A period during which insurance applied used for the calculation of premium when for some reasons the insurance has been discontinued.
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UK: A period during which the insurer has been on risk for an insurance that has been discontinued.
Insurance Encyclopedia
Time policy
UK: A policy that insures the subject-matter, normally a hull, for a stated period of time (Marine Insurance Act 1906, s.25(1)) as opposed to a specific voyage. Hull risks are usually insured in this way using the International Hull Clauses or the earlier Time Clauses.
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UK: a type of marine insurance in which a ship is insured for a specific period of time, rather than a specific voyage.
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Ocean marine Policy covering the insured’s interests in voyages which begin during the Policy period. A time Policy, appropriate for a shipper of many cargoes or the owner of several vessels, does not cover losses to voyages which were underway whey the Policy period began, but, as long as the voyage began during the Policy period, it covers losses in voyages which conclude after the Policy period ends.
Time value of money
Relationship determined by the math of compound interest between monetary values at one point in time and their values at other points in time. Implicit in any consideration of time value of money are the rate of interest and the period of compounding.
Time-Weighted Average (TWA)
Measure of the concentration of a potentially harmful airborne chemical or physical Agent during a specified interval, such as an eight-hour workday. During this interval, the concentration of a specified substance is measured continuously (or very frequently) so that the intensity and duration of each level of exposure can be determined. The time-weighted average exposure is computed by multiplying each observed level of exposure by its duration, adding the resulting products, and dividing by the total duration.
Timing risk
1. Risk attaching to an insurer that losses become payable earlier than expected. This prevents the insurer from earning his anticipated investment income or requires the premature liquidation of assets or raising loans to satisfy the claims. Financial reinsurance methods are primarily concerned with allowing insurers to smooth out losses over time. 2. The risk that an investor buys or sells investments at the wrong time.
Tinnitus
A noise in the ears that may accompany loss of hearing. Tinnitus may have a significant effect on the damages awarded in claims based on occupational deafness.
Tippers for Motor
These are goods carrying transport vehicle used for carrying loose and bulk goods viz., mining materials, sand, blue metals, coal etc. These tippers normally operate for short distance only like Harbors, cement factories, Mines, Earthen Work, Road work etc and are 2 cu meters of load areas up to 100 cu meters presently working in mines. These vehicles have power take off shaft in the gear box to drive the hydraulic pump which develops the pressure used for lifting the load body with the help of telescopic jack. The cabin for the tipper is almost similar to common truck.
Title
The means whereby the owner of lands has the legal possession of his party. It also refers to the instruments which prove evidence of his right.
Title Deed
The successive deeds upon which title rests. The owner of the land is properly entitled to these instruments which go with the land.
Title Guarantee Bond
Under the Policy an agreement binds the Insurer to indemnify the insured for such losses as specifically delineated by reason of defects in the title real estate providing there are no exceptions listed on guarantee.