Mutual Fund Insurance


Definition of "Mutual fund insurance"

Financial guarantee policy that insures against loss of principal invested in a mutual fund.

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Prior Income

Average earned monthly income (AEMI) for the tax year in which the insured wage earner has income interrupted or terminated because of illness, sickne ...

Contingent Liability (vicarious Liability)

Liability incurred by a business for acts other than those of its own employees. This particular situation may arise when an independent contractor is ...

Adjusted Surplus

Statutory surplus plus the interest maintenance RESERVE plus the ASSET VALUATION RESERVE. ...

Omnibus Budget Reconciliation Act Of 1993

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Odds

Probable number of times that a specified event is likely to occur. For example, if E is the event, then the odds for E occurring are X to Y according ...

Popular Real Estate FAQ

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