OUTLINE OF COVERAGE
A summary of the benefits and coverage (plus exclusions and premiums) of an insurance policy. This outline is not all-inclusive, and will only contain some of the information from the main policy
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A summary of the benefits and coverage (plus exclusions and premiums) of an insurance policy. This outline is not all-inclusive, and will only contain some of the information from the main policy
A situation in which a company has generated too much capital. This devalues the company?s assets and earnings become insufficient to pay dividends and interest. This problem is usually solved by buying
1. Loan arrangement that enables individuals or businesses to borrow up to an agreed limit without prior approval. Overdrafts can be paid off at any time and interest is charged on the
A company that can no longer manage its expenses, due to excessive costs.
An Initial Public Offering (IPO) that attracts more demand than the offering size is considered oversubscribed, and will typically trade above the offering price when it hits the stock market.
The person who is the holder of particular property in public records.
1. Rate that does not factor in the effects of inflation 2. Rate that is charged on the gross value rather than on the net value
Charitable organization that foster cultural and social unity to achieve objectives related to public service. The initial capital investment is provided by the founding members who do not expect its repayment or
The majority of policies are non assignable and as such cannot be transferred to a third party ownership
The loss of a right due to a failure to claim or pursue it within a specified legal period.
A type of stock that does not require the company to pay a dividend to the shareholder due to a failure to meet the financial benchmark. In the event of a missed
An agreement between two parties that prohibits criticism by one party on the other. Usually used in the settlement contract in an employment or dispute settlement.
A clause in an insurance that allows for a partial or complete receipt of benefit, or a partial refund in the event that the insured ceases payment of the premiums due on
The price, that is non-inclusive of the monetary, which is incurred by the customer when he/she buys the product. This includes the time spent shopping and the value assigned to the risk
A mobile source of pollution such as the exhaust from automobile and aircraft.
1. Agricultural Financing: In the event of crop fails or insufficient crops which results in the failing of the collateral, the lender cannot claim the loan amount from the borrower. Government schemes
A continuous journey between the source point and the destination.
The retirement that is taken when the pension plan is considered normally deemable.
Refers to Unclassifiable insured usually on workers compensation rating manuals or liability manuals.
When negotiations break down between the employer and the recognized trade union, this statement to the related government agencies filed by the employer acts as a notification to stop business activities and