A deposit premium. A premium paid at inception of the insurance with intention of adjustment to correct the premium later.
A deposit premium. A premium paid at inception of the insurance with intention of adjustment to correct the premium later.
The price for which something would sell, especially the value of certain types of assets, such as stocks and bonds. It is based on what they would sell for under current market conditions. For example, common stock market value would be the price of the stock as of a specified date.