Disability Insurance Financial Glossary

What is it? Insurance that replaces your income if youre unable to work for an extended period due to illness or injury.

Finance Term Definition Added By: Jacob

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Other Similar Finance Terms:

Financial Term Current Asset is Asset that is expected to be turned into cash within a year.

Financial Term Institutional Investor is Entity with large amounts to invest, such as Investment and Unit Trusts, Insurance companies, Pension Funds, Investment Banks and Endowment Funds. Institutional investors are covered by fewer protective regulations because it is assumed that they are more knowledgeable and better able to protect themselves. They account for a majority of overall volume traded and the value of shares held. Also see Fund Manager.

Financial Term Mutual Fund is A regulated investment company with a pool of assets that regularly sells and redeems its shares. Managers buy and sell assets with the income, gains and losses accruing to the owners. The fund stands ready to buy back its shares at their net asset value. The funds may be either load (fees to administer the fund) or no load (no fees).

Financial Term put is A contract that gives its holder the right to sell an underlying security, commodity, or currency on or before a certain date. The sale option is for a predetermined price called the strike price. Options are often used in hedging.

Financial Term Interest is The charge made for borrowing a sum of money.