NET COST
Calculated as: In a specific time period, total premiums paid minus the total cash value minus any policy dividends generated. Insurers make comparisons of net cost every ten or 20 years if
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Calculated as: In a specific time period, total premiums paid minus the total cash value minus any policy dividends generated. Insurers make comparisons of net cost every ten or 20 years if
Working capital’s efficient use measured. Calculated as: Net income divided by Working capital.
Gross national product (GNP) minus capital consumption allowances.
Premium amount minus appointed dividends. This term also refers to the non-participating policy rate found in a rate book.
Recognized revenue amount in a company’s preferred stock holdings. The revenue amount is based on how much calculated profit over a company share count holdings.
Computer network design. Mapping hardware, software, protocols, and devices. Outcome is successfully allowing different systems and devices to inter-communicate.
Under the Nixon administration, this new plan transferred back to the state level some powers previously held by the federal government. Some powers were removed from the state level under Franklin Roosevelt’s
The insured must notify the insurer about a newly purchased vehicle within 30 days from purchase date. Some coverage automatically activates under the policy for vehicles purchased during the term of the
The Financial Accounting Standards Board (FASB) and the Government Accounting Standards Board (GASB) regulate these standards.
Natural process that takes free nitrogen (N2) from the air, converts or fixes it in nitrogen compounds that plants use as nutrients, as in fertilizer. In nature, certain bacteria present in the
Opposite of having privilege. A right is not exercisable under this condition or state.
An investment or debt instrument’s stated annual interest rate. Does not include a compounding component and is not adjusted even if the return is paid monthly, semiannually or annually. Also known as
When upward and downward price movement are not equal.
When the bid and offer come from the same source.
An excess of options that disrupt liquidity.
Any transaction that doesnt take place in person.
An option whose payment depends on the ending market price of an asset. There are many types of this option. Refer to path dependent option.
The risk that occurs when a large option trades near strike price at its maturity. Whether above or below the strike price it changes the hedge.
How a portfolio is managed. Risk and returns are measured to create diversification strategies.
Funding arranged before loss is incured. It is less expensive than post loss financing because the capital is there when its needed. Refer loss financing.