Absentee hours tallied divided by Normal hours constant, typically 35 hours, times 100. Expressed as a percentage. Illness, injury, any medical problem, child care and other family and personal obligations, maternity or paternity leave, civic or military duty are just a few examples of the many reasons for absence.
The amount a bank can lose if an account goes into default.
An insurance policy whose premuims depend on the loss experienced.
1. In Insurance this is the total of money lost. It is by policy payout, often stated by period. 2. In General business, this occurs whenever overhead expenses exceeds income.
Summary statement of an insurer’s not-yet-settled claims.
Retrospective rating formulas component. Calculating the final premium with a designed catastrophic losses limit versus full hit reporting.
produce a reinsurance rate as a factor of pure loss costs.
Identifying and preventing events causing potential value losses to revenue, assets, or services as a company’s active business practice. To limit the chances of loss, the company’s operating policies or business model is often changed.
Lawful damages payout is required that financially positions the offended party of a breached contract to where the offended party would have been financially if there had been no breach. A legal rule.
the term used when a person is deprived of his citizenship due to giving false information when applying.