ASSUMPTION ENDORSEMENT
A supplemental insurance policy demanding that, in case the original insurer turns to insolvent, any claim governed by the reinsurance will be paid straight to the policyholder by the reinsurance, instead through the traditional channels. This is not aimed to aggregate the risk to the reinsurer but, rather, to accelerate the claims process. Also referred a "cut-through endorsement."
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Recompense
The act of giving a target person or entity some form of monetary benefit as a result of performing some action or some action happening to the tar ...
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Slow and steady appreciation of market prices through time. This is more beneficial to long-term retail investors since they enjoy steady gains fro ...
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