Claim


 

Home
Site Map
Add Term
Search
About Us
Contributors

Claim

A demand by the insured for a benefit to be paid by the insurers under the conditions of the policy.



Similar Matches

Contingent claim

Contingent claim

A claim that can be made only if one or more specified outcomes occur.


Direct Claim

Direct Claim

A financial claim issued by a deficit unit to acquire funds for investment in real assets.


Nonmarketed claims

Nonmarketed claims

Claims that cannot be easily bought and sold in the financial markets, such as those of the government and litigants in lawsuits.


No claim bonus

No claim bonus

A bonus which is awarded to a policy holder when no claims have been made on an insurance policy during the period of insurance, usually one year. The bonus is subsequently applied to reduce the renewal premium. The motor insurance business uses this approach extensively and companies will usually increase no claim bonuses annually up to a maximum, typically 60%, after four or five years. This method of rewarding policy holders with no claims is sometimes used in household insurance.


Indirect Claim

Indirect Claim

Claim of a financial intermediary; the intermediary relends funds to the deficit unit to enable it to acquire real assets.


Further Suggestions

Contractual Claim
Residual claim
Quitclaim Deed
Insurance claim
Claimant
Marketed claims


 
All rights Reserved. Do not copy without permission.