Glossary

Interest rate risk is the risk associated with any contractual agreement or financial transaction wherein interest income on liquid assets (1) is critical to the success of the transaction, and (2) the future value of which is not known or guaranteed.

An interim bill is any bill for legal services prior to the final one.

Interim status is the period during which treatment, storage, and disposal facilities coming under the Resource Conservation and Recovery Act (RCRA) are temporarily permitted to operate while awaiting a permanent permit.

The Interjurisdictional Agreement on Workers Compensation is a special agreement between the Canadian provincial workers compensation funds that allows many employers to report earnings and pay premium in the province in which they are domiciled for work being performed by their workers in another province as long as that province does not require assessment there.

The Interjurisdictional Trucking Agreement is a special agreement between the Canadian provincial workers compensation funds that provides trucking companies with an optional assessment program that simplifies the reporting of payrolls in the various jurisdictions.

Interlining refers to transportation of cargo by two or more carriers—for example, two motor carriers or two airlines.

An interlocutory appeal is an appeal allowed before final judgment.

An intermediary is a reinsurance broker who negotiates contracts of reinsurance on behalf of the reinsured, usually with those reinsurers that recognize brokers and pay them commissions on reinsurance premiums ceded.

An intermediary clause is a provision in reinsurance agreements that identifies the intermediary negotiating the agreement.

Intermodal involves the use of more than one mode or type of transportation for the journey—for example, motor, rail, air, or ocean.