ADJUSTED LIABILITIES
An insurance company's liabilities which is different from the statutory liabilities of the company due to its adjustment. It calculated by picking the statutory liability and deducting the asset valuation reserve and the interest maintenance reserve. The statutory liabilities are the liabilities of the company as determined by the accounting rules applicable. The National Association of Insurance Commissioners (NAIC) obligates the insurance companies to preserve the aforementioned reserves to cushion for potential credit and equity losses. This definition is exclusive only to the insurance industry.
POPULAR TERMS
European Currency Quotation
Indirect quotation in the foreign exchange market in which the value of a foreign currency is denoted as a per-unit measure of the US dollar. It sh ...
Passbook Loan
Passbook-loans are offered to saving-account holders by the custodial bank. This type of personal load uses the balance of a holder’s saving ...
Buy Minus
Order in which a client instructs a broker to buy a stock below its current market price. Traders use buy minus order when he intends to purchase a ...
Startup Capital
Startup capital is also known as ‘seed money’. It is the money used in operating a startup business. Money may be used for permits, inv ...
Estate Tax
Tax levied on an heir’s inherited part of an estate if the value exceeds the exclusion limit set by the law. This is mostly imposed on assets ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Ethical Investing: Corporate Governance
It is important for ethical investors to determine how companies manage themselves and their relations with investors and stakeholders.
< ...
Getting to Know The Federal Reserve
The world’s largest economy in the world is the economy of the United States and running it, keeping it in check, and making sure that it doe ...
Health Savings Account: Eligibility
We discussed the fundamental information regarding HSAs. Now, we shall tackle the qualifications for opening an HSA.
Any person can utili ...
A Guide to Your Personal Income Tax: Avoid Awful Surprises
Who loves to be surprised by the Internal Revenue Services? No one (unless it is a tax refund). The federal agency has its way of shocking taxpayer ...
Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
ECONOMIC CALENDAR
Time | Country | Indices | Period |
---|---|---|---|
10:00 | Ifo Business Climate Index | May | |
10:00 | Ifo Current Assessment | May | |
10:00 | Ifo Business Climate Index | May | |
10:00 | IFO - Expectations | May | |
10:00 | Ifo Current Assessment | May | |
10:00 | IFO - Expectations | May | |
14:59 | NBB Business Climate | May | |
14:59 | NBB Business Climate | May | |
01:01 | BRC Shop Price Index | May |