A policy with a set premium amount such that extra premiums cannot be added

The majority of policies are non assignable and as such cannot be transferred to a third party ownership

An offense that has led to the rejection of bail for the accused.

Also referred to as nonbank financial companies, these are financial companies that perform the traditional duties of a bank without the possession of legal banking classification .

Generic Goods that bear close resemblance to the goods produced by popular brands and establishments. And as such, they are considered to be of low quality and price due to […]

Income that is received from passive sources such as the appreciation of a real estate property and as such they fall under the tax related category of income.

A policy that allows the insured to be covered by continuing the payment of premiums for a specified duration of time. The premiums for such policies remain unchanged while also […]

a health insurance policy that the insurance company cannot cancel as long as the premiums are paid.

Non cash expenses such as depreciation where cash is not physically involved

1. Accounting: A Financial items that does not affect the firm’s cash inflows and outflows while being included in the computation of its income on the basis of accruement 2. […]

A financial activity that involves the owner’s equity and liabilities but has no effect on the inflows and outflows of cash. A significant amount involved in a noncash transaction is […]

The loss of a right due to a failure to claim or pursue it within a specified legal period.

An investor’s bid to gaining possession of a debt issue whose price depends on the yield or average discount rate of all bids combined. A minimum price of $10,000 is […]

the term that is given to the court’s decision that can be subject to an appeal.

The discrepancy that causes the underinsurance of property in the event of a loss. This occurs when the same property is covered for the same danger by different policies, but […]

An illness that gives the insured, freedom to go outdoors.

Also referred to as defect, it occurs when specific requirements are not fulfilled

Costs that occur when product quality is not up to standard. It also results due to production imperfections and includes both internal and external costs.

The ineligibility to sell this particular type of mortgage due to a failure to meet specific standards or requirements . These requirements are usually in the form of a credit […]

a term used for the ordinances that restrict the types of buildings that can be erected in certain areas.

a term that is sued to describe a person who disagrees and dissents from the accepted and established modes of behaviour.

Occurrence of an situation due to the nonfulfillment of the prescribed standards and specifications.

the term that applies to a provision in an insurance policy where the insurer can’t cancel it once the premiums have been made for a certain time.

An insurance wherein the full premium cost is borne by the employer, with no contribution from the employee.

A retirement plan in which the full premium cost is borne by the employer