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preliminary term
life insurance accounting method that does not require any terminal reserve for a policy at the end of the first year. First-year policy acquisition expenses, such as agent commission, medical examination , and premium tax , are often too large to leave enough of the end-of-the-year premium for addition to the premium reserve required under state full valuation reserve standards. In order to avoid taking the difference between the amount of the premium remaining and the required addition to reserves out of the insurance company's surplus account , the full preliminary term reserve valuation method is sometimes used. This leaves more of the premium available to cover acquisition cost and first-year claims.
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What is preliminary expenses in final accounts?
It is deffered cost
What is a preliminary outline mean?
A preliminary outline is a structured framework that organizes key ideas and concepts for a project, paper, or presentation. It serves as a roadmap to guide the development of the content, helping to clarify the main points and their relationships. Typically created in the early stages of planning, a preliminary outline can be revised and expanded as more research and ideas are developed.
What does preamble mean?
1. A preliminary statement, especially the introduction to a formal document that serves to explain its purpose. Source: Answers.com
What are the preliminary pages of a business report?
The title page is part of the preliminary pages of a business report. Other pages included in the preliminary pages include the list of tables and figures, and the contents page.
What is Preliminary interview?
A preliminary interview is a way for a boss to get to know a person and can gauge whether they will be a good fit for a company. The preliminary interview may discuss education qualifications and give a person to ask questions about the job.
What are preliminary expenses?
Preliminary expenses are any cost incurred when starting a company. The cost of the location, hiring employees, and fees for an attorney are considered preliminary expenses.
What is preliminary expenses in final accounts?
It is deffered cost
What does waiver of preliminary hearing mean?
A waiver of preliminary hearing means that it has been decided, or agreed, that no preliminary hearing is needed and so none will be held.
What does preliminary mean in a home drug test?
THC positive.
What does preliminary hypothesis mean?
Preliminary hypothesis is an educated guess made before any experiment is done. A hypothesis is an unproven theory or statement.
What is preliminary trial?
A premininary trial is done before hand to show the effectiveness of a method.
What does preparatives mean?
It is the preliminary steps taken prior to some activity.
What does the word preliminary mean?
Preliminary stage means that a task is in a preparatory phase or in simple terms still a work in progress.
What does Preliminary Interview mean?
In preliminary interview the applicant is given the job details enabling him to decide whether the job will suit him.
What does une avant mean?
Une avant in French literally means "a preliminary" in English.
What does reconnoiter mean?
To make a preliminary inspection of, especially in order to gather military information.
What does HTS waived for preliminary hearing mean?
HTS waived for preliminary hearing means the defendants forgoes his rights to this hearing. The defendant just wishes to proceed to the next step of the judicial process.
