Tag: insurance
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...
XDIS
DefinitionThe Independence Party is a liberal-conservative and Eurosceptic political party in Iceland. It is currently the largest party in the Althing, with 16 seats....
Gain
What is 'Gain' An increase in the value of an asset or property. A gain arises if the selling or disposition price...
Qualified Acquisition Cost
What is Qualified Acquisition Cost
Qualified Acquisition Cost (QAC) is a measure of the costs incurred by a company to acquire or develop new products...
Daily Money Manger – DMM
What is 'Daily Money Manager - DMM' A person who takes over the day-to-day financial tasks for those who are unable to...