Yield, Current
Rate of return computed by dividing the current annual dividend (if a stock) or annual coupon amount (if a bond) by the amount paid for that financial instrument.
Popular Insurance Terms
Option under a participating life insurance policy in which dividends are left on deposit with the company to accumulate at a specified interest rate. If this option is chosen, it is ...
Premium applied in workers compensation insurance and in life insurance. In the latter, it is the portion of a premium that is loaded to reflect an insured's expectation of loss, ...
Proof of death of the insured form filed with the insurance company establishing the rights of the beneficiary to the death benefit. ...
Coverage of a common carrier for liability on trucks that have delivered their cargo and are on the way back to the terminal. The company that hires the truck assumes liability while the ...
Average interest earned by an insurer on its investments after investment expense, but before federal income tax. ...
Trust whereby asset management is provided until a child reaches the age of majority. Upon reaching majority, the child has full use and control over the assets. The grantor of the trust ...
Same as term Associate in Automation Management: professional designation earned after the successful completion of three national examinations given by the insurance institute of America ...
clause found in health insurance contracts that requires the insured to pay a specified percentage of the covered health care expenses. ...
Payments due to an insurance company but not yet paid. ...
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