Search Definitions

The risk of a possible future change in one or more of a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit index or other variable, provided in the case of a …

Payments or other benefits to which a particular policyholder or investor has an unconditional right that is not subject to the contractual discretion of the …

An obligation to pay guaranteed benefits , included in a contract that contains a discretionary participation feature . …

An insurer’s net contractual rights under an insurance contract . …

A contract under which one party (the insurer ) accepts significant insurance risk from another party (the policyholder ) by agreeing to compensate the policyholder if a specified uncertain future event (the insured event ) adversely affects the …

An insurer’s net contractual obligations under an insurance contract . …

A market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing …

A valuation technique that reflects the amount that would be required currently to replace the service capacity of an asset (often referred to as current replacement …

The price paid to acquire an asset or received to assume a liability in an exchange transaction. …

The price that would be received to sell an asset or paid to transfer a liability. …