestability Clause is a provision in life insurance policies that restricts the insurer’s ability to dispute or deny a claim after a certain

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