Bankrate's financial glossary
Did you run across an unfamiliar term when applying for a mortgage, credit card
or auto loan? Find the meaning here, along with definitions of other financial words
and phrases, in Bankrate.com's financial glossary.
Accident and health insurance
Coverage that pays benefits in case of sickness, accidental injury or accidental death. It sometimes provides for loss of income or debt payment if taken out in connection with a loan.
A person who calculates statistically risks, premiums, life expectancies and other factors for insurance firms.
Additional monthly benefit
Addendum to a disability income policy that provides an extra monthly stipend in the first year of injury, before Social Security benefits start.
A method used by some card issuers in which they subtract all payments made during the month, then add the finance charges.
A person who evaluates an insurance claim and determines the amount to be paid.
Adult day care
Out-of-home care for disabled adults providing for physical and social needs.
A card offered by two organizations, one a lending institution, the other a non-financial group. Schools, nonprofit groups, pro wrestlers, popular singers and airlines are among those featured on affinity cards. Usually, use of the card entitles holders to special discounts or deals from the non-financial group.
One of the most popular rewards issued by airline-affiliated co-branded cards. Air miles are earned with every use of the card, and then transferred monthly to the cardholder's account with that airline.
Coverage for health care services provided while the insured is not confined to a hospital or institution. Could include home health care, physical therapy, emergency room care and pre-admission testing.