Basic Form Homeowners Policy: The most common homeowners policy is called a basic form. It provides property coverage against fire and lightning, glass breakage, windstorm and hail, explosion, riot and civil commotion, damage by aircraft, damage from vehicles, damage from smoke, vandalism and malicious mischief, theft, and loss of property removed from the premises when it is endangered by fire or other perils.

 

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Basic Form Homeowners Policy: The most common homeowners policy is called a basic form. It provides property coverage against fire and lightning, glass breakage, windstorm and hail, explosion, riot and civil commotion, d . . . View Full Definition

Performance Measurement: Calculation of the return a money manager realizes over some time interval.

Performance Management: The process of maintaining or improving employee job performance through the use of performance assessment tools, coaching and counseling as well as providing continuous feedback.

Performance Improvement Plan: A plan implemented by a manager or supervisor that is designed to provide employees with constructive feedback, facilitate discussions between an employee and his or her supervisor regarding . . . View Full Definition