Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Aggregate Stop-Loss Insurance — A policy designed to limit claim coverage (losses) to a specific amount. This type of coverage is to ensure that catastrophic claims (specific stop loss) or numerous claims (aggregate stop loss), do not upset the financial reserves of a self… … Investment dictionary
aggregate — aggregates, aggregating, aggregated (The adjective and noun are pronounced [[t]æ̱grɪgət[/t]]. The verb is pronounced [[t]æ̱grɪgeɪt[/t]].) 1) ADJ: ADJ n An aggregate amount or score is made up of several smaller amounts or scores added together.… … English dictionary
income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… … Universalium
Aviation insurance — HistoryAviation Insurance was first introduced in the early years of the 20th Century. The first aviation insurance policy was written by Lloyd s of London in 1911. The company stopped writing aviation policies in 1912 after bad weather and the… … Wikipedia
Itemized deduction — Individual taxpayers in the United States are allowed a choice when preparing their Federal income tax returns. After computing their Adjusted gross income (AGI), taxpayers can itemize their deductions (from a list of allowable items) and… … 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
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Tax deduction — This article is about the deduction of expenses for the purpose of calculating taxable income. For tax deducted at source, see Withholding tax. Taxation An aspect of fiscal policy … Wikipedia
Depreciation — Not to be confused with Deprecation. Depreciation refers to two very different but related concepts: the decrease in value of assets (fair value depreciation), and the allocation of the cost of assets to periods in which the assets are used… … Wikipedia
Loss payee clause — A loss payee clause (or loss payable clause) is a clause in a contract of insurance which provides that in the event of payment being made under the policy in relation to the insured risk, payment will be made to a third party rather than to the… … Wikipedia
