guaranteed cost premium

Definition

A premium based on another factor besides loss experience, for example, a certain specified rating. The cost is guaranteed because it will never be adjusted on the basis of the insured's loss experience during the policy's term.

Currency Speculation *
"Buy Call" Option Investment Strategy *
What Education Should Mean for Society *
The Federal Reserve Board of Governors *
Sizing up a Financial Advisor *
Types of Stock Mutual Funds *
Installment Sale *
Tax Implications of Different Types of Investments *

* Article from InvestorGuide.com

guaranteed cost premium

Definition

Related Articles

Related Videos

Popular 'General, Marine, & Life Insurance' Terms

Today's Top Bulls

Nearby Terms