Financial Planning
Definition of "Financial planning"
Acquisition and employment of assets in order to maximize the return on these assets through: establishment of financial planning objectives; development of financial plans by which these objectives are to be achieved; establishment of a budget by which funds can be allocated to the purchase of the financial assets; and review and, if necessary, revision of the financial plan to make sure acceptable progress is being made toward the achievement of the objectives.
Popular Insurance Terms
Phrase in most liability insurance policies that eliminates from coverage damage or destruction to property under the care, custody, and control of an insured. Such coverage is excluded ...
interconnection of computers that contain pages classified into groups called web sites that can be accessed over the internet. The only requirement for visiting a web site is to have ...
A person who relies on another for economic support. For insurance purposes, the following may be included: the insured's legal spouse; any unmarried children younger than a specified age ...
Provision in property insurance that stipulates that the coinsurance requirement will not be in effect. ...
One who purchases insurance, usually property and liability and not life or annuities, by utilizing his or her own employee purchaser or licensed broker/agent at a minimum annual premium of ...
Same as term Blanket Position Bond: covers all employees of a business on a blanket basis with the maximumlimit of coverage applied separately to each employee guilty of a crime. ...
Coverage for the perils of burglary, theft, and robbery. ...
Specific time at which the insurance policy coverage begins and ends. ...
Behavior or character standing of an individual in a community. Some personal habits are considered in underwriting an insurance application. ...
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