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Related Definitions
Worker adjustment and retraining notification act (WARN) The 1989 law that requires employers with 100 or more full-time employees to give affected employees 60 days’ written notice of a plant or office closing or other mass layoffs, covers nonprofit
Just-in-time (JIT) Just-in-time (JIT) refers an inventory control system that keeps the inventory of parts and material at the lowest possible level by using
Readjustment period Readjustment period is one- to two-year period immediately following the breadwinner’s death during which time the family should receive
Public adjustor Public adjustor claims adjustor who represents the insured rather than the insurance company and is paid a fee based on the amount of the claim settlement. A public adjustor may be employed in those cases where the insured and insurer cannot resolve a dispute over a
Interest-adjusted method Interest-adjusted method is a method of determining cost to an insured of a life insurance policy that considers the time value of
Independent adjustor Independent adjustor claims adjustor who offers his or her services to insurance companies and is compensated by a fee.
Claims adjustor Claims adjustor is a person who settles claims: an agent, company adjustor, independent adjustor, or public adjustor.
Company adjustor Company adjustor claims adjustor who is a salaried employee representing only one company.
Adjustment bureau Adjustment bureau is an organization for adjusting insurance claims that is supported by insurers
Just noticeable difference Just noticeable difference is the minimum amount of difference that a subject can detect between two stimuli.