LIFE INSURANCE
A coverage that will substitute the insured’s income in the event the insured passed away. The named beneficiary receives the proceeds of the insurance and will be safeguarded from the financial impact of the insured’s death. Policyholders purchase insurance coverage from an insurance company and pay periodic amounts or premium for the duration of the insurance. There are four major types of life insurance policies: term life insurance, whole life insurance, endowment life policy, and annuity. Also called life assurance.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
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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