Tag: cost
Valuable Papers Insurance
What is 'Valuable Papers Insurance' A special type of property-casualty insurance. Valuable papers insurance will reimburse the policyholder for the monetary value...
Vacation Home
What is 'Vacation Home' A dwelling other than the owner's primary residence that is used for recreational purposes, like vacations (hence the...
Valuation Mortality Table
What is 'Valuation Mortality Table' A statistical chart that is used by insurance companies to calculate the statutory reserve and cash surrender...
DB(k) Plan
What is a DB(k) Plan
A DB(k) plan is a type of retirement savings plan that is sponsored by an employer. The name "DB(k)" comes...
GAAP – Generally Accepted Accounting Principles
The standard guidelines for financial accounting that apply in all legal bodies are termed as generally accepted accounting principles or GAAP. These principles include...
Kaizen
Definition
Kaizen, is the Japanese word for "improvement". In business, kaizen refers to activities that continuously improve all functions and involve all employees from the...