- admitted asset
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admitted asset see asset 2
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
admitted asset — noun : any asset of an insurer allowed by state regulations to be reckoned in determining the financial condition of an insurance company … Useful english dictionary
asset — as·set / a ˌset, sət/ n [back formation from assets, singular, sufficient property to pay debts and legacies, from Anglo French asetz, from Old French asez enough] 1: the entire property of a person, business organization, or estate that is… … Law dictionary
nonadmitted asset — “+ noun : an asset (as past due accounts, furniture, and fixtures) of an insurer not permitted by state regulations to be reckoned in determining its financial condition compare admitted asset … Useful english dictionary
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