Category: L

A life insurance policy written for investors where the costs come from an insurance linked security.

Even if the principal amount is exhausted this settlement agreement’s life-time option continues paying the beneficiary in installments.

Improving an entity’s standard of living defined by a luxury good becoming a necessity. The improvement comes either as an income increase or lifestyle cost reduction. As an example, a family rents

To determine what type of products moved quicker than others, companies use this method of comparing current year sales figures to prior years sales figures.

In some states, this type of agent has lesser education and licensing requirements. An agent allowed to deal only is specific forms of insurance, like travel insurance.

This term is used to refer to a contract with low limits and limited forms, specifically in health insurance. These contracts state the specific occurrences where payment will be made

Insurer’s categorization of the products and policies it sells, such as Homeowners, Health or Life.

1. A scheduled service between fixed ports on a trade route by such a cargo and/or passenger transport shipping line operations. 2. Material placed between two other materials to serve as a

Cash compensation, agreed to by signed, written contract for breach of contract, payable to the aggrieved party. The contract succinctly specifies what actions, or omissions, constitute a breach. To be legally enforceable,

Loss potential in a situation where (1) insufficient cash and/or cash equivalents exist to balance depositors and borrowers demand, (2) sale of illiquid assets sale yields less than their fair market value,

The listing broker contracts to list a property in a multiple listing situation. This broker initiates the listing agreement. The same person may be The listing broker and the cooperating broker.

Revocable trust as an estate planning device, built on property transfer or gift to one or more beneficiaries from its living trustor. It is not a way to stave off creditors from

An investor making periodic contributions to a mutual fund account. It spreads out the load payments as smaller ones. Also known as Spread Load Contractual Plan. An alternative is to pay fees

a borrower and a lender signed, written loan agreement filed as a recorded document. T

A lending institution clearly states the amount and frequency of the loan repayment installments in this document, given to the borrower at the loan closing.

Guarantee of a given interest rate for a limited amount of time as a commitment from a lender to a borrower.

Inverse of an exponential. Raising the base to a power to give another number. Base 10 logarithm is known as common logarithm.

Major creditor banks informally associated who discuss debt rescheduling when requested by borrower governments, as well as other banking matters. The group convenes as needed for these discussions. Also refer to Group

An advantage or protection is secured by this type of transaction against a possible price increase of a traded item, like a commodity, financial instrument, security, and the like. These will be

Until the insured turns 65, this policy covers this longer period.