ADJUSTED PREMIUM
An adjusted premium is a life insurance policy's premium that is adjusted through the amortization of the expense connected with the acquisition of the insurance policy. This term is tantamount to the net-level premium with an adjustment, to show the cost related with the initial acquisition expenses within the first year.
The net level premium adjustment is an expense amortization related with the establishment of the primary insurance policy. The net-level premium is the whole financial value of the policy ( from inception up to payout), divided by the amount of forecasted years that the policy will run. This term is exclusive to life insurance companies.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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