Amount owed by an insured (policyholder) on a current billing statement for premium due on insurance that has lapsed.

Issuance of an insurance policy for an individual or a group that is effective on a month, day, and year earlier than