Tag: personal

What is 'Death Benefit' Death benefit is the amount on a life insurance policy, annuity or pension that is payable to the...

What is 'Dangling Debit' A debit entry with no offsetting credit entry. Dangling debit occurs when a company purchases goodwill or services...

What is 'Dead Money' A slang term for money invested in a security with minor hopes of appreciation or earning a return....

What is 'Day Rate' The price/cost of a particular service for a day's period. In some markets it is referred to as...

What is 'Underinsured Motorist Endorsement' An added provision or attachment to an automobile insurance policy that provides insurance coverage to the policyholder...

What is 'Wealth' Wealth measures the value of all the assets of worth owned by a person, community, company or country. Wealth...

What is a tax deduction and how does it work A tax deduction is an expense that can be subtracted from your taxable income. This...

What is 'Unauthorized Insurance' A phony plan that claims to provide financial protection against unforeseen and potentially catastrophic events. Unauthorized insurance is...

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...

DefinitionThe underbanked is a characteristic describing people or organizations who do not have sufficient access to mainstream financial services and products typically offered by...