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Insurance

Annuity units

An essential metric utilized in the assessment of a variable annuity while it is being distributed to the recipient. The value of each unit is subject to change in accordance with the performance of an investment portfolio. This factor plays a crucial role in determining the eventual payout to the annuitant.

Tertiary Beneficiary

When it comes to life insurance, it's important to understand the concept of a third beneficiary. This is the individual who is next in line to receive the benefits if the p...

Guaranteed renewable

An insurance policy that cannot be terminated by the insurer before a predetermined age. In this type of policy, the premiums can only be increased for all individuals withi...

Insuring agreement

Insurance policies have a crucial component called the insuring agreement. This section outlines the responsibilities of the insurer and the terms under which they are bound ...

One crucial aspect of managing finances is having a clear understanding of insurance terminology. In particular, the concept of fidelity insurance is highly relevant for bus...

In the world of insurance, there exists a method of apportionment known as pro rata. This method involves the distribution of a loss among multiple insurers who have provide...

Actuarial cost assumptions

In the world of finance, we often make assumptions about various factors that can greatly impact our investments. These include rates of investment earnings, mortality rates...

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Market Entities

All terms related to various types of organizations or individuals, like investors, banks, insurers,

Stocks

All terms and concepts related to stocks, also known as equities, which represent ownership shares i

Fixed Income

Investments that provide regular, fixed payments, such as bonds and treasury bills.

Fixed Income Instruments

All terms related to investments like bonds or treasury bills that provide regular, fixed payments,

Gold

All terms and concepts related to the precious metal gold, including its price, trading, investment,

Bank Deposits

All terms and concepts related to the placement of money in a bank account, including savings accoun

Financial Terms

A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used

Property

The "Property" category in finance encompasses all aspects related to real estate and tangible asset

Commodity

All terms related to the basic goods used in commerce that are interchangeable with other goods of t

Currency

All terms related to the system of money in general use in a particular country, representing a medi

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