Tag: insurance
Umpire Clause
What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party...
National Organization Of Life And Health Insurance Guaranty Associations (NOLHGA)
What is 'National Organization Of Life And Health Insurance Guaranty Associations - NOLHGA' NOLHGA is a voluntary organization of U.S. life- and...
Premium Definition
Premium, in the simplest of terms, is the total cost of any option. It is basically the sum of your option’s time and intrinsic...
Federal Deposit Insurance Corporation (FDIC)
What is the 'Federal Deposit Insurance Corporation - FDIC' The Federal Deposit Insurance Corporation (FDIC) is the U.S. corporation insuring deposits in...
Credit Default Swap
DefinitionA credit default swap is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a...
Life Insurance
DefinitionLife insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary...
Insurance
Definition
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of...
National Credit Union Administration (NCUA)
What is 'National Credit Union Administration - NCUA' An agency of the United States federal government that was created to monitor federal...
Brokers
An investor does not deal with the buying and selling procedures on his own; he has a broker do them for him. This is...
Kidnap Insurance
What is 'Kidnap Insurance' A type of insurance designed to protect individuals from the risk of kidnapping. Kidnap insurance often covers other...