Category: Finance

The paid claims loss ratio is the ratio which is calculated by dividing the total praims with the paid claims.

All of the data that is generated by taking a number of different samples which cover a larger set of units.

Any inn, hotel or lodge whose ownership lies with a government agency. It is commonly converted to a monastery, castle or a palace.

A condition in which economic efficiency reaches a state where no one can be made better off by making someone else worse off. It is also commonly known as the Pareto Optimality

Very tiny, solid or liquid particles that reside in air. Common examples include mist, smoke, dust, etc. Their densities, shape, electrical charge and color might vary.

A company foreign to the United States, which makes most of its money through investments. It must pass the Asset Test or the Income Test. Usually, investors follow differing regulations regarding the

Benefits provided to the employee for his services before his pension, or retirement plan was started.

A small shop which allows an individual to get a loan, after providing personal property, of an equivalent value, as collateral. If the loan is repaid within the time frame that was

A ratio written as weeks of operating expenses in terms of the accounts payable at the end of accounting period. It is usually dependent upon the time it would take for a

A detailed plan which depicts the solution for paying off all outstanding debts that the company, or individual owes. Takes in to account the earning of the borrower and then sets up

Developed by Nicolas Majluf and Steward C. Myers, the Pecking Order Theory classifies people, birds, classes and nations in different categories, where financing sources are categorized.

A corporation (federally chartered), which provides insurance for any benefits defined by the private sector pension funds.

Any fraction expressed with 100 as the fixed denominator.

Any secure interest in an asset, which cannot be claimed by any other party. A lien might be registered against it. Known as perfected lien.

Any charge that is levied at a fixed interval. Commonly, daily or monthly charges.

Employment done on a regular, continuing basis, rather than hiring on a contractual basis.

The daily limit of exposure to any substance to humans, standardized in an 8-our shift. The Permissible Exposure Limit was set up by OSHA.

A specific term that is used in reference to benefits provided in certain states, such as those which are needed for vehicle insurance. Such a benefit commonly spans death by accident, or

A rendition that is made to depict the outer view of any object or design, without having to remove any parts. Thanks to the sectional views, parts that would usually not be

A small violation of the law. Usually, the punishment is less than six months as per the court of law.