HOME
|
ABOUT US
| MARKET INTELLIGENCE |
COURSES
|
RESEARCH
|
FAIS FACULTY
|
RE EXAMS
|
CPD POINTS
|
SEARCH
|
GLOSSARY
|
CONTACT US
This glossary is a FREE SERVICE to assist the student and enthusiast alike to get a better understanding of financial terms, analyst industry jargon and monetary concepts. It is a free service to all internet users.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
  
Exact search         lion Contains the word      millions
Starts with word     lioness Ends with word          million
 
in lieu instead of or as a substitute

incident a definite occurrence or event; an occurrence or event that interrupts normal procedure

indemnity the placing of the insured, in the same financial position after a loss that he was in, immediately prior to the occurrence

instalment one of a number of successive payments

insurable interest a demonstrable interest in something covered by an insurance policy, the loss of which would cause deprivation or financial loss. Insurable interest must be shown whenever somebody takes out an insurance policy or makes a claim; the principle that requires an insured to have a legally recognised relationship with the item to be insured

insurance cover an arrangement by which a company gives customers financial protection against loss or harm such as theft in return for payment of premium

insurance policy a document that is evidence of a contract of insurance

insure a person or company licensed to provide insurance to the public

insured the insured is a person who has insurance

intermediary a person who arranges insurance on behalf of another

intermediary services (fais) Any act, other than the furnishing of advice as defined, performed by a person for or on behalf of a client or product supplier which results in a client entering into a transaction with a product supplier in respect of a financial product, or is done with a view to a dealing in, managing, keeping in safe custody, maintaining or servicing a financial product in which a client has invested, or collecting or accounting for premiums, or processing a client’s claim against a product supplier.