Tag: insurance
Major Fraud Act Of 1988
What is 'Major Fraud Act Of 1988' A piece of legislation passed during the Reagan administration that modified and strengthened previous fraud...
Absolute Beneficiary
What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also...
Annuity
An annuity can be best defined as a financial product which is exclusively designed and offered by insurance companies to help individuals grow funds....
Accelerated Death Benefit (ADB)
What is an 'Accelerated Death Benefit - ADB' An accelerated death benefit (ADB) is a benefit that can be attached to a...
Absolute Physical Life
What is 'Absolute Physical Life' The length of time that it takes for an asset takes to become fully depreciated, at which...
Accelerated Benefits
What is 'Accelerated Benefits' A clause in certain life insurance policies that enables the policy holder to receive the benefits before death....
Abandonment Clause
What is 'Abandonment Clause' A clause in a property insurance contract that, under certain circumstances, permits the property owner to abandon lost...
Abandonment And Salvage
Abandonment and salvage are two ways to deal with property. Abandonment is the process of giving up a property, while salvage is the process...
Abandoned Property
What is 'Abandoned Property' Assets such as cash, stocks, bonds, mutual funds, uncashed checks, land, life insurance policies and the contents of...
Risk Management
Risk management includes all the processes that are used for identifying, analyzing, and either accepting or mitigating the risks that make decision making in...