Medi Assist Healthcare IPO

Home Insurance

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

Insurance

Pooling

of investors is known as pro rata Pro rata refers to the practice of distributing total losses among a group of investors. This is done in proportion to each investor's stake in the venture. In other words, the bigger the investment, the greater the share of the losses. This concept is commonly used in the world of finance and is essential to understand for any investor. It ensures that everyone bears a fair share of the risks and rewards. So, always keep pro rata in mind when making investment decisions.

Renewal Premiums

In the realm of finance, we often come across the term 'premiums'. These are payments that are made towards an insurance policy, and they can be of different types. One type...

More

Salvage

When an insurer pays a claim, they may take over damaged property in order to minimize their loss. This is known as salvage. Insurers have salvage rights over property they ...

More

Inland transit policy

A fundamental agreement that pertains to domestic shipments, predominantly transported through land-based transportation methods. This type of contract outlines the terms an...

More

Inflation guard clause

A homeowner's insurance policy typically includes a provision that automatically updates the coverage limit for the dwelling whenever the policy is renewed. This provision t...

More