Meaning INSURABLE INTEREST: An insurance term referring to the relationship between a policy's insured person or property and the potential beneficiary. The beneficiary must have an insurable interest in the insured person or property to receive payment of the policy if the insured died while the policy was in force
More terms such as Insurable interest in Dictionary I.
- Definition Interest Rate Futures Contract:
- Examples A futures contract based on an interbank deposit rate or an underlying debt security. The value of the contract rises and falls inversely to changes in interest rates insurable interest definition.
- Definition Identified Shares:
- Examples Stock or mutual fund whose purchase date and price may be identified for capital gains and tax purposes when shares sold insurable interest explain.
- Definition Inverse Floating-Rate Note:
- Examples A variable-rate security whose coupon rate increases as a benchmark interest rate declines insurable interest what is.
- Definition Individual Retirement Account (IRA) Rollover:
- Examples A provision of the law governing IRA's that enables a retiree or anyone receiving a lump-sum payment from a pension, profit-sharing, or salary reduction plan to transfer the amount into an IRA insurable interest meaning.
- Definition Imputation Tax System:
- Examples Arrangement by which investors who receive a dividend also receive a tax credit for corporate taxes that the firm has paid insurable interest abbreviation.
