Related Words

Aggregate Stop-Loss Coverage: A type of stop-loss insurance that provides benefits when a group's total claims during a specified period exceed a stated amount.

Individual Stop-Loss Coverage: A type of stop-loss insurance that provides benefits for claims on an individual that exceed a stated amount in a given period. Also known as specific stop-loss coverage.

Initiate Coverage: A company's first sale of stock to the public. Securities offered in an IPO are often, but not always, those of young, small companies seeking outside equity capital and a public market for . . . View Full Definition

Interest Coverage Ratio: The interest rate, such as prime or LIBOR, that is used as a reference point for quoting borrowing rates. For example, using the prime rate as the interest basis, a loan might be offered at . . . View Full Definition

Interest Coverage Test: The ratio of earnings before interest and taxes to annual interest expense. This ratio measures a firm's ability to pay interest.

Guaranteed Replacement Cost Coverage Insurance: A type of insurance policy that requires the insurer to renew the policy to an individual regardless of health changes. No changes may be made to an individual policyholder unless the same c . . . View Full Definition

Fixed-Charge Coverage Ratio: A unit investment trust consisting of securities that were agreed upon at the time of investment and do not change.

Duplicate Coverage: When a person has coverage for the same health services under more than one health benefits plan

Exposed Aggregate Finish: A method of finishing concrete which washes the cement/sand mixture off the top layer of the aggregate - usually gravel. Often used in driveways, patios and other exterior surfaces.

Extended Coverage Policy: A title insurance policy that covers risks normally excluded by most standard coverage policies. The standard policy normally insures the title only as shown by the public records. It does n . . . View Full Definition