Medi Assist Healthcare IPO

Home Insurance

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

Insurance

Straight deductible

In the realm of finance, there exists a concept known as a deductible. This is a fixed amount that is applicable to every loss and is deducted before any loss payment is disbursed. It is an important consideration when assessing insurance policies, as it can impact the overall cost of coverage. It is crucial to understand this term in order to make informed financial decisions.

Moral hazard

One must be cautious of moral hazard in the realm of insurance. This refers to the risk posed by an individual's apathetic or deceitful behavior towards their insured proper...

More

Actual cash value

Property insurance is a type of insurance that covers the cost of replacing damaged property, taking into account the property's depreciation. This means that the insurance ...

More

Punitive damages

When a defendant is found to have acted in a grossly negligent manner, they may be assessed punitive damages as a way to set an example and discourage others from behaving s...

More

Independent agent

A self-employed agent, typically compensated through commission, acts as a representative for multiple insurance companies. This individual possesses a deep understanding of...

More