Insurance Terms

  1. Abandonment And Salvage

  2. Abandonment Clause

  3. Abeyance

  4. Absolute Beneficiary

  5. Accelerated Benefits

  6. Accelerated Death Benefit - ADB

  7. Accelerated Option

  8. Acceleration Life Insurance

  9. Accelerative Endowment

  10. Accident And Sickness Insurance Act

  11. Accident-Year Statistics

  12. Accidental Death And Dismemberment Insurance - AD&D

  13. Accidental Death Benefit

  14. Accommodation Endorsement

  15. Accommodation Line

  16. Account Current

  17. Accounts Receivable Insurance

  18. Accredited Advisor In Insurance - AAI

  19. Accumulated Value

  20. Accumulation Option

  21. Act Of God Bond

  22. Active Retention

  23. Actual Authority

  24. Actual Cash Value

  25. Actual Total Loss

  26. Actuarial Adjustment

  27. Actuarial Age

  28. Actuarial Assumption

  29. Actuarial Equity

  30. Actuarial Life Table

  31. Actuarial Rate

  32. Actuarial Risk

  33. Actuarial Science

  34. Actuarial Service

  35. Actuarial Value

  36. Actuary

  37. Add To Cash Value Option

  38. Addendum

  39. Additional Death Benefit

  40. Additional Insured

  41. Additional Living Expense Insurance

  42. Adequacy Of Coverage

  43. Adhesion Contract

  44. Adjustable Life Insurance

  45. Adjustable Premium

  46. Adjusted Liabilities

  47. Adjusted Net Worth

  48. Adjusted Premium

  49. Adjusted Premium Method

  50. Adjusted Surplus

  51. Adjusted Underwriting Profit

  52. Adjuster

  53. Adjustment Income

  54. Adjustment Provision

  55. Administrative Charge

  56. Administrative Services Only - ASO

  57. Admitted Assets

  58. Admitted Company

  59. Admitted Insurance

  60. Advance Premium

  61. Advance Premium Fund

  62. Advance Premium Mutual

  63. Advanced Life Underwriting

  64. Advanced Premium Tax Credit

  65. Adverse Selection

  66. Affordable Care Act

  67. Against All Risks - AAR

  68. Aggregate Limit

  69. Aggregate Mortality Table

  70. Aggregate Product Liability Limit

  71. Aggregate Stop-Loss Insurance

  72. Agreed Amount Clause

  73. Air Cargo Insurance

  74. Alaska Trust Act

  75. Aleatory Contract

  76. Alien Insurer

  77. All Risks

  78. Alliance Of American Insurers - AAI

  79. Allied Lines

  80. Allocated Funding Instrument

  81. Alphabet Broker

  82. Alternate Beneficiary

  83. Alternative Dispute Resolution

  84. Alternative Risk Financing Facilities

  85. Ambulance Chaser

  86. American Agency System

  87. American Council Of Life Insurance

  88. American Experience Table

  89. American Insurance Association - AIA

  90. American Land Title Association - ALTA

  91. American Risk and Insurance Association

  92. Amount at Risk

  93. Ancillary Benefits

  94. Annual Convention Blank

  95. Annual Dividend - Insurance

  96. Annual Premium Equivalent - APE

  97. Annual Renewable Term (ART) Insurance

  98. Annuitant

  99. Annuity Consideration

  100. Annuity Contract

Hot Definitions
  1. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by the U.S. Treasury at the instruction of the Federal Reserve member banks, who also act as the clearinghouse for local banks that need to increase or reduce their supply of cash on hand.
  2. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  4. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  5. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  6. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
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