Liability insurance

Definition:

Insurance guarding against damage or loss that the policyholder, may cause another person in the form of bodily injury or property damage.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Troubled assets

In context of the Troubled Asset Relief Program, the term 'troubled asset' is defined as: (A) Mortgages, mortgage backed securities, and instruments derived from these that were originated on or... Read More

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio