Tag: policy

What is 'Unauthorized Investment' Any investment that has not been specifically authorized by a legal trust. Unauthorized investments can technically meet statutory...

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...

What is 'Umbrella Personal Liability Policy' A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts...

Most people have heard of unallocated benefits, but don't really know what they are or how they work. In this post, we will explore...

What is underinsurance and why do people buy it Underinsurance is insurance that does not cover the full value of an insured asset. For example,...

What is retention and why does it matter for businesses Retention is a measure of how well a business can keep its customers over time....

What is 'Uberrimae Fidei Contract' A legal agreement requiring the highest standard good faith. "Uberrimae fidei" or "uberrima fides" is Latin for...

What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party...

What is 'Abandonment Value' The value of a project or asset if it were immediately liquidated or sold. The abandonment value of...

DefinitionEconomic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally...