Cost-oriented pricing Cost-oriented pricing is a pricing method whereby a firm determines a product’s total cost, then adds a markup to that cost to achieve the
Utmost good faith Utmost good faith is a higher degree of honesty is imposed on both Utmost good faith is a higher degree of honesty is imposed on both parties to an insurance contract than is imposed on parties to other contracts.
Traditional net cost method Traditional net cost method is a method of determining cost to an insured of a life insurance policy, determined by subtracting the total dividends received and cash value at the end of a period from the
Surrender-cost index Surrender-cost index is a method of measuring the cost of an insurance policy to an insured if the policy is surrendered at the end
Replacement cost insurance Replacement cost insurance is a property insurance by which the insured is indemnified on the basis of replacement cost with no
Net payment cost index Net payment cost index is method of measuring the cost of an insurance policy to an insured if death occurs at the end of some specified time period. The time value of money is taken into
Guaranteed replacement cost Guaranteed replacement cost is in the event of a total loss, the insurer agrees to replace the home exactly as it was before the loss
Cost of risk Cost of risk is a risk management tool that measures certain costs in a risk management program, including insurance premiums paid, retained losses, outside risk management services, financial
Boston Boston is the system, which permits the automatic execution of trades based on the current stock prices on the consolidated markets at any of the
Average cost of capital A firm's required payout to bondholders and stockholders expressed as a percentage of capital contributed to the firm. Average cost of capital is computed by dividing the total required cost of capital by the
Definition
[ n.]