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A tax fairness idea that says people with more income or wealth should contribute more in taxes than those with less. The ability to pay principle is one of the …
What Is Ability to Pay? – A Simple and Easy Explanation Read More
A quick, friendly guide to understanding what a commencement date is and why it matters in insurance. The commencement date is the day an insurance policy officially starts. It’s the …
What Is a Commencement Date? – Simple and Easy Explanation Read More
A quick and friendly guide to understanding the combined ratio and what it reveals about an insurance company’s profitability. A combined ratio measures how profitable an insurance company is by …
What Is a Combined Ratio? – Simple and Easy Explanation Read More
A simple guide to understanding how a combinations policy bundles auto and home insurance into one convenient package. A combinations policy is a type of package insurance that brings personal …
What Is a Combinations Policy? – Simple and Easy Explanation Read More
A clear, friendly guide to understanding what a CMO is, how it works, and why investors use it. A Collateralized Mortgage Obligation (CMO) is a type of mortgage-backed security that …
What Is a Collateralized Mortgage Obligation (CMO)? – Simple and Easy Explanation Read More
A clear, friendly guide to help you understand what a CBO is, how it works, and why investors use it. A Collateralized Bond Obligation (CBO) may sound intimidating, but it’s …
What Is a Collateralized Bond Obligation (CBO)? – Simple and Easy Explanation Read More
Collateral loans are loans backed by an investment or asset that the borrower pledges to guarantee repayment. Understanding Collateral Loans A collateral loan is a type of loan where the …
What Are Collateral Loans? – Simple and Easy Explanation Read More
A collar is an agreement where you receive payments from one option, cap, or floor you buy and make payments on another one you sell. Understanding a Collar A collar …
What Is a Collar? – Simple and Easy Explanation Read More
Coinsurance requires you to share a portion of the cost of a covered loss, either in property insurance or medical insurance, based on rules set in your policy. Understanding Coinsurance …
What Is Coinsurance? – Simple and Easy Explanation Read More
Class rating groups people with similar characteristics and uses that group information to determine insurance rates in a fair and consistent way. Understanding Class Rating When you buy insurance, your …
What Is Class Rating? – Simple and Easy Explanation Read More