Authentication: Authentication is the act of confirming or establishing authenticity or genuineness of a transaction, to make sure that it is initiated by an authorized user and the information provided by him are valid. Tranche: Tranche refers to related securities offered at the same time, as a part of the same transaction, but which vary in terms of risk, rewards, as well as the maturities.
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A debt which is divided up and charged to a consumer or business at specified intervals. This is a way of structuring a loan, or restructuring an existing debt to make it easier to pay. Outstanding Balance: The remaining unpaid portion of a debt or a loan.
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Accident insurance. A form of health insurance that insures against financial loss resulting from an accident. Opt In
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Pays for damage to an insured vehicle when it hits or is hit by another car or object, or if the car overturns. This coverage is subject to the terms, limits and conditions of your policy contract. Own Occupation - Insurance contract provision that allows policyholders to collect benefits if they can no longer work in their own occupation.
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Coverage Area - The geographic region covered by travel insurance. Limited payment life insurance. Cash value life insurance on which premiums are paid for a specified number of years but the insurance remains in force for life.