From Longman Business Dictionarysum insuredˌsum inˈsured (also sum assured) noun [countable]INSURANCE the maximum amount of money that an insurer will have to pay, according to an insurance contractTheir policy schedule shows a sum insured of £1,000.Quiz...
to give or to take an insurance on or for; as, a merchant insures his ship or its cargo, or both, against the dangers of the sea; goods and buildings are insured against fire or water; persons are insured against sickness, accident, or death; and sometimes hazardous debts are insured....
Also in the bottom left of the page several parts of wikipedia pages related to the word Assured and, of course, Assured synonyms and on the right images related to the word Assured. Definition of Assured AssuredAssured As*sured", a. Made sure; safe; insured; certain; indubitable; not ...
Synonyms of insurance 1 a : coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril b : the business of insuring persons or property c : the sum for which something is insured 2 : a means of guaranteeing ...
The meaning of PROMISE is a declaration that one will do or refrain from doing something specified. How to use promise in a sentence.
Insurance is a settlement or arrangement by which a State or a company undertakes to provide the insured with compensation for a possible eventuality such as damage, illness, loss, or even death in return for the sum payment of a given premium. What is insurance?/What is the meaning of ins...
aMost importantly, imaging your have lent Ecalpimos Ltd a sum of money with which to buy a hotel.Unforunately the hotel burns down and, because it was not insured, Ecalpimos Ltd has no money to pay you back. You can not get Zosie,Adam and Shiva to pay up from their own personal...
In the unfortunate event of death of the insured person within the policy term, the designated beneficiary(ies) will receive a Life Benefit10 equivalent to the higher of (i) 101% of the total annual premiums paid (less the sum of all withdrawals, including ...
aninvestment, rather than aseriesofpaymentsCorporate bonds pay a fixed rate of interest and then a capital sum on the bond’s maturity.2a single payment to aninsuredperson ifcertainconditionsaremetAn endowment policy pays a capital sum to the insured at a specified time in the future.→sum ...
Other advantages of BICs include the ability of investors to make investments over a period of time rather than in one lump sum. Many BICs include a deposit window of a few months where the investor can make investments in the BIC and receive the guaranteed interest rate for the contract dur...