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Arbitrage: Arbitrage is the act of taking advantage of the price difference that can exist between two markets to make profit. It can involve taking a loan at a low or minimal interest rate and depositing it in savings account that gives a high rate of interest. So, the amount that he receives as interest payment from his savings account is higher than the amount he has to pay for taking the loan and this difference is the profit. A person who engages in arbitrage is known as 'arbitrageur'. Know more about arbitrage trading. Policy. The printed legal document stating the terms of the insurance contract that was issued to the policyholder by the company.
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This is a judgement made by a court of law which was set aside by another court. If you appeal, you may find that the higher court vacates the previous court’s ruling. 1st Mortgage-Also known as the "primary" mortgage-has priority over the claims of subsequent lenders for the same property.
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The parent company of GEICO. Other companies in the Berkshire Hathaway group are listed at the Berkshire-Hathaway website. Condition
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Flagging an Account: This involves suspending the activity on an account temporarily, until the specific issues which triggered the suspension are resolved. Net Leverage - The sum of a company's net premium written to policyholder surplus and net liabilities to policyholder surplus. This ratio measures the combination of a company's net exposure to pricing errors in its current book of business and errors of estimation in its net liabilities after reinsurance, in relation to policyholder surplus.
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Adjuster - A representative of the insurer who seeks to determine the extent of the insurer's liability for loss when a claim is submitted. Beneficiary. The person named in a life insurance policy to receive the insurance proceeds at the death of the insured.