AMERICAN INSURANCE ASSOCIATION
A group of insurance companies that helps its fellow members standings.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A group of insurance companies that helps its fellow members standings.
A chart illustrating monthly payment breakdowns. Interest, principal, and declining principal over the life of a loan.
Basing judgment on a situation that has nothing to do with the current issue.
An annual rate of profit for the time less than a year.
A rule that is used when heirs can take ownership based on what they were told when a will is not made. This rule makes sure that the property gets to who
An open source or public web software that is improved continually by volunteer programers. Its the most popular software and works with linux, unix, and windows.
A request written when work is performed and compensation is due.
When an asset’s value increases due to improvements or additions.
A strong angel investor with a successful history in investment. A consultant kept by angels to research and present opportunities.
Refer to autoregressive moving average (ARMA) model.
A clause stating that an item is bought with no warranty. The buyer takes the item as it is with any apparent or nonapparent faults.
A firm that another firm controls. At least 20% of shares are usually used for this. The directories are interlocked to make sure a common policy and similiar objectives are in place.
The requirement of an insurance officer to sign the contract for it to be official.
The SUPERVISORY BOARD of a German CORPORATION. See also VORSTAND.
A party allowed to manage an account. This can be for any type of account. They are not required all the time to repay debt incurred.
Automatic REINSURANCE coverage for an INSURER that becomes effective once a defined loss limit is exceeded, often implemented through a STOP LOSS AGREEMENT or a CATASTROPHE PER OCCURRENCE EXCESS OF LOSS contract.
The idea that any living system can maintain stability despite any changes. It is self regulated.
The amount of accounts in receivables, cash, and inventory just to name a few. They are easily converted into cash or can be sold in the year.
A BID on a LIMIT ORDER that is lower than the current price, or an ASK that is higher than the current price. The order is held for later execution unless it
The validity of a document or record. The document is kept in original form with no tampering.