task
stringlengths
37
71
input
stringlengths
0
2.6k
output
stringlengths
1
4.09k
options
list
pageTitle
stringlengths
25
141
outputColName
stringlengths
1
1.03k
url
stringlengths
41
153
wdcFile
stringlengths
71
73
4c882d45__Level_1_Flashcards___Cram_com__Operating_liabilities
Bonds are always listed as liabilities based on the proceeds received from the bonds which are the PV of all future payments [Operating liabilities]
Bonds are listed at what value?
[]
Financing Liabilities CFA Level 1 Flashcards - Cram.com
Operating liabilities
http://www.cram.com/flashcards/financing-liabilities-cfa-level-1-619588
35/1438042990217.27_20150728002310-00092-ip-10-236-191-2_385525294_0.json
4c882d45__Level_1_Flashcards___Cram_com__Operating_liabilities
Market rate > coupon rate Will always be shown on balance sheet as premium. Premium will be amortized to zero during life of bond [Operating liabilities]
Bonds sold at premium (balance sheet)
[]
Financing Liabilities CFA Level 1 Flashcards - Cram.com
Operating liabilities
http://www.cram.com/flashcards/financing-liabilities-cfa-level-1-619588
35/1438042990217.27_20150728002310-00092-ip-10-236-191-2_385525294_0.json
4c882d45__Level_1_Flashcards___Cram_com__Operating_liabilities
Mkt rat < Coupon rate Will always be shown on balance sheet as discount. Discount will be amortized towards zero during life of the bond [Operating liabilities]
Bonds sold at discount (balance sheet)
[]
Financing Liabilities CFA Level 1 Flashcards - Cram.com
Operating liabilities
http://www.cram.com/flashcards/financing-liabilities-cfa-level-1-619588
35/1438042990217.27_20150728002310-00092-ip-10-236-191-2_385525294_0.json
4c882d45__Level_1_Flashcards___Cram_com__Operating_liabilities
Always equal to book value of bonds at beginning of period, multiplied by market rate [Operating liabilities]
Interest expense
[]
Financing Liabilities CFA Level 1 Flashcards - Cram.com
Operating liabilities
http://www.cram.com/flashcards/financing-liabilities-cfa-level-1-619588
35/1438042990217.27_20150728002310-00092-ip-10-236-191-2_385525294_0.json
4c882d45__Level_1_Flashcards___Cram_com__Operating_liabilities
Coupon represents cash flow component as is deducted from CFO. For analytical purposes, int. exp. and amortization should be seperated and amortization should be included in CFF. [Operating liabilities]
Cash flow impacts of issuing bonds
[]
Financing Liabilities CFA Level 1 Flashcards - Cram.com
Operating liabilities
http://www.cram.com/flashcards/financing-liabilities-cfa-level-1-619588
35/1438042990217.27_20150728002310-00092-ip-10-236-191-2_385525294_0.json
4c882d45__Level_1_Flashcards___Cram_com__Operating_liabilities
CFO understated, CFF overstated [Operating liabilities]
CF impact premium bonds
[]
Financing Liabilities CFA Level 1 Flashcards - Cram.com
Operating liabilities
http://www.cram.com/flashcards/financing-liabilities-cfa-level-1-619588
35/1438042990217.27_20150728002310-00092-ip-10-236-191-2_385525294_0.json
4c882d45__Level_1_Flashcards___Cram_com__Operating_liabilities
CFO overstated, CFF understated becasue cash coupon is lower than interest expense [Operating liabilities]
CF impact discount bonds
[]
Financing Liabilities CFA Level 1 Flashcards - Cram.com
Operating liabilities
http://www.cram.com/flashcards/financing-liabilities-cfa-level-1-619588
35/1438042990217.27_20150728002310-00092-ip-10-236-191-2_385525294_0.json
4c882d45__Level_1_Flashcards___Cram_com__Operating_liabilities
Same impacts as coupon debt, but more exaggerated. CFO will be severly overstated [Operating liabilities]
Issuance of Zero coupon debt
[]
Financing Liabilities CFA Level 1 Flashcards - Cram.com
Operating liabilities
http://www.cram.com/flashcards/financing-liabilities-cfa-level-1-619588
35/1438042990217.27_20150728002310-00092-ip-10-236-191-2_385525294_0.json
4c882d45__Level_1_Flashcards___Cram_com__Operating_liabilities
reported as if no conversion feature. For analytical purposes, treat as equity if stock price is considerably above conversion price [Operating liabilities]
Convertable bonds
[]
Financing Liabilities CFA Level 1 Flashcards - Cram.com
Operating liabilities
http://www.cram.com/flashcards/financing-liabilities-cfa-level-1-619588
35/1438042990217.27_20150728002310-00092-ip-10-236-191-2_385525294_0.json
4c882d45__Level_1_Flashcards___Cram_com__Operating_liabilities
Result in changes of mkt value of debt but not reflected on financial statements. With variable rate debt, interest rate changes will change interest expense which will in turn, change NI. [Operating liabilities]
Changes in interest rates
[]
Financing Liabilities CFA Level 1 Flashcards - Cram.com
Operating liabilities
http://www.cram.com/flashcards/financing-liabilities-cfa-level-1-619588
35/1438042990217.27_20150728002310-00092-ip-10-236-191-2_385525294_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] they will [1]
they'll
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] I am [1]
I'm
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] he is [1]
he's
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] she is [1]
she's
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] it is [1]
it's
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] there is [1]
there's
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] here is [1]
here's
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] you are [1]
you're
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] we are [1]
we're
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] they are [1]
they're
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] can not [1]
can't
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] do not [1]
don't
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] did not [1]
didn't
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] are not [1]
aren't
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] does not [1]
doesn't
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] will not [1]
won't
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] is not [1]
isn't
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] I have [1]
I've
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] you have [1]
you've
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] we have [1]
we've
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] they have [1]
they've
