Reinsure Definitions

Useful Words

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Reinsurance : دوہری بیمہ کاری , Loss Ratio : نقصان کی مقدار , Insurance : کسی نقصان کے تحفظ کے لیے بیمہ کرانا , Coolant : ٹھنڈا کرنے والا مادہ , Hospitalization : ہسپتال کا بیمہ , Insured : بیمہ دار , Subsidiary : ضمنی ادارہ , Reshipment : جہاز کے ذریعے سامان کی دوبارہ ترسیل , Conveyance : انتقال , Taxability : قابل محصول ہونے کی صورت , Hostage : یرغمال , Chargeable : قابل مواخذہ , Valve : وال , Tax Avoidance : قانونی طریقے سے ٹیکس کو کم سے کم کرنا , Account Payable : واجب الادا , Alias : فرضی نام , Weakness : ناتوانی , Assumption : مقدمہ , Postulation : اعلان کرنے کا عمل , Alien : غیر ارضی وجود , Pose : تصویر بنوانے کا انداز , Cover : بیمہ کرانا , Insurance Premium : بیمہ کی قسط , Address : گالف میں ضرب لگانے کی تیاری , General Agent : بیمے والا , Health Insurance : صحت کا بیمہ , Health Care : بیمار کا بیمہ , Axiom : مسلمہ , Insurance Company : بیمہ کرنے والا , Coinsurance : مشترکہ بیمہ , Adjust : رقم طے کرنا

Useful Words Definitions

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Reinsurance: sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured.

Loss Ratio: the ratio of the annual claims paid by an insurance company to the premiums received.

Insurance: promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.

Coolant: a fluid agent (gas or liquid) that produces cooling; especially one used to cool a system by transferring heat away from one part to another.

Hospitalization: insurance that pays all or part of a patient`s hospital expense.

Insured: a person whose interests are protected by an insurance policy; a person who contracts for an insurance policy that indemnifies him against loss of property or life or health etc.

Subsidiary: a company that is completely controlled by another company.

Reshipment: the act of shipping again (especially by transferring to another ship).

Conveyance: act of transferring property title from one person to another.

Taxability: liability to taxation.

Hostage: a prisoner who is held by one group to insure that another party will meet specified terms.

Chargeable: liable to be accused, or cause for such liability.

Valve: a structure in a hollow organ (like the heart) with a flap to insure one-way flow of fluid through it.

Tax Avoidance: the minimization of tax liability by lawful methods.

Account Payable: a liability account showing how much is owed for goods and services purchased on credit.

Alias: a name that has been assumed temporarily.

Weakness: the property of lacking physical or mental strength; liability to failure under pressure or stress or strain.

Assumption: a statement that is assumed to be true and from which a conclusion can be drawn.

Postulation: (logic) a declaration of something self-evident; something that can be assumed as the basis for argument.

Alien: a form of life assumed to exist outside the Earth or its atmosphere.

Pose: a posture assumed by models for photographic or artistic purposes.

Cover: protect by insurance.

Insurance Premium: payment for insurance.

Address: the stance assumed by a golfer in preparation for hitting a golf ball.

General Agent: an agent who sells insurance.

Health Insurance: insurance against loss due to ill health.

Health Care: social insurance for the ill and injured.

Axiom: (logic) a proposition that is not susceptible of proof or disproof; its truth is assumed to be self-evident.

Insurance Company: a financial institution that sells insurance.

Coinsurance: insurance issued jointly by two or more underwriters.

Adjust: decide how much is to be paid on an insurance claim.