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Financial terms in "Insurance"

1. capital bonus

2. Medical Information Bureau

3. Leverage or Capitalization

4. portfolio transfer

5. Annuity Accumulation Phase Or Period

6. confiscation, expropriation, nationalization (CEN), and deprivation (CEND) insurance

7. increased limit factors

8. Appraiser

9. FAS 115

10. association group

11. personal risk management (PRM)

12. interest option

13. executor

14. weighted average cost of capital (WACC)

15. Graduated Driver Licenses

16. unbundling

17. life option

18. employee leasing

19. Medical Payments Insurance

20. market value clause

21. Multiple Peril Policy

22. Construction Risk and Insurance Specialist (CRIS)

23. futures contract

24. sponsor

25. claim expense

26. Associate in Research and Planning (ARP)

27. lay-up

28. risk-adjusted return on risk-adjusted capital (RARORAC)

29. nonassessable

30. protective liability insurance

31. industrial life insurance

32. general average losses

33. disability

34. D ratio

35. nonadmitted insurance (international insurance)

36. promissory estoppel

37. radius of operations

38. Critical Illness (ci) Insurance

39. Residual Disability Insurance

40. declination

41. no-load life insurance

42. event insurance

43. completed operations

44. adjustable life insurance

45. Interstate Commerce Commission Termination Act of 1995

46. embedded value

47. leasehold interest

48. Personal Injury Protection Coverage / Pip

49. inflation factor

50. turnkey operation

51. engagement letter

52. funded

53. noncontrolled foreign corporation (NCFC)

54. B-share Variable Annuity

55. discovery

56. building and personal property coverage form (ISO)

57. static risk modeling

58. asset allocation

59. fire-resistive construction

60. nonfiled line of coverage

61. negligence

62. Resource Conservation and Recovery Act (RCRA) of 1976

63. right to repair law

64. Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970

65. rating methodology

66. parcel post coverage

67. primary beneficiary

68. lenders loss payable endorsement

69. Alternative Markets

70. host liquor liability

71. values

72. functional capacity evaluation (FCE)

73. healthcare purchasers liability insurance

74. insurance carrier

75. General Adjustment Bureau (GAB)

76. technology errors and omissions insurance (tech E&O)

77. impaired risk

78. Nominal Damages

79. retail agent

80. Financial Accounting Standards Board (FASB)

81. joint and survivorship annuity

82. risk management information system (RMIS)

83. normal loss

84. Standard Risk Class

85. Graded Premium Policy

86. air toxins

87. sophisticated insured

88. Additional Term Insurance Option

89. crime

90. face amount

91. prohibition of voluntary payments provision

92. Investments in Affiliates

93. Family and Medical Leave Act (FMLA) of 1993

94. Kenney ratio

95. First Loss Insurance

96. onshore captive

97. homeowners policy basic form 1 (HO 1)

98. Medical Utilization Review

99. res ipsa loquitur

100. reduction

Note: Maximum 100 records reached. Please narrow your search.

Featured term of the day

Definition / Meaning of

Lifetime Learning Credit

Categories: Tax,

You may qualify to claim a lifetime learning tax credit of up to $2,000 each year for qualified higher educational expenses for yourself, your spouse, or a dependent if your family's modified adjusted gross income falls within the annual limits that Congress sets. Those amounts tend to increase slightly each year.The course work must be one or more courses but doesn't have to be part of a degree- or certificate-granting program, though the tax credit can be used for undergraduate, postgraduate, or professional studies. Even if you are paying for more than one person's education, you can take only one lifetime learning credit per year.If you claim the credit while you're taking withdrawals from tax-free college savings plans such as a section 529 plan or an education savings account (ESA), you'll have to plan carefully. Your withdrawals will lose their qualified status and be subject to tax and penalty if you use them to pay for the same expenses for which you claim the tax credit. You can't take the credit, though, if you claim a tuition and fees deduction in calculating your adjusted gross income or deduct the amount as a business expense.

Most popular terms

2. Self-insured Retention (SIR)
3. Money Market Mutual Fund
4. McDonough Ratio
5. Net Asset Value (NAV)
6. Collateralized Mortgage Obligation (CMO)
7. Preapproval
8. Employee Retirement Income Security Act Section 510
9. Health Insurance
10. CollegeSure CD

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