A bondsman is a person who guarantees a bond. Bondsmen are most frequently seen in the context of bail bondsman for criminal defendants.
A bail bondsman is a person who provides bail bonds for people charged with crimes and...
insurance
beneficiary
A beneficiary is an individual who receives benefits from a transaction via a contract (such as an insurance policy), a will, or trust.
Wills and Trusts:A beneficiary is an individual named in a will, revocable trust, or...
binder
A binder is a temporary insurance contract delivered by the insurer to the insured before a permanent insurance policy is issued. The purpose of a binder is to provide insurance coverage and stand in the place of the permanent policy until...
burial insurance
Burial insurance is an insurance purchased to cover the cost of burial, cremation or other disposal of a deceased remains. Burial insurance can be defined as a type of life insurance: the paid-up capital is used to cover the costs of the...
burial policy
Burial policy is an insurance policy used to cover the costs of funeral or cremation expenses for a person who has died. Burial insurance is paid out directly to the beneficiary who may need the money to cover funeral or cremation expenses,...
cafeteria plan
A cafeteria plan is a written employee benefit program that allows employees to choose at least two benefits from a menu of options. As explained by the Internal Revenue Service (IRS), a cafeteria plan must allow employees to choose between...
cargo insurance
Cargo insurance (also referred to as shipping or freight insurance) is an important type of insurance for businesses and individuals who must transport goods often. The insurance provides coverage for cargo damaged during transportation, and...
cash surrender value
Cash surrender value is the amount of money, or cash value, of an insurance contract when the contract is surrendered and given up by the insured back to the insurer. The policyholder effectively surrenders the insurance policy to obtain the...
COBRA
COBRA, or the Consolidated Omnibus Budget Reconciliation Act, is a federal statute, passed in 1985, that provides employees and their families the right to continue group health benefits under an employers group health plan if their work...
coinsurance
Coinsurance is a risk-sharing agreement between the insurer and the insured under a particular insurance policy. The insured agrees to cover a percentage of the losses after the deductible is satisfied, which means that the insured must pay...