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Unexpired Risk Provision

An amount that an insurance company sets aside, on its the balance sheet, in addition to unearned premiums in connection...

Premium Deficiency Reserve

An amount (provision or reserve) that an insurance company sets aside, on its the balance sheet, in addition to unearned...

URP

It stands for unexpired risk provision; an amount that an insurance company sets aside, on its the balance sheet, in...

Provision for Unexpired Risks

An amount that an insurance company sets aside, on its the balance sheet, in addition to unearned premiums in connection...

Provision

A charge that an Islamic bank makes against earnings. In other words, it is a contra-asset that is created by…

General Provision

A type of provision in an Islamic bank that is set aside to reflect a potential loss that may arise…

PCL

An acronym for provision for credit losses; a provision that is created (set aside) by an entity, as an amount...

Provision for Credit Losses

A provision that is created (set aside) by an entity, as an amount deducted from income, to adjust its loan...

Callability Provision

A feature which is attached to a callable bond giving the issuer the right to purchase back the bond at...

Stock Performance Call Provision

A call provision in which the issuer can exercise the call right only if the underlying stock rises above a...