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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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hole in one
Sports; Golf
When you hit the ball off the tee, it lands on the green and rolls into the hole.
employment contract
Business services; Human resources
A written contract signed by both employee and employer stipulating the terms and conditions of employment with the company.
unified tax credit
Financial services; General Finance
A federal tax credit that reduces tax liability, dollar for dollar, on lifetime gifts and asset transfers at death.
sag wagon
Sports; Bicycle & electric bicycle
a motor vehicle that follows a group of riders, carrying equipment and lending assistance in the event of difficulty. Also called the broom wagon.
acid mine drainage or acid rock drainage
Energy; Coal
Acidic water from metal or coal mines, but also including places where the ground has been disturbed as a result of construction or other means. Water, whether from rain or the ...
