CENTRAL GUARANTEE FUND
Fund allocated by state insurance regulators to repay claims to policyholders should the insurance firm become insolvent. These are accumulated from regular assessments charged to operating insurance firms. When state courts declare an insurance firm insolvent, regulators recover the firm’s remaining assets into the central guarantee fund while the remaining policyholder claims are paid out of the fund.
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Noncurrent Liabilities
An obligation which is not required to be fulfilled within 12 months of the balance sheet date. It is also known as long term liability.
Stub Quote
Order to buy or sell a stock above the stock’s market price. Trading companies use these quotes when they don’t want to trade at specif ...
Privately Owned
A company or firm that is not traded publicly on a securities exchange.
Love Money
Capital or seed money given to entrepreneur, from family and friends, in order to start a business. The decision to loan money and the terms of the ...
UGX
Ugandan Shilling is the national currency of Uganda and is designated with the abbreviation UGX.
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