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] I would [1]
I'd
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] you would [1]
you'd
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] I will [1]
I'll
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] he will [1]
he'll
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] she will [1]
she'll
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] we will [1]
we'll
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
51c994da_ractions_Flashcards___Cram_com__1
[2] you will [1]
you'll
[]
Contractions Flashcards - Cram.com
1
http://www.cram.com/flashcards/contractions-349
35/1438042990217.27_20150728002310-00221-ip-10-236-191-2_380350141_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] mainstream [samenstromen]
generally accepted; common
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] black pudding [samenstromen]
a type of sausage made of pig's blood, fat and grain wich is very dark in colour
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] marginal [samenstromen]
of interest only to a small group of people
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] layman [samenstromen]
someone who is not trained in or doesn't know a lot about a certain subject
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] remote [samenstromen]
faraway
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] bog [samenstromen]
moeras
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] shin [samenstromen]
scheen
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] novice [samenstromen]
beginneling
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] keen [samenstromen]
eager
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] padding [samenstromen]
pieces of material used to protect something or to give it shape
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] notoriously [samenstromen]
famous for something bad
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] head start [samenstromen]
voorsprong
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] to tumble [samenstromen]
to fall, usually with a rolling movement
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] to delay [samenstromen]
uitstellen, verlaten
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] due to [samenstromen]
because of
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] A&E [samenstromen]
Accident and Emergency
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] spectator [samenstromen]
toeschouwer
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] to egg on [samenstromen]
aansporen
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
f65a27e3_ALQUIN_1_Flashcards___Cram_com__samenstromen
[to troop] goggles [samenstromen]
(duik)bril
[]
ALQUIN 1 Flashcards - Cram.com
samenstromen
http://www.cram.com/flashcards/alquin-1-1962232
35/1438042990217.27_20150728002310-00191-ip-10-236-191-2_387595279_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
A join-line between two tables [External data]
Link
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
A collection of data that uses separate tables to store different aspects of information. [External data]
Relational database
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
A field that uniquely indentifies each record in a table [External data]
Primary key
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
The primary key of a table placed in another table. it is used to create relationships [External data]
Foreign key
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
In access where records are listed only once in a primay table and appear multiple times in a related table [External data]
One-to-many relationship
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
A priamary table is one half of a relationship. it is like a master list of record. each record is uniquel indentified by a primary key and each record appears only once. [External data]
primary table
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
in access when relationships are created between three tables. the junction from the other two tables in this type of relationships [External data]
many-to-many relationship
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
A present in a many-to-many relationship and can contain one or more records from the other two tables in this type of relationships [External data]
junction table
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
A set of rules that ensure data validity between related tables [External data]
Referential integrity
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
The other half of a relationship. it contains the primary key from a primary table and the records from the primay table can appear in it multiple times. [External data]
secondary table
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
5debb865_3_Access_Flashcards___Cram_com__External_data
now relates the primary key of the account types table to the foreign key of the account table [External data]
join line
[]
BCIS U3 L3 Access Flashcards - Cram.com
External data
http://www.cram.com/flashcards/bcis-u3-l3-access-777684
35/1438042990217.27_20150728002310-00205-ip-10-236-191-2_390554743_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
1-the deceased's future earnings are lost forever 2- additional expenses are incurred (funeral expenses, uninsured medical bills, estate settlement costs) 3-some families will experience a reduction in their standard of living 4-noneconomic costs (grief, counseling) [premature death]
costs of premature death
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
single-person single-parent family two income earners with children traditional family blended family sandwiched family [premature death]
different types of families
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
1-human life value approach 2-the needs approach 3-the capital retention approach [premature death]
approaches used to estimate the amount of life insurance to own
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the amount needed depends on the insured's human life value, which is the present value of the family's share of the deceased breadwinner's future earnings [premature death]
human life value approach
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
step 1-estimate the individual's average annual earnings over his or her productive lifetime step 2-deduct taxes, insurance premiums, and self-maintenance costs (remaining amount is used to support the family) step 3-using a reasonable discount rate, determine the present value of the family's share of earnings for the number of years until retirement [premature death]
calculating human life value approach
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the amount needed depends on the financial needs that must be met if the family head should die [premature death]
needs approach
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
-an estate clearance fund -income needed for the readjustment period -the dependency period -life income to the surviving spouse, including income during and after the blackout period -special needs(funds for college educations, emergencies) [premature death]
family needs to consider
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
cash needed for burial expenses, uninsured medical bills, and taxes [premature death]
estate clearance fund
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
a 1-2 year period in which the family adjusts to its new living standard [premature death]
readjustment period
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the period until the youngest child reaches age 18 *follows the readjustment period [premature death]
dependency period
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the period from the time that Social Security survivor benefits terminate to the time the benefits are resumed [premature death]
blackout period
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
total amount needed -total amount of existing insurance and financial assets =amount of new insurance that should be purchased [premature death]
calculating the needs approach
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
preserves the capital needed to provide income to the family(income-producing assets are preserved for the heirs) [premature death]
capital retention approach
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
step 1-prepare a personal balance sheet step 2-determine the amount of income-producing capital step 3-determine the amount of additional capital needed to meet the family needs [premature death]
calculating the capital retention approach
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
1-term insurance 2-cash value life insurance 3-variations of both types [premature death]
types of life insurance
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
provide temporary protection [premature death]
term life
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the policy can be exchanged for a cash-value policy without evidence of insurability -through the attained-age method or the original-age method [premature death]
convertible
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the premium charged for the new policy is based on the insured's attained age at the time of conversion [premature death]
attained-age method
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the premium charged for the new policy is based on the insured's original age when the term insurance was first purchased [premature death]
original-age method
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
issued for a one-year period [premature death]
yearly-renewable term insurance
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
provides protection to age 65, at which time the policy expires -can be converted to a permanent plan but decision to convert must be exercised before age 65 [premature death]
term to age 65 policy
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the face value gradually declines each year [premature death]
decreasing term insurance policy
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
renewal premiums are based on select lower mortality rates if the insured can periodically demonstrate acceptable evidence of insurability [premature death]
reentry term insurance policy
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the premiums are refunded if the policyowner outlives the term of the policy [premature death]
return of premiums term
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
-the amount of income that can be spent on life insurance is limited -the need for protection is temporary -the insured wants to guarantee future insurability [premature death]
when is term life insurance appropriate?
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
-term insurance premiums increase with age at an increasing rate and eventually reach prohibitive levels -term insurance in inappropriate if you wish to save money for a specific need [premature death]
limitations of term life insurance
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
ordinary life, limited-payment life, endowment insurance, variable life, universal life, variable universal life, current assumption whole life, intermediate-premium whole life [premature death]
types of whole life insurance
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
a cash value policy that provides lifetime protection -a stated amount is paid to a designated beneficiary when the insured dies, regardless of whether the death occurs [premature death]
whole life insurance
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
a level-premium policy that provides lifetime protection [premature death]
ordinary life insurance
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the excess premiums paid during the early years are used to supplement the inadequate premiums paid during the later years of the policy [premature death]
legal reserve
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
the difference between the legal reserve and the face amount of coverage [premature death]
net amount at risk
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json
6bf756a9_t_Exam_2_Flashcards___Cram_com__premature_death
a policyholder overpays for insurance protection during the early years, resulting in a legal reserve and the accumulation of cash values [premature death]
cash surrender values
[]
Risk Managment-Exam 2 Flashcards - Cram.com
premature death
http://www.cram.com/flashcards/risk-managment-exam-2-1967469
35/1438042989443.69_20150728002309-00088-ip-10-236-191-2_389389378_0.json