Financial Dictionary

This dictionary contains:
24549
financial terms

Waiver of premium




Waiver of premium

A provision in an Insurance policy that allows payment of insurance premiums to be permanently or temporarily stopped in the event the policy holder becomes incapacitated.

RELATED TERMS
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Insurance
A contract in which payment of premiums covers the insured against something which may, or may not occur.

Policy
Contract by which the insurer agrees to pay the insured a certain sum of money if or when certain stated events happen; plans determining a government or firm's actions.

Payment
The amount required to repay a loan, including interest and fees.

Stopped
Guaranteed a specific price on the customer's working order while the dealer tries to obtain a better one. Stopped against one's self involves a customer order and a firm's own account, not two customers.

Holder
1) A person in possession of a negotiable instrument such as a bill of exchange or promissory note. 2) A person who has made an opening purchase of an option and thus has acquired the rights to them.



SIMILAR TERMS
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PREVIOUS AND NEXT TERMS
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Wage assignment
A Loan agreement provision allowing the lender to deduct payments from an employee's wages in case of default.

Wage or wages
Money earned for an hour's or day's or week's work (by shop and factory workers, etc.).

Wage push inflation
Inflation caused by skyrocketing wages.

Wage-price spiral
The situation in which inflation leads trade unions to demand wage increases which leads producers to raise their prices, and so on.

Waiting period
1) The period of time between filing a registration statement with the SEC and the registration statement being declared effective by the SEC. 2) The time between the filing of an insurance claim and the payments made on the claim.

Waiver of premium

Walk away
To take and maintain a position in a stock after going to the floor to consummate a trade.

Wall Street
The popular name for the New York Stock Exchange, or for all the financial institutions in and around this street.

Wallflower
A stock that has fallen out of favor with investors and, consequently, tends to trade at a low P-E.

Wallpaper
The name given to stocks, bonds and other securities that have become worthless.

Wanted for cash
A statement displayed on market tickers indicating that a bidder will pay cash for same-day settlement of a block of a specified security.

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This dictionary contains 24549 terms.







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