Tag: insurance
Paid-Up
What is 'Paid-Up' The state of a settlement when all payment obligations for a security have been completed in a customer account....
It is a 401k?
A 401k plan is a retirement plan that is available through an employer. It allows you to save and grow your nest egg using...
Valuation Clause
What is a Valuation Clause
A valuation clause is a clause in a contract that stipulates the value of goods or services to be exchanged....
U.S. House Financial Services Committee
DefinitionThe United States House Committee on Financial Services is the committee of the United States House of Representatives that oversees the entire financial services...
Validation Period
What is 'Validation Period' The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost...
Labor Intensive
What is 'Labor Intensive'
Labor intensive refers to a process or industry that requires a large amount of labor to produce its goods or services....
FDIC Problem Bank List
DefinitionIn American finance, the FDIC problem bank list is a confidential list created and maintained by the Federal Deposit Insurance Corporation which lists banks...
A.M. Best
What is 'A.M. Best' A.M. Best is a ratings agency focused on the worldwide insurance industry. Founded in New York City in...