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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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triple tax-exempt
Financial services; General Finance
Municipal bonds featuring federal, state, and local tax-free interest payments.
absolute magnitude
Astronomy; General astronomy
1) A measure of the intrinsic brightness of a star or galaxy. Absolute magnitude is defined as the apparent magnitude the star or galaxy would have if it were 32.6 light-years (10 ...
man-in-motion
Sports; Football
a single player on the offense who is permitted to move prior to the snap; he may only run parallel to the line of scrimmage or away from it.
third stage capital
Financial services; Venture capital
Capital provided to an enterprise that has established commercial production and basic marketing set-up, typically for market expansion, acquisitions, product development, etc.