Business / Taxes / Decreasing Term Insurance: With a decreasing term life insurance policy, the amount of the death benefit decreases each year of the fixed term — such as 20 years — although the premium remains the same. This type of insurance tends to be an economical way to protect your beneficiaries should you die unexpectedly during a period when you have substantial financial responsibilities. For example, young parents with a large mortgage might consider decreasing term policies to help insulate each other against the responsibility of meeting their financial obligations should something happen to one of them.
Insurance Verb Synonyms: assurance, surety, indemnity, indemnification, guarantee or guaranty, warranty, bond, security, protection, cover
Term Noun Synonyms: name, title, designation, appellation, word, expression, locution, phrase
Term Adjective Synonyms: sitting, stint, session, course, incumbency, administration
Business / Finance / Reinsurance: The spreading of risk and division of client premiums among insurance companies allowing the sharing of the burden of a large risk. MORE
Business / Agriculture / Range Betterment Fund: Money collected from livestock grazing on federal lands and used for rangeland improvements. The Bureau of Land Management calls these funds Range Improvement Funds and uses them solely for labor, mat MORE