A corporation that is overseen by one board of directors consisting of 10 to 30 members guided by a chairman (possibly the CEO) who are nominated by internal sources and […]
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SINGLE BOND
A deed whereby the obligor obliges himself, his heirs, executors, and administrators, to pay a certain sum of money to the obligee at a day named, without terms of defeasance.
SINGLE BRAND NAME
The name of a brand that is not associated or affiliated with any other brand name.
SINGLE CARRIER REPLACEMENT
The term used when referring to a single insurance carrier that has replaced several cariers.
SINGLE COLUMN CENTIMETER (SCC)
The standard measure used for display advertisements and classified advertisements that are priced in centimetres used in one column units.
SINGLE COUNTERPARTY
A party that can meet all of its commitments by using internal sources and is not burdened by a legal or financial obligation from the other party or parties.
SINGLE DEMISE
A declaration in ejectment might containeither one demise or several. When it contained only one, it was called a “declarationwith a single demise .”
SINGLE FAMILY HOME
A dwelling structure that is complete in one unit and not attached to another dwelling by common walls.
SINGLE INTEREST POLICY
The policy used to protect only one person in a group that has an interest in the property.
SINGLE LIFE ANNUITY
An annuity that will pay for the life of the annuit but then stops with their death.
SINGLE LIMIT
A term that refers to amount of coverage expressed as a single amount.
SINGLE MONTHLY MORTALITY
The percentage paid by one monthly repayment of the mortgage loan principal amount.
SINGLE PAYMENT LEASE
A lease that is paid by only one payment and not by payments that are made mobthly.
SINGLE PAYMENT LOAN
A loan that needs one payment at the end of its life to pay the full amount of the loan.
SINGLE POINT OF CONTACT
The central office or phone number that channels any incoming calls to various people and departments.
SINGLE POINT OF FAILURE
A point or part of a system where there is no backup in case of failure. The whole system will become disabled.
SINGLE PREMIUM FUNDING METHOD
The method that is used to save money that will be used for a future payment of benefit where the money is paid direct to an insurer or into a […]
SINGLE PREMIUM POLICY
A policy that is paid up by a single repayment at the start of the policy term .
SINGLE PREMIUM WHOLE LIFE
A policy that is fully paid up at the time it is purchased. No other payments are paid.
SINGLE SOURCE DATA
A data collection accumulated by researching all of the lifestyles and demographics of a single area.
SINGLE SOURCE PROCUREMENT
An award for a supply of goods or services from a single supplier due to its uniqueness.
SINGLE SOURCING
A practice in using just one source for supply.
SINGLE STOCK FUTURES (SSF)
A contract for futures where the underlying asset is one security rather than an index or basket of one hundred. See One Chicago LLC.
SINGLE TAX
A tax that is a governments only source for income, usually tax on land.
SINGLE TEXT METHOD
The redraft of existing, disparate insurance contracts into the new master policy to combine risks and losses under a concise policy. Refer to attachment method.