Tag: limit
Charitable Contributions Deduction
Charitable contributions deduction is a tax incentive offered to individuals that donate sums to a recognized charity. The tax deduction allows taxpayers to reduce...
Canada Education Savings Grant (CESG)
What is 'Canada Education Savings Grant - CESG' A grant from the Government of Canada paid directly into a beneficiary's Registered Education...
Variable Price Limit
What is 'Variable Price Limit' A schedule of price variations above or below the accepted limits determined by the commodities exchanges for...
Gap Amount
What is 'Gap Amount' Insurance will only cover a certain amount of coverage if leased items are stolen or totaled. There is...
Underinsured Motorist Endorsement
What is 'Underinsured Motorist Endorsement' An added provision or attachment to an automobile insurance policy that provides insurance coverage to the policyholder...
Umbrella Insurance Policy
What is Umbrella Insurance and what does it cover
An Umbrella insurance policy is an insurance policy that provides additional coverage beyond the limits of...
Umbrella Personal Liability Policy
What is 'Umbrella Personal Liability Policy' A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts...
Daily Trading Limit
What is 'Daily Trading Limit' The maximum gain or loss on a derivative contract, such as options and futures contracts, that is...
Obligor
What is an obligor
An obligor is a legal entity that is obligated to make payments on a debt or other financial obligation. The term...
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...