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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

acceleration life insurance :
Type of policy which... Type of policy which pays a portion (typically 25 percent) of the death benefits (face amount of the policy less any outstanding loans, fees, etc.) in case of a specified illness or medical emergency.

actual cash value policy :
Type of homeowners insura...Type of homeowners insurance under which the insurer deducts accumulated depreciation from the replacement cost of the damaged or destroyed asset before paying the claim. Only a 'replacement cost policy' pays the full replacement cost. See also market value policy.

AGING OF ACCOUNTS :
the classification of... the classification of accounts by the time elapsed after the date of billing or the due date. The longer a customer's account remains uncollected or the longer inventory is held, the greater is its realization risk. If a customer's account is past due, the company also has an Opportunity Cost of funds tied-up in the receivable that could be invested elsewhere for a return. An aging schedule of accounts receivable may break down receivables from 1-30 days, 31-60 days, 61-90 days, and over 90 days. With regard to inventory, if it is held too long, obsolescence, spoilage, and technological problems may result. Aging can be done for other accounts such as fixed assets and accounts payable. See also ACCOUNT AGING.

adjustments estimate:
Amendments to the appropr...Amendments to the appropriations bill presented to a parliament for inclusion in the main budget for the current fiscal year.

 

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