Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
products-guarantee insurance — An insurance policy covering financial loss as a consequence of a fault occurring in a company s product. A product guarantee claim would be made, for example, to pay for the cost of recalling and repairing cars that are found to have a defective … Big dictionary of business and management
products recall insurance — Insurance that gives protection for the cost of recalling defective products. It is mainly arranged as an extension to a products guarantee insurance policy. Practical Law Dictionary. Glossary of UK, US and international legal terms.… … Law dictionary
products-liability insurance — An insurance policy that pays any compensation the insured is legally liable to pay to customers who are killed, injured, or have property damaged as a result of a defect in a product that they have manufactured or supplied. Costs incurred as a… … Big dictionary of business and management
guarantee — See guaranty. American Banker Glossary The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations. Bloomberg Financial Dictionary Financial security required for… … Financial and business terms
Guarantee Security Life Insurance Company — Guarantee Security Life Insurance Company, or GSLIC, represented one of the most severe cases of insurance fraud in Florida history. According to the Florida Insurance Commissioner:: [GSLIC] was, almost from the beginning, a massive fraud, aided… … Wikipedia
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia
UIA (Insurance) — Infobox Co operative company name = UIA (Insurance) Limited company company type = Industrial and Provident Society company slogan = Insurance with principles foundation = 1867 location = Kings Court, London Road, Stevenage, Hertfordshire SG1 2TP … Wikipedia
MBIA Insurance Corporation — A division of publicly traded MBIA, Inc, and a primary worldwide issuer of financial guarantee insurance. Used to back municipal bonds and structured finance products, MBIA insurance is used as an avenue to credit enhancement, as MBIA s insurance … Investment dictionary
Annuity (US financial products) — In the U.S. an annuity contract is created when an individual gives a life insurance company money which may grow on a tax deferred basis and then can be distributed back to the owner in several ways. The defining characteristic of all annuity… … Wikipedia
