A bond that has been issued by the government. Generally, it is already backed up by several securities of the government which are set in escrow.

The total amount of profit, that is taken from the preferred stock of the company. The preferred equity does not take in to account any profit brought in through other investments.

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

The level of closeness to a certain pattern, objective or standard.

Payment made only when results are shown. For instance, an employee will only be paid depending upon the total number of units that they have produced.

A theory which states that individual investors generally have a preferred limit of lengths when it comes to the maturity of any bond, and an investor is only liable to go out

A notice issued in order to provide the exact date on which a premium will become payable.

A discount given to any policy holder if they decide to pay all of their premium for the year in advance.

The excess amount paid on the shares that are outstanding of the preferred stock, held by a company.

A proper analysis and identification of the information/ assumptions which form the basis of any plan. It is used to check if any changes need to be made.

A requirement that states that any person who wishes to apply for an insurance license must complete an educational degree or course.

A technique in which brands try to sell their products at a higher price compared to the general market, in order to create a brand image.

Any debt which is discharged before any other debt is paid off.

A technique in which two or more products are sold in one piece, as a bundle. Generally, a premium offer is used to increase sales of a product.

Costs that are incurred before income has been reported on the balance sheet.

Costs that are charged before a firm actually opens for business, usually in the setting up and promotional activities.

More dividends are paid out to shareholders as their value of stock increases.

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 group of different personnel who are ready to provide treatment to members of the group for a preset fee. It is usually another option as compared to a HMO network, which