Category: N

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

A quality control chart that is used to determine the number of defective units in a random sample. It is used as an evaluation of the process’ stability in instances where the

1. Bank deposits: The stated rate of interest on deposits that is expressed in terms of current dollar, which does not take the effects of inflation and compounding into effect. It is

A set of measures aimed to restrict imports and does not include high import duties or tariffs.

An offense that has led to the rejection of bail for the accused.

Advertisements such as public service announcements that are aimed at educating the consumers or instilling an idea in them. They are often used in the electoral process to gain votes.

A will stated by a person on his death bed in the accompaniment of witnesses.

In the event of any foreclosure action against the landlord, this agreement between the tenant and the landlord’s lender ensures that the tenant is not robbed of possession of his leased party.

The policy payments that the insured is entitled to in the event of a cesation of payments. The insured has a choice between the cash surrender value, the paid up surrender value,the

Bill of Lading that prohibits use of endorsement to transfer.

A market situation which exists due to the fear of a price war. As such, competitors do not reduce prices. They however, focus on building a distinctive image for their brand through

One time charges that are levied on goods and services.

A continuous flight journey between the point of embarkation and the point of disembarkation.