Benefit without a schedule of benefit that will pay out to a set amount.

Offering goods or services at a deliberately set lower price than competition.

Balance of premium that was paid over market price and is waiting to be written off against its expenses.

1. General. Document that is signed at the end to signify agreement , correctness or truth of contents. 2. Banking. Evaluating risk for lending by analysing loan contract details. 3. Insurance. Evaluation

World’s largest not-for profit organisation for safety testing products with a global recognition and acceptance.

Maximum amount of loss exposure insured by the insurer.

Certified Public Accountant’s decision not involved in preparing a financial statement is called in for a unbiased opinion.

Situation where a plant or machine runs at less than its full capacity in order to accommodate production rate or time for processing.

The process where a large item is broken into its smaller parts.

A security with a price expected to rise due to it trading lower than is justified by its estimated and current earnings. See Bottom fishing; Value investing.

Bidding at a lower price that that of other bidders.

Section of an automobile insurance policy covering damage caused by another insured motorist with insufficient money to pay damages.

Analyst rate of a security that reflects opinion that its will stay behind the market.

Exposure to loss from inappropriate selection and approval of insurance risks.

A thing unable to be collected after all efforts have been made.

US government backed debt obligation with a maturity of less than a year. Also known as Till.