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  • The Financial Encyclopedia
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Contractual Claim

A claim, that by virtue of a contract, gives a holder the right to receive an amount of money (cash...

    Equity Claim

    A claim to a share of earnings left over after debt obligations have been settled. In general, equity claim represents...

      Condition of Average

      Determination of the amount to be paid against a claim in the case the amount or sum insured is undervalued...

        Claim Closed Without Payment

        A claim is said to be closed without payment (CWP) when it is dismissed and closed, by an insurance firm,...

          CWP

          A claim is said to be closed without payment (CWP) when it is dismissed and closed, by an insurance firm,...

            Closed Without Payment

            A claim is said to be closed without payment (CWP) when it is dismissed and closed, by an insurance firm,...

              Stock

              A type of security that represents ownership in a company/ corporation divided into equal shares that are a claim on...

                Pari Passu

                A Latin phrase that means "on equal footing", "with equal pace", or "with equal step". Pari passu clauses are very...

                  Insurance Adjustment

                  The determination of the amount due for payment under a policy of insurance. Insurance adjustment denotes the determination of the...

                    Adjustment

                    The determination of the amount due for payment under a policy of insurance. Insurance adjustment denotes the determination of the...