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Related Definitions
Current assumption whole life insurance Current assumption whole life insurance is nonparticipating whole life policy in which the cash values are based on the insurer’s current mortality, investment, and expense experience.
An accumulation account is credited with a current interest rate that
Assumption-of-risk Assumption-of-risk is a defense against a negligence claim that bars recovery for damages if a person understands and recognizes the danger inherent in a particular activity or
Consumption Consumption is the act of using up resources which can apply to the food and drinks stomached and the services enjoyed.
Consumption function Consumption function is the relationship between disposable income and consumer expenditure.
Patient dumping Patient dumping is the practice of treating only patients who can pay, leaving the poor to governmental or charitable organizations.
Hyperconsumption Hyperconsumption is the consumption of goods and services to the point of abnormal excess.
Cathedrals of consumption Cathedrals of consumption means George Ritzer’s term for commercial displays meant to inspire awe, wonder, and enchantment in the consumer
Conspicuous consumption Conspicuous consumption can be defined as popularized by Thorstein Veblin, the idea that many people consume goods and services to
Dumping Dumping are the selling products abroad at prices below production costs or below typical prices in the home market to capture market share
Jumpmaster Jumpmaster is the assigned airborne qualified individual who controls paratroops from the time they enter the aircraft until they exit.