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Accounting
Banking

Future Profit in an Insurance Contract

The insurance service result which represents the profit earned from providing insurance coverage. It is the excess of the insurance...

Ceding Company

The policyholder under a reinsurance contract. It is an insurance firm that partially or wholly transfers the risk it has...

Reinsured

The policyholder under a reinsurance contract. It is an insurance firm that partially or wholly transfers the risk it has...

Cedent

The policyholder under a reinsurance contract. It is an insurance firm that partially or wholly transfers the risk it has...

Cedant

The policyholder under a reinsurance contract. It is an insurance firm that partially or wholly transfers the risk it has...

Policyholder Loan Bond

A bond that is backed by policyholder loans against life insurance policies. The underlying loans will be repaid either by...

Death-Backed Bond

A bond that is backed by policyholder loans against life insurance policies. The underlying loans will be repaid either by...

Viatical Settlement

In insurance, it is a type of settlement that allows a person to invest in another person's life insurance policy....

Insurance Premium

In relation to an insurance contract, it is the amount of money that an individual or business (known as policyholders/...

Premium

In relation to an insurance contract, it is the amount of money that an individual or business (known as policyholders/...