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Policy Financial Glossary

What is it? The full details and terms of an insurance contract.

Finance Term Definition Added By: Kevin

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Other Similar Finance Terms:

Financial Term Occupational Pension Scheme is A pension scheme set up by an employer for its employees.

Financial Term LEAP is A LEAP is a long-term option contract for a companys stock. They usually run for one year or more and are available on several U.S. exchanges.

Financial Term Record Date is Record Date is the date on which a shareholder must officially own shares in order to be entitled to the dividend.

Financial Term Condominium is A form of ownership in which individuals purchase and own a unit of housing in a multi-unit complex. The owner also shares financial responsibility for common areas.

Financial Term Family of Funds is Group of mutual funds managed by the same investment management company. Each fund typically has a different objective; one may be a growth-oriented stock fund, whereas another may be a bond fund or an index fund. Shareholders in one of the funds can usually switch their money into any of the familys other funds, sometimes at no charge.