||one that owns and rents out land or buildings|
Leverage is the proportion of total capital which is financed by debt or equity.
[L = Total capital/Equity]|
||(Borrowings to capital, gearing, debt to capital)
Debt to capital measures the extent to which the net assets of a business are funded by interest-bearing debt.
[Debt% total capital = 100]
[Closing net loans/Closing total capital]|
Debt to equity measures the proportion of debt and equity in the capital of the business.
[Leverage% = Debt]
||legal responsibility for financial obligation, such as damages|
|limits of acceptance/liability
||the maximum amount accepted by an
insurer in respect of a specific risk|
||legal proceeding in a court to determine and enforce legal rights|
||those elements added to a premium to allow for additional risk
Loans are that part of the capital of the business provided by lenders. Loans are capital regardless of whether they are long or short term.|
||an undesired event or the amount of a claim made by an insurance
||an independent, qualified person who assess the size, or
value of a loss, on behalf of the insurer, but who may also be employed by an
insured to look after his interest in a loss settlement|