Pension Portability | Insurance Glossary

Definition of "Pension portability"

Employee's right to transfer pension benefit credits from a former employer to a current employer.

Increase in the value of real or personal property. The price may increase because of a number of fa ...

Same as term CEDE: to transfer a risk from an insurance company to a reinsurance company. ...

Average interest earned by an insurer on its investments after investment expense, but before federa ...

Allocation of funds in a retirement plan. ...

Rules used by state regulators to value securities on the books of insurance companies. Bonds with a ...

Coverage on an all risks basis for loss or damage to fur and jewelry at any location. Furs and jewel ...

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

On most transactions, there is usually a listing agent and a selling agent. The selling agent is som ...

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mor ...

A proprietary lease is lease used for co-ops that give the shareowners the right to live in a partic ...

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