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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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promotion
Business services; Human resources
When an employee advances from one position to another with a higher salary range.
unleveraged program
Financial services; General Finance
The use of borrowed funds to finance less than 50% of a purchase of assets. In a leveraged program borrowed funds are used to finance more than 50%.
track!
Sports; Bicycle & electric bicycle
the word to yell when you want a rider you're catching to move over on the singletrack so you can pass.
treasury securities
Financial services; General Finance
Securities issued by the US Department of the Treasury.
taxable event
Financial services; General Finance
An event or transaction that has a tax consequence, such as the sale of stock holding that is subject to capital gains taxes.
