YEARLY RENEWABLE TERM PLAN OF REINSURANCE
Yearly Renewable Term Plan of Reinsurance is a type of life reinsurance that transfers mortality risks to a reinsurer. The primary insurer or the ceding company yields the net amount at risk for the amount higher than the retention limit of a particular life insurance policy. This amount is equivalent to the difference between the cash value and the face value of an insurance policy. It is yielded to a reinsurer, which pays this amount as part of the death benefit.
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Letter of Credit
A commitment or promise letter, from a bank or importer, that is written to the seller, which guarantees the payment will be received on time and i ...
Bond Buyer 20
Average yield of 20 general obligation bonds with an AA rating and 20-year maturity. Released by The Bond Buyer, it is a poll of municipal bond tra ...
Odd Date
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Investing Style
In stock mutual fund investing, it refers to employing one of three possible approaches, investing in growth stocks, value stocks, or a combination ...
Business Owner Policy - BOP
Insurance policies which covers protection from property and liability insurances. This insurance package collates the basic coverages a business r ...
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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.
Do I Need to Move Out or Renovate My House?
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