Going out on a limb - body parts and others. Throughout our history, we've hit the headlines for insuring the weird or rather wonderful body parts of celebrities. 1920s Silent film comedian Ben Turpin famously bought a $25,000 insurance policy with Lloyd's, payable if his trademark crossed eyes ever uncrossed.
What is 'Enterprise Resource Planning - ERP'. Enterprise resource planning (ERP) is a process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance and human resources.
What Is GAAP Accounting? GAAP--generally accepted accounting principles--are a common set of accounting rules, standards and procedures. They are used to prepare, present and report financial statements for publicly traded and privately held companies, nonprofit entities and federal and state governments in the United States.