Category: P

An endorsement which nullifies some parts of the pollution exclusion.

An estimation of the total land usage of a certain area. For instnace, the density of the population of an area can be expressed as the number of people living per square

Any loan that is considered to be an asset by a financial organization.

When a third party realizes a benefit, gained with no direct involvement and primarily through the transactions of another party, it is known as positive externality.

An agreement formed between a married couple, generally to provide specification regarding the division of assets in case the couple get separated or divorced.

Coming at a conclusion, or taking action after careful pondering.

Metals such as gold, iridium, platinum, rhodium, ruthenium, osium, silver, etc. Usually available in forms of bars, leaves, powders, wires, etc.

Any structure, or article that is created before being brought to the site where it is properly assembled, or installed thereafter.

An injunction granted before the trial has started, which states that the plaintiff will suffer extensive damage in case the injunction is not granted. Security must be posted with the court in

A clause included in certain policies, which grants the beneficiary a refund on the face amount of their policy, including all of the premiums that they have paid so far.

A packaage trip is a trip that combines the whole tour, ranging from air fares, hotel stays, guides, trips, return tickets, etc., all of which is offered at a certain price.

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