Category: N

An insurance wherein the full premium cost is borne by the employer, with no contribution from the employee.

The neglect or failure of a person to do some act which lie ought to do. The term is not generally used to denote a breach of contract, but rather the failure to perform a duty towards the public whereby some individual sustains special damage, as where a sheriff fails to execute a writ. Sweet. See Coite v. Lines. 33 Conn. 115; Gregor v. Cady, 82 Me. 131, 19 Atl. 108. 17 Am. St. Rep. 406; Carr v. Kansas City (C. C.) 87 Fed. 1; Minkler v. State. 14 Neb. 1S1, 15 X. W. 330; Illinois Cent. R. Co. v. Foulks. 191 111. 57, 60 X. E. 890.

A retirement plan in which the full premium cost is borne by the employer

Several companies within the same field or industry who are independent but lack cooperation between each other.

A type of stock that does not require the company to pay a dividend to the shareholder due to a failure to meet the financial benchmark. In the event of a missed dividend payment, the shareholder is not entitled to receive the payment at a later date.

Also referred to as nonbank financial companies, these are financial companies that perform the traditional duties of a bank without the possession of legal banking classification.

a term used for the ordinances that restrict the types of buildings that can be erected in certain areas.

Generic Goods that bear close resemblance to the goods produced by popular brands and establishments. And as such, they are considered to be of low quality and price due to market perception.

Income that is received from passive sources such as the appreciation of a real estate property and as such they fall under the tax related category of income.

A policy that allows the insured to be covered by continuing the payment of premiums for a specified duration of time. The premiums for such policies remain unchanged while also prohibiting the insurer from making changes