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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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substitutions
Sports; Baseball
One player can be substituted for another player but the player who is taken out of the game is not allowed to return.
most active list
Financial services; General Finance
The stocks with the highest volume of trading on a certain day.
Variable Ratio Write
Financial services; General Finance
An option strategy in which the investor owns 100 shares of the underlying security and writes two call options against it, each option having a different striking price.
switchback
Sports;
a turn sharper than 90 degrees. Switchbacks are found mainly on hills that are too steep to be ascended (or descended) using a direct path.