ADJUSTED SURPLUS
An insurance company's surplus that is different from the statutory surplus of the company because of its adjustments. The Adjusted Surplus is calculated by combining the Asset Valuation Reserve, Interest Maintenance Reserve, and statutory surplus.
It is identified through the accounting treatment of liabilities and assets. Insurance companies are obliged by the NAIC (National Association of Insurance Commissioners) to conserve reserves as a cushion for potential credit losses and equity.
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A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
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Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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