Funding arranged before loss is incured. It is less expensive than post loss financing because the capital is there when its needed. Refer loss financing.

an agreement that is made between a couple before marriage with provisions for property disposal should they separate or divorce.

a judgement made by default that is issued before the defendant is supposed to appear in court to defend himself.

A situation in which the claim launched by the plaintiff hasn’t fully grown to become an actual claim.

To think of an act beforehand; to contrive and design; to plot or lay plans for the execution of a purpose. See DELIBERATE.

a term used in cases of murder that means that the murderer planned then act before doing it.

the term that is used to describe a murder that was planned in advance and was carried out willfully.

The act of meditating in advance; deliberation upon a con- templated act; plotting or contriving; a design formed to do something before it is done. See State v. Spivey, 132 […]

A principal minister of state; the prime minister.

This officer, so constituted by letters patent , has preaudience over the bar after tlie attorney and solicitor general and queen’s advocate. 3 Steph. Comm. (7th Ed.) 274, note.

Any assumption or information which forms the basis of a conclusion.

A proper analysis and identification of the information / assumptions which form the basis of any plan. It is used to check if any changes need to be made.

the same kind or class. See State v. Cheraw & G. R. Co., 16 S. C. 528.

An insurance which provides cover for any hazards that are likely to occur, or might cause harm to the business’ premises.

A term commonly used to describe a burglary that was caused at the premises of the insured party.

A form that provides cover for a robbery that took place outside of the premises of the insured party. Usuch a form does not provide cover for cash or any […]

Lat. Reward; compensation . Prwmium assecuraiionis, compensation for insurance ; premium of insurance. Locc. de Jur. Mar. lib. 2, c. 5,

A form which is used to pay the premium as a deposit when the term begins.

A plan that is used to give credits to policy holders of commercial properties, which are situated in various different localities.

A bond that gives out a higher rate of interest as compared to the standard market, and hence, is sold at a higher face value.

When an insurer can write a large amount of policies on one line or risk.

A discount given to any policy holder if they decide to pay all of their premium for the year in advance.

The premium load is the small amount of the premium that is used to cover the expenses of the insurer.

The amount an insurer needs to cover its expenses and generate profit. Fair premium is determined using premium loading and pure premium .

A loan that is given by the insured party to the insurer.