term business replacement help what is
Meaning of replacement business. What is it: Calculable values can include premiums or reserves.

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Definition replacement business

REPLACEMENT BUSINESS title: replacement business (FS-PM) (SAP Library - Glossary)
REPLACEMENT BUSINESS category: Policy Management (FS-PM)
REPLACEMENT BUSINESS explained:

New business with calculable values or assumed data. Calculable values can include premiums or reserves. External capital can also be included as a calculable value. Assumed data includes the insured person or the premium payer, for example. The calculable values or assumed data can be transferred from one or more previous contracts to one or more new contracts.

Examples:

Replacement of capital-sum life insurance with capital-sum annuity insurance. Replacement of private vehicle insurance with commercial vehicle insurance. Reserve carryforward from one insurance company to another

More terms such as replacement business in Dictionary R.

Manual Recipe Quantity:
Help Quantity of an ingredient required for the manufacture of a drug. Example Ingredient A: 10 mg/1000 ml Infusion. The recipe quantity is 1000 ml replacement business definition.
Manual r3up:
Help coordination program that controls the entire SAP System upgrade. The program controls the upgrade in sequential phases. R3up starts the tools R3load, tp and R3trans, and uses RFC to communicate with replacement business explain.
Manual Rate Determination Routine:
Help determining non-ferrous metal exchange rates according to specific criteria. The program contains rate determination modules that represent the individual criteria. The rate determination routine replacement business what is.
Manual Repayable Advance:
Help a share is to be repaid if the total royalties does not match the advance amount. Example: Advance: 5000 Euros Total royalties: 3000 Euros Amount to be repaid: 2000 Euros The amount to be r replacement business meaning.
Manual Recurring Entry Document:
Help containing the fixed data for every recurring posting (for example the posting key, account, and amount). You set up recurring entry documents for business transactions that occur on a regular basis replacement business abbreviation.
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