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Insurance

First Unpaid Premium(FUP)

In the realm of insurance, the term 'first unpaid premium' signifies the initial instance of a policy holder failing to make their premium payment. When a premium is paid on time, a receipt is provided which denotes the next due date. However, if this due premium is not fulfilled, that date transforms into the 'date of FUP'.

Participating Policy

A participating policy, often referred to as a with-profits or par policy, is a type of insurance policy that involves a higher premium compared to a non-participating polic...

Assessable policy

As we delve into the realm of finance, it is important to familiarize ourselves with the concept of assessments. These are additional charges that are imposed on all policyh...

Viatical settlement

When an unrelated third party buys a life insurance policy from a terminally ill individual, it is known as a viatical settlement. This allows the policy owner to receive a ...

Involuntary coverage

In finance, there exists a concept known as 'mandatory insurance'. This pertains to the government's requirement for specific groups or individuals to purchase insurance unde...

In the world of finance, there exists a spectrum of groups that are often overlooked or misunderstood. These include the unorganised sector, informal sector, economically vul...

Directors and officers liability insurance (D&O)

Directors and officers of a company can be held liable for their negligent actions or failures to act, as well as for any false or misleading statements made that lead to leg...

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Commodity

All terms related to the basic goods used in commerce that are interchangeable with other goods of t

Currency

All terms related to the system of money in general use in a particular country, representing a medi

Bank Deposits

All terms and concepts related to the placement of money in a bank account, including savings accoun

Technicals

All terms and concepts related to technical analysis in finance, which involves using historical pri

IPO

All terms and concepts related to the process in which a private company offers its shares to the pu

Property

The "Property" category in finance encompasses all aspects related to real estate and tangible asset

Financial Terms

A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used

Fixed Income

Investments that provide regular, fixed payments, such as bonds and treasury bills.

Taxes

All terminology and concepts related to various tax types, tax laws, and taxation principles.

Fixed Income Instruments

All terms related to investments like bonds or treasury bills that provide regular, fixed payments,

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