Tag: standard
Value-Added Tax (VAT)
What is a 'Value-Added Tax - VAT' A value-added tax (VAT) is a type of consumption tax that is placed on a...
Waiver Of Coinsurance Clause
Waiver Of Coinsurance Clause What is 'Waiver Of Coinsurance Clause ' Language in an insurance policy that says the insurance company...
General Motors (GM) Indicator
What is 'General Motors (GM) Indicator' An indicator based on the theory that the performance of U.S. automaker General Motors (GM) is...
Generally Accepted Accounting Principles (GAAP)
What are 'Generally Accepted Accounting Principles - GAAP' Generally accepted accounting principles (GAAP) are a common set of accounting principles, standards and...
Dayrate Volatility
What is 'Dayrate Volatility' The intraday unpredictability of an exchange rate (or price of a good or service), that changes due to...
Under Reporting
DefinitionUnder-reporting usually refers to some issue, incident, statistic, etc., that individuals, responsible agencies, or news media have not reported, or have reported as less...
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...
Ultimate Mortality Table
What is 'Ultimate Mortality Table' A mortality table that lists the death rates of insured persons of each sex and age group...
Uberrimae Fidei Contract
What is 'Uberrimae Fidei Contract' A legal agreement requiring the highest standard good faith. "Uberrimae fidei" or "uberrima fides" is Latin for...