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Activities of daily living |
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Activities of daily livingAn insurance term which refers to the basic things that people need to be able to do in order look after themselves - e.g. wash and feed themselves. People who are not able to carry out ADLs unaided may be eligible for long term care insurance.Similar MatchesShort run operating activitiesShort run operating activitiesEvents and decisions concerning the short-term finance of a firm, such as how much inventory to order and whether to offer cash terms or credit terms to customers. Permissiable nonbank activitiesPermissiable nonbank activitiesFinancial activities closely related to banking that may be engaged in by bank holding companies (BHCs), either directly or through nonbank subsidiaries. For example, a BHC might own finance companies or engage in mortgage banking. The Federal Reserve Board determines which activities are closely related to banking. Before making such activities permissible, the Board must determine that performance of the activities by bank holding companies is in the public interest. Directly Unproductive Profit-Seeking ActivitiesDirectly Unproductive Profit-Seeking ActivitiesActivities that have no direct productive purpose (neither increasing consumer utility nor contributing to production of a good or service that would increase utility) and are motivated by the desire to make profit, typically from market distortions created by government policies. Examples are rent seeking and revenue seeking. Term coined by Bhagwati (1982). DUP ActivitiesDUP ActivitiesDirectly Unproductive Profit-Seeking Activities Loss control activitiesLoss control activitiesActions that an insured person or company takes at the instigation of an insurance company in order to prevent accidents or losses. Further SuggestionsGrandfathered activitiesUltra vires activities |
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