Category: L

The insurer / insurance company hires one for an insured’s insurance claim investigation and settlement an insured. This person is typically and independent entity. Also refer to loss adjustor.

Current year’s net loss offsets previous year’s taxable income as an accounting adjustment, giving a tax refund as already paid. US tax law allowance. Also refer to loss carryforward.

Current year’s net loss offsets subsequent years’ taxable income as an accounting adjustment. Even a partial loss carryback of up to 20 years under the US tax laws is possible.

Compared to other risks in the same classification, this amount intends to offset greater-than-average losses most smaller risks have.

1. In General, this is a repeatable set steps that lead back to the first step. : 2. In Electrical/Electronics, this is a complete circuit. An example is a wire-pair connecting the telephone exchange with a subscriber’s telephone system. 3. In Project management, this is a symbols set indicating mutually dependent, multiple activities. : 4. In Programming, this is the repetitious execution of a program function until a coded condition is met.

Damages resulting from a pending lawsuit are an example of a potential liability that is probable and reasonably estimable forced to use this provision.

Without violating its literal interpretation, an allowed legal interpretation or practice unintentionally ambiguous due to a textual exception, omission, or technical defect, evades or frustrates the intent of a contract, law, or rule.

To reduce the frequency or severity of losses, human, engineering, and risk management practices are employed as a multi-disciplinary approach.

The governmentÕs or central bankÕs monetary policy and how the nationÕs money supply is managed. It occurs by expanding the money supply and encouraging citizens and economic growth with easy access to this money.

In accordance with the terms and conditions of the rental agreement, safe driving of a rental car relieves the customer of damages arising from loss of the car or any damage to it provided that this rental car insurance option was taken as additional premium payment.