Here you will find terms of insurances and finances, which are used in the everyday life, of a person who works in the field.
Actual return
noun
An actual return refers to the actual gain or loss an investor experiences on an investment or in a portfolio.
Example: The formula for actual return is: (ending value-beginning value)/ beginning value = actual return.
fr: Rendement réel
Co-insurance
noun
the insurance company agrees to reduce the premium on a policy if you (the property owner) will carry insurance equal to a specific percentage of the property's true value (usually 80% to 90%).
Example: Her policy has a co-insurance clause of 80%.
fr: Clause de coassurance
Cost of living
noun
the level of prices relating to a range of everyday items.
Example: Wages were also higher because since 1974, the real purchasing power of workers in the economy had to be maintained through the COST OF LIVING allowance or adjustment (YeungLamKo, 1998).
fr: Coût de la vie
Disaster
noun
a sudden event, such as an accident or a natural catastrophe, that causes great damage or loss of life.
Example: 159 people died in the disaster.
fr: Sinistre
Financial planner
noun
a person employed to manage the personal finances of clients.
Example: he hired a financial planner to make sure he was doing everything required to retire comfortably and meet his family's financial needs.
fr: Planificateur financier
Fiscal law
noun
The area of law pertaining to public finances
Example: of or relating to taxation, public revenues, or public debt. fiscal policy. the city's fiscal requirements. : of or relating to financial matters.
fr: Droit fiscal
Franchise
noun
A franchise is a provision in the insurance policy whereby the insurer will not pay unless damage (or loss) exceeds the franchise amount whereas.
Example: Second, that the Levellers were prepared to compromise their position on the FRANCHISE according to political events and to secure the acceptance of other equally important parts of their programme, and thus their standpoint changed.
fr: Franchise
Indemnity
noun
security or protection against a loss or other financial burden.
Example: no indemnity will be given for loss of cash
fr: Indemnité
Interest
noun
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
Example: The respondents noted that low levels of farmer co-operation lie in: lack of the team spirit and mutual trust (52.5%), lack of leader (7.5%), lack of knowledge as to the running of the enterprise (7.5%), lack of INTEREST and finally lack of substantial financial benefits (both 7.5%).
fr: Intérêts
Life insurance
noun
Life insurance is a contract between you and an insurance company. Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. Your beneficiaries can use the money for whatever purpose they choose
Example: In an empirical evidence level, Seligman and Schulman (1986) chose 103 new LIFE INSURANCE agencies and found that the optimists stayed on their jobs as twice as the number of pessimists and sold more insurance than the pessimists.
fr: Assurance vie
Nonverbal
noun
not involving or using words or speech.
Example: An example of a study using videotape analysis is Aldert Vrij's study on detecting deceit via analyses of verbal and NONVERBAL behaviour, (2004).
fr: Non-verbal
Premium
noun
A premium is the price you pay to buy an insurance policy.
Example: If you fail to pay your premiums, you risk having your policy canceled.
fr: Prime
Registered retirement savings plan
noun
A Registered Retirement Savings Plan (RRSP) is a savings plan, registered with the Canadian federal government that you can contribute to for retirement purposes. When you contribute money to a RRSP, your funds are "tax-advantaged", meaning that they're exempt from being taxed in the year you make the contribution.
Example: Deductible RRSP contributions can be used to reduce your tax
fr: Régime enregistré d'épargne-retraite (REER)
Risk
noun
a situation involving exposure to danger.
Example: flouting the law was too much of a risk
fr: Risque
Saving account
noun
Savings account is a basic account type that lets you deposit money safely with a bank. It ensures safety and access to your money whenever you need. You can withdraw your funds, either digitally or in person, at any point in time
Example: I deposited my money in a savings account
fr: Compte épargne
Stock market
noun
Stock markets are venues where buyers and sellers meet to exchange equity shares of public corporations. Stock markets are components of a free-market economy because they enable democratized access to investor trading and exchange of capital.
Example: These grew increasingly strong after the period of economic recession triggered by the STOCK MARKET crash in the US, as workers came to understand the little control and safety they had in their jobs, many having been laid-off or having had pay cuts in the previous years.
fr: Bourse
Subrogation
noun
Subrogation is a term describing a right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured. This is done in order to recover the amount of the claim paid by the insurance carrier to the insured for the loss.
Example: subrogation is when an insured driver's car is totaled through the fault of another driver.
fr: Subrogation
tax
noun
a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
Example: higher taxes will dampen consumer spending
fr: taxe
Tax-free savings account
noun
The Tax-Free Savings Account (TFSA) is an account that does not apply taxes on any contributions, interest earned, dividends, or capital gains.
Example: The annual TFSA dollar limit for 2022 is $6,000. The annual dollar limit is indexed to inflation.
fr: Compte épargne libre d'impôt (CELI)
Third-party insurance
noun
A third-party insurance policy is purchased by the insured (first party) from the insurance company (second party) for protection against the claims of another (third party).
Example: Third-party insurance is essentially a form of liability insurance.
