Tag: insurance
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...
K-Percent Rule
DefinitionFriedman's k-percent rule is the monetarist proposal that the money supply should be increased by the central bank by a constant percentage rate every...
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...
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...
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...
AAA
What is 'AAA' AAA is the highest possible rating assigned to an issuer's bonds by credit rating agencies. An AAA-rated bond has...
FDIC Insured Account
What is 'FDIC Insured Account' An account that meets the requirements to be covered or insured by the Federal Deposit Insurance Corporation...