Insurers that are set up in accordance with state laws and are tasked with supplying a reimbursement for medical expenses.

A benefit plan for an employee that does mandate the filing with the IRS and as such tax deductions in exchange for contributions are not offered. Under the nonqualified plan […]

In the event that a borrower defaults, this type of loan limits the lender’s power to take possession of the borrower’s property.

Refuseal by the insurer or the insured to renew the coverage on an insurance plan. Usually done on the policy’s expiration date or its anniversary .

term applied to a person staying in a location where he is not classed as a permanent resident .

A agent who possesses the license to sell insurance policies in a state other than the one he considers his home state.

the name that is given to an answer of a witness that evades the question.

The failure to fully examine the available data results in this type of audit risk. It also results from the incompetency on part of the auditor to spot a mistake […]

Unintelligible matter iu a written agreement or will.

A continuous journey between the source point and the destination .

the drawing of a cheque on a bank account that has not got the money to pay it.

a maternal or paternal inheritance ; but, if he had offspring before the felony, such off- spring may succeed as to the inheritance of the father or mother by whom […]

this is the term used to describe a person who fails to support those he is obliged to support.

the term used in defence of real estate action where a defendant denies he is the tenant.

the term that applies to any assets that are not distribute by a provision in a person’s will.

A land right which was not exercised within the statutory period. A continued use of the land will result in having to give up ownership

A policy which does not state the claimable amount in the event of a loss.

In English law . Twelve acres and a half.

A clause in a policy that states that coverage of the policy begins at noon. Inapplicable to policies nowadays, which are effective as of 12:01 am.

1. A non stated set of guidelines which specify normal behaviour is a social context. Social control and order are prevalent due to the pressure exterted on an individual to […]

Opposed to exceptional; that state wherein any body most exactly com- ports in all its parts with the abstract idea thereof, and is most exactly fitted to perform its proper […]

Depending on the balance sheet classification as credit balances or debit balances, the normal account balance is the expected balance of such particular accounts. Usually, assets have debit balances and […]

When the spot price is higher than the forward price .

A variable that is measured using the mean and is expressed as the standard deviation of the frequency distribution . A standard normal deviate is a normal distribution curve whose […]

A market distribution that when graphed carries the shape of a bell.