Home > Industry/Domain > Insurance
Insurance
Insurance is a promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Examples include car insurance, health insurance, disability insurance, life insurance, and business insurance.
0Categories 32802Terms
Add a new termContributors in Insurance
Insurance >
Focal point
Eyewear; Optometry
Image point conjugate to an infinitely distant object point on the optical axis.
gerente del área / responsable de área
Oil & gas; Oil & gas instrumentation
Function Head seria Gerente del Area o Responsable de Area.
аберрация
Real estate; Corporate
В оптических системах, отклонение световых лучей через линзы, в результате чего не идеально четкие изображения ...
log
Broadcasting & receiving; Radio & TV broadcasting equipment
A written record of broadcasting. There are typically three logs:A Music Log recording what songs were played, an Engineer's Log detailing technical production settings and ...
out-of-register
Printing & publishing; Paper
(1) Descriptive of pages on both sides of the sheet which do not back up accurately. (2) Two or more colours are not in the proper position when printed; register does not "match. ...