Money allocated and advanced to an employee to cover expect expenses. These expense are expected to be incurred for things considered necessary to make sales or to get a job done. The

Monies allocated to an employee to cover expenses.

A fixed amount added to the premium amount. The cost of servicing certain policies is more than what premiums alone cover. This is a service charge most often applied to low premiums

Expenses are covered by this amount and is typically added to the rate.

A total of fees paid periodically to a mutual fund divided by the total investment that shareholders or unit holders has. These fees are management fees, administrative fees, and operating expenses of

When an asset becomes an expense, this change must be recognized on the balance sheet. Assets with no unexpired costs become expired costs, or an expense. This places assets on the balance

An action to recover money spent by an employee or over-paid on a bill or claim. It is undertaken by a company to recover money from another company or employee. Recognition often

Set commissions are augmented by additional payment made to an insurance agent,

1. Accounting details and summarization of all expenses posted by a company in a specific time-period. A detailed report produced monthly, quarterly, or yearly for parts or all of the business. Subsections

Expenses owed, yet unpaid is the insurer’s liability.

Upper limit of what a landlord or tenant will pay. The provision obligates the renter to pay a maximum of certain fees. Beyond that maximum, the landlord owes the rest. Represents an

Comprise a company’s profit and loss statement. Both categories required entries by law. Must be reported on a regular, periodic basis.

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.