insurance rate
121Annual Dividend - Insurance — In the insurance industry, a yearly payment given by an insurance company to a policyholder. Annual dividends are most commonly distributed in conjunction with life insurance and disability income insurance policies. Insurance companies may pay… …
122Decreasing Term Insurance — A type of annual renewable term life insurance that provides a death benefit that decreases at a predetermined rate over the life of the policy. Premiums are usually constant throughout the contract, and reductions in policy payout will typically …
123unemployment insurance — a government program that provides a limited number of payments to eligible workers who are involuntarily unemployed. [1920 25] * * * Form of social insurance designed to compensate workers for short term, involuntary unemployment. It was created …
124Cornhill Insurance plc v Improvement Services Ltd — Court High Court, Chancery Division Date decided 22 July 1985 Citation(s) [1986] 1 WLR 114, (1986) 2 BCC 98942 …
125Official cash rate — The official cash rate (OCR) is interest rate paid by banks in the overnight money market in Australia and New Zealand. Through the regulated use of exchange settlement accounts, a central bank is able to adjust the interest rates of a nation s… …
126Life insurance — Life Life (l[imac]f), n.; pl. {Lives} (l[imac]vz). [AS. l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body, Sw. lif, Dan. liv, and E. live, v. [root]119. See {Live}, and cf.… …
127Credit Default Insurance — The use of a financial agreement usually a credit derivative such as a credit default swap, total return swap, or credit linked note to mitigate the risk of loss from default by a borrower or bond issuer. Credit default insurance allows for the… …
128annual rate of insurance — index premium (insurance payment) Burton s Legal Thesaurus. William C. Burton. 2006 …
