Category: G

Lists group benefits given to each group plan policyholder. Typically, this is a certificate .

An insurance firm that makes an agreement with providers and hospitals to pay a fixed rate for care provided to their clients.

When an insurance firm offers a policy that combines property and liability protection using an equal premium.

When stocks with good earnings and growth are bought with no accounting for the prices. They have low dividend yield and less protection. They are more risky and the interest changes depending

A financial contract between an INSURER and an individual or PENSION PLAN (as BENEFICIARY) that provides the beneficiary with a specific return on CAPITAL invested over the life of the contract. The

The party the court deems responsible for an incapacitated, handicapped, or minor in court.

Any ideas that give an organization guidance in circumstances even if goals change and work changes.

Value increase or decrease posted on the balance sheet when a valued instrument is sold.

Duration for calculating total earnings on excess deferral distributions from Roth IRA and relevant 401(k) plans. Typically occurs between a distribution date and a calendar segment end date, quarterly or yearly.

Authorized person with access control to a decision maker or specific information. Typically a junior officer or a secretary.

A stand-alone company adjusting claims as well as training adjusters. Essentially an adjustment clearinghouse for many different insurers.

All commodities have the same, general rate applied, typically priced by bulk unit, unless otherwise specified. Also called an in-transit commodities rate .

A general lien applies only to personal property in the US. Covers the goods or property that gives rise to the debt as well as all the goods or property of the

Unallocated funds acquired through business and property taxation. Monies that may be utilized for any purposes as received at the state and local levels of government. A state applies funds to a

A person two generations or more below the owner receives property inheritance.

Genetically engineered and modified meat and edible plants.

No exact English equivalent exists; Fuzzy German word. Completeness, configuration, essence, form, manner, organic structure, totality, and wholeness are parts of the varying definition. For an individual, the organized form or pattern

Transferring assets or property ownership to a trust or beneficiary by signed arrangement. The original owner rents / leases the property or assets back from the trust or beneficiary after signing the

Highly scrutinized, most investment firms avoid this practice. Who is entitled to the commission fee on a transaction that an investment broker posts for another investment broker but takes record of full

Issued by one country’s bank as negotiable certificate. Traded on the stock exchange of another country against a certain number of shares held in its custody. Can be bought and sold like