insurance
A financial arrangement to reduce risk. The purchaser of insurance pays a fixed amount, in return for which the seller agrees to pay some larger amount if an unlikely adverse event occurs. Source: Deardorffs' Glossary of International economics.
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adverse selection
Federal Deposit Insurance Corporation (FDIC)
fixed expenses
replacement value
general insurance
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Forward spread
exclusive of tax
insider
expiry
National Association Of Investors Corporation (NAIC)