The original cost, plus out of pocket expenses, of an asset (such as property, stock, or a business interest) that is used to determine gain or loss when the asset is disposed, whether through sale, gift, or bequest. The basis … Continued
b - insuranceology
An individual designated in a will to receive an inheritance, or the individual designated to receive the proceeds of an insurance policy, retirement account, trust, or other asset.
The period of time benefits are received based on a contractual agreement. The term is commonly used to refer to health or disability benefits.
Borrowings are loans of any type.
A business disability policy designed to pay the ongoing expenses of a business in the event the business owner becomes disabled.
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