Collision Insurance Financial Glossary

What is it? The type of auto insurance that covers damage to your vehicle, resulting from a collision with another vehicle or object.

Finance Term Definition Added By: Aubrey

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Other Similar Finance Terms:

Financial Term Ex Date is Ex Date is the date after which buying the share after does not entitle the buyer to receive the most recently declared dividend.

Financial Term warrant is (1) An order drawn by a payor directing its treasurer to pay a specified amount to the person named or to the bearer. It may be payable upon demand, in which case it usually circulates in the same way as a bank check; or it may be payable only out of certain revenue when and if received, in which case it does not circulate as freely.(2) A financial instrument that gives the holder the right, but not the obligation, to purchase a specified amount of an asset at a specified price during a specified period of time. A warrant may give its holder the right to buy shares of stock, bonds, currencies, or commodities. The major difference between warrants and options is that prices for warrants are usually published with lists of the prices for the underlying assets.

Financial Term Total Disability is The inability to do your job or manage aspects of your normal day-to-day life.

Financial Term penciled in is An informal expression used to indicate that a potential buyers offer to purchase a portion of a new issue is accepted subject to the potential seller winning the bid to become the underwriter.

Financial Term Cancellation Clause is A provision in an insurance contract that permits the insurer or the insured to cancel a policy at any time before its expiration date.