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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.
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underwriting syndicate
Financial services; General Finance
A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter.
Write-off
Financial services; General Finance
Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets.
portage
Sports; Bicycle & electric bicycle
to lift and carry the bike, such as when crossing a stream, ditch, or ground too rocky to ride.
Butter Pick
Kitchen & dining; Cooking tools
Designed for individual servings of original or flavored butter balls or butter pats.
