Expected Value | Insurance Glossary

Definition of "Expected value"

Sum of money to be received by an insured in the event a given loss occurs.

Same as term Canadian Institute of Actuaries: ...

Unanticipated damages incurred as the result of the sub effects of a parties breach of responsibilit ...

A documentation rule where the borrower discloses assets and their source but the lender does not v ...

Bonds that are sold at discount from their maturity value with the interest compounding and paid at ...

Financial statement, issued by the insurance company on a monthly basis to its agents, showing for e ...

Preference. Precedence. Something given prior attention. Something having a higher level of ...

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works fo ...

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

Homeowners association is a nonprofit association that manages the common areas of a condominium or ...

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling for ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews