Casualty: Casualty insurance policies include coverage against theft, burglary, vandalism and machinery damage as well as health and accident insurance. Casualty policies are usually written on specific risks, such as theft, rather than being all-inclusive.

 

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Casualty: Casualty insurance policies include coverage against theft, burglary, vandalism and machinery damage as well as health and accident insurance. Casualty policies are usually written on specif . . . View Full Definition

Casualty Loss: The amount an insurance company will pay if the policyholder tende4s or cashes in a whole life insurance policy.

Casualty-Insurance: A financial loss caused by damage, destruction, or loss of property as a result of an unexpected or unusual event.

The Troubles: A period of social unrest in Northern Ireland during the 1970s that profoundly influenced Irish poetry and writings. See for an example Seamus Heaney's 'Casualty.'

Itemized Deduction: Specific deductions allowed by the IRS outlined in the tax return.

Underwriters Laboratory (UL): An independent testing organization which examines and tests devices, systems and materials with particular reference to life, fire and casualty hazards. It develops standards for motor and . . . View Full Definition

Multiperil Policies: Many insurance companies offer multiperil policies for apartment and commercial buildings. Such a policy offers the property manager an insurance package that includes standard types of comm . . . View Full Definition

Institutionalization: The number of financial institutions, e.g. investment companies, fire, casualty, and life insurance companies, holding the stock.

Stub: An agreement in settlement of a lawsuit involving specific payments made over a period of time. Property and casualty insurance companies often buy life insurance products to pay the costs o . . . View Full Definition