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TAIB
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Takaful : An Arabic word meaning “guaranteeing each other”, Islamic insurance
Zakat : An obligatory contribution or tax which is prescribed by Islam on all Muslim persons having wealth above an exemption limit at a rate fixed by the Shari'ah.
Covenant : An agreement or promise to do or not to do a particular thing.
Capitalisation : The total dollar market value of all of a company's outstanding shares. And it’s calculated by multiplying a company's shares outstanding by the current market price of one share.
Collateral: Assets pledged to secure the repayment of a loan.
Ishtirak : Contribution, as in Takaful.
ASSIGNMENT : An agreement under which one party—the assignor—transfers some or all of his ownership rights in a particular property, such as a life insurance policy or an annuity contract, to another party—the assignee.
BENEFICIARY : The person or legal entity the owner of an insurance policy names to receive the policy benefit if the event insured against occurs.
DEDUCTIBLE : The amount of loss paid by the policyholder. Either a specified dollar amount, a percentage of the claim amount, or a specified amount of time that must elapse before benefits are paid. The bigger the deductible, the lower the premium charged for the same coverage.
DERIVATIVES : Contracts that derive their value from an underlying financial asset, such as publicly traded securities and foreign currencies. Often used as a hedge against changes in value.
TAIB
Across:1. | The amount of loss paid by the policyholder. Either a specified dollar amount, a percentage of the claim amount, or a specified amount of time that must elapse before benefits are paid. The bigger the deductible, the lower the premium charged for the same coverage. | 3. | Contribution, as in Takaful. | 6. | An Arabic word meaning “guaranteeing each other”, Islamic insurance |
| 7. | An agreement under which one party—the assignor—transfers some or all of his ownership rights in a particular property, such as a life insurance policy or an annuity contract, to another party—the assignee. | 8. | The person or legal entity the owner of an insurance policy names to receive the policy benefit if the event insured against occurs. | 9. | An agreement or promise to do or not to do a particular thing. |
| | Down:1. | Contracts that derive their value from an underlying financial asset, such as publicly traded securities and foreign currencies. Often used as a hedge against changes in value. | 2. | The total dollar market value of all of a company's outstanding shares. And it’s calculated by multiplying a company's shares outstanding by the current market price of one share. |
| 4. | Assets pledged to secure the repayment of a loan. | 5. | An obligatory contribution or tax which is prescribed by Islam on all Muslim persons having wealth above an exemption limit at a rate fixed by the Shari'ah. |
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© 2013
PuzzleFast.com, Noncommercial Use Only
TAIB
Across:1. | The amount of loss paid by the policyholder. Either a specified dollar amount, a percentage of the claim amount, or a specified amount of time that must elapse before benefits are paid. The bigger the deductible, the lower the premium charged for the same coverage. | 3. | Contribution, as in Takaful. | 6. | An Arabic word meaning “guaranteeing each other”, Islamic insurance |
| 7. | An agreement under which one party—the assignor—transfers some or all of his ownership rights in a particular property, such as a life insurance policy or an annuity contract, to another party—the assignee. | 8. | The person or legal entity the owner of an insurance policy names to receive the policy benefit if the event insured against occurs. | 9. | An agreement or promise to do or not to do a particular thing. |
| | Down:1. | Contracts that derive their value from an underlying financial asset, such as publicly traded securities and foreign currencies. Often used as a hedge against changes in value. | 2. | The total dollar market value of all of a company's outstanding shares. And it’s calculated by multiplying a company's shares outstanding by the current market price of one share. |
| 4. | Assets pledged to secure the repayment of a loan. | 5. | An obligatory contribution or tax which is prescribed by Islam on all Muslim persons having wealth above an exemption limit at a rate fixed by the Shari'ah. |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only