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For example, when a claim is first reported, a $100 payment might be made, and a $900 case reserve might be established, for a total initial reported amount of $1000. However, the claim may later settle for a larger amount, resulting in $2000 of payments from the insurer to the claimant before the claim is closed.
Loss reserving is the calculation of the required reserves for a tranche of insurance business, [1] including outstanding claims reserves.. Typically, the claims reserves represent the money which should be held by the insurer so as to be able to meet all future claims arising from policies currently in force and policies written in the past.
remuneration reserve - will be used later to pay bonuses to employees or management. translation reserve - arises during consolidation of entities with different reporting currencies; Reserve is the profit achieved by a company where a certain amount of it is put back into the business which can help the business in their rainy days.
Layout of Urdu Phonetic Keyboard. Along with the UZT keyboards, phonetic keyboards have been developed for Urdu. Phonetic keyboards works with the sound of the words, e.g. 'a' button of the English keyboard contain an Urdu word which is similar to the sound of 'a' and same is the case for other characters.
The Urdu alphabet (Urdu: اُردُو حُرُوفِ تَہَجِّی, romanized: urdū ḥurūf-i tahajjī) is the right-to-left alphabet used for writing Urdu. It is a modification of the Persian alphabet , which itself is derived from the Arabic script .
Reserves for a mortgage refer to cash or any other assets you can easily access to pay your loan. If your mortgage lender requires them, these reserves would be in addition to the cash you’d use ...
Sources disagree over the definition of these two contracts. "Often the same words are used by different banks and have different meanings," [190] and sometimes wadiah and amanah are used interchangeably. [191] Regarding Wadiah, there is a difference over whether these deposits must be kept unused with 100 percent reserve or simply guaranteed ...
The amount added to retained earnings is generally the after tax net income. In most cases in most jurisdictions no tax is payable on the accumulated earnings retained by a company. However, this creates a potential for tax avoidance, because the corporate tax rate is usually lower than the higher marginal rates for some individual taxpayers ...