Define stated amount
WebMay 13, 2024 · Stated Value. According to The BalanceSMB, stated value is often confused for agreed value, though these two coverage options vary significantly. Stated value is typically used for insuring ... WebMay 3, 2024 · The face amount is the value stated on the face of a financial instrument. The term usually applies to the amount stated on a bond certificate, which the issuer is obligated to pay when the bond matures. This face amount is usually set at $1,000. A bond can sell at a discount or premium to its face amount, depending on the interest rate that …
Define stated amount
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WebDefine in Stated Amount. of the Preferred Securities and in either case only if the Guarantee Trustee shall have obtained either a ruling from the Internal Revenue Service or a written unqualified opinion of nationally recognized independent tax counsel experienced in such matters to the effect that such action will not result in the Trust being treated as … WebJul 20, 2024 · If a storm or fire causes damage to a home, the homeowner will claim with his insurance provider. A claims adjuster arrives to evaluate the damaged property. Later, the insurance company verifies the lost amount. However, the insurer informs the policyholder that a coinsurance fee will reduce the claim amount.
WebJun 24, 2016 · Stated amount endorsement is an endorsement to a policy by the insurance company waiving the coinsurance clause on the specified property. This is also known … WebDec 14, 2024 · Stated capital is the aggregate par value of all shares outstanding. A corporation must retain the stated capital; it cannot be distributed to shareholders as dividends. Companies commonly adopt a $0.01 stated value for their shares in order to minimize this requirement. Many states allow corporations to have no stated value on …
WebActual Cash Value Definition. The actual cash value (ACV) of a property is how an insurance company determines the value of that property at any point in time. It is useful in calculating depreciation. ... When something has insurance at its “Actual Cash Value,” the insurer pays the stated amount after considering the item’s level of ... WebJul 3, 2024 · The actual cash value of the vehicle at the time of the loss. The cost of repairing or replacing the vehicle with one of like kind and quality. The stated amount of …
WebNov 18, 2024 · The coupon rate of a bond or other fixed income security is the interest rate paid out on the bond. When the government or a company issues a bond, the rate is fixed. The coupon rate is stated as an annual percentage rate based on the bond’s par, or face value. The dollar amount represented by this coupon rate is paid each year—usually on …
WebThe meaning of STATED is fixed, regular. How to use stated in a sentence. aton nukeWebApr 3, 2024 · Agreed Amount Clause: A property insurance provision in which the insurer agrees to waive the co-insurance requirement. To obtain an agreed amount clause, insurers require a statement of property ... fz 907WebOct 8, 2015 · Replacement Value. Replacement value refers to how much it would cost to replace the equipment. It doesn't take depreciation into account with equipment values, but instead looks at what it would cost to … fz 933WebJul 27, 2024 · Both terms refer to the stated value of the financial instrument at the time it is issued. ... most companies set a par value for their stocks at a minimal amount, such as Apple Inc., which has a ... aton simmsStated amount coverage is typically provided when the value of the insured vehicle is difficult to establish. Trucks (particularly older models) are often covered in this manner. Antique autos are also covered on a stated amount basis under a commercial auto policy. A vehicle is covered on a stated amount … See more You own Paramount Produce, a wholesale supplier of fruits and vegetables. You have just purchased a large truck that you intend to use for … See more As a method for valuing property, stated amount differs substantially from agreed value. When property is valued on an agreed value basis, … See more As mentioned above, the value you assign to your vehicle becomes the limit of insurance in the Stated Amount Endorsement. Yet, … See more The Limit of Insurance listed in the Stated Amount Endorsement is primarily used for rating purposes. Ordinarily, premiums charged for physical … See more fz 916WebCite. Stated Amount means the amount available to be drawn by a beneficiary under a Letter of Credit from time to time, as such amount may be increased or reduced from … fz 915WebStated Amount means the amount available to be drawn by a beneficiary under a Letter of Credit from time to time, as such amount may be increased or reduced from time to time … aton online