Category: N

a health insurance policy that the insurance company cannot cancel as long as the premiums are paid.

Non cash expenses such as depreciation where cash is not physically involved

1. Accounting: A Financial items that does not affect the firm’s cash inflows and outflows while being included in the computation of its income on the basis of accruement 2. Banking: Checks and other such negotiable instruments that are only credited to a holder’s account upon clearance by the bank.

A financial activity that involves the owner’s equity and liabilities but has no effect on the inflows and outflows of cash. A significant amount involved in a noncash transaction is included in the footnotes of a cash flow statement.

The loss of a right due to a failure to claim or pursue it within a specified legal period.

An investor’s bid to gaining possession of a debt issue whose price depends on the yield or average discount rate of all bids combined. A minimum price of $10,000 is the standard for debt issues, such as the US Treasury bond, offered by the Federal Reserve Bank.

the term that is given to the court’s decision that can be subject to an appeal.

The discrepancy that causes the underinsurance of property in the event of a loss. This occurs when the same property is covered for the same danger by different policies, but differ in the amount claimable.

An illness that gives the insured, freedom to go outdoors.

A policy with a set premium amount such that extra premiums cannot be added