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 > ![](/template/termwiki/images/arrow_01.gif)
unleveraged beta
Financial services; General Finance
The beta of an unleveraged required return (i.e., no debt) on an investment when the investment is financed entirely by equity.
tops
Sports; Bicycle & electric bicycle
the part of a drop handlebar between the stem and the brake levers.
tax-neutrality
Financial services; General Finance
Characteristic that taxes do not interfere with the natural flow of capital toward its most productive use.
trustee in bankruptcy
Financial services; General Finance
An appointed trustee who supervises and administers the affairs of a bankrupt company or individual.
oxtail
Meat products; Beef
Flavorful, but boney and gelatinous, it's not only from the ox, but from other cattle as well. It's best when slow cooked or used in soups and stews that allow it to release its ...
closed captioning
Entertainment; TV
Service allowing persons with hearing disabilities to read dialogue or the audio portion of a video, film, or other presentation, on the TV screen.