Related Words

Variable Life Insurance Policy: Expenditures that change in proportion to increases or decreases in sales or production volumes. See also fixed costs.

Policy Limit: The maximum dollar amount of coverage provided by an insurance company for a certain policy.

Policy: A written statement that reflects the employer’s standards and objectives relating to various employee activities and employment-related matters.

Policy Asset Allocation: Way in which an investor seeks to assess an appropriate long-term 'normal' mix of assets that represents an ideal blend of controlled risk and enhanced return.

Policy Loan: A loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy.

Policyholder: An individual who owns an insurance policy.

Policy-Procedures Manual: A detailed written document designed to assist managers and supervisors in carrying out their day-to-day responsibilities by acquainting them with all of the organization's policies and the . . . View Full Definition

Permanent Insurance: Permanent insurance is a life insurance policy that provides a death benefit as long as you live, or in some cases until you turn 100, provided you continue to pay the required premiums. Wit . . . View Full Definition

Perfect Market View (Of Dividend Policy): Analysis of a decision on dividend policy, in a perfect capital market environment, that shows the irrelevance of dividend policy.

Owners Title Insurance: An insurance policy protecting the buyer for the amount of the purchase price in the event of a future title dispute.