Primary credit-reporting bureaus. One of the three best known.

1. Time spent learning a skill or field of knowledge. Superior understanding or mastery gained by actual practice acquired over months or years. 2. Known also as tenure (Definition 3).

Post-purchase and consumption evaluation of the way a service was provided. Points of courtesy, attention, and satisfaction are weighed.

Actual claims in a previous by amount paid-out. Used a the basis for calculating upcoming premiums.

The firsthand involvement used to teach rather than lecturing or teaching in a secondhand way.

How an experiment is controlled when testing the affect of human behavior on the testing process.

A medical service that a plan does not recongize as effective for improving health.

A person that had knowledge and skills learned over years of experience in a subject. Their opinion can be helpful in problem solving. Refer to expert evidence.

Combining DBMS with expert systems software. It is used when special knowledge is needed to use it and information is shared or scattered. AKA base management system.

Testimony related to a professional or scientific subject. It is based on training and experience in a subject area. The expert must give their opinion to aid the court in a decision

The way the end date is noted on a contract. It is used to remind the agent of policies that need renewal.

The note about expiration dates that agents use to keep track of policy dates.

When a contract ends that was active between parties.

An appropriation where no new contract can be done but is used to settle existing obligations.

An expense for revenue in a period of time when benefits are also received. If a business gets all benefits from a cost it is an expired cost.

Ending term life insurance policy when the coverage period is over.

Commentary that is made to clear up a subject to make linkages clear in a concept. Refer to definition and description.

An expense that is both contractual and definite. It can be rent or wages for example. They are recognized for recording.

Knowledge that is recorded and expressed. It is easy to share and store. It can be in books or on the internet. It is the opposite of tacit knowledge.

An illustration of an item that is not assembled so that all parts are visible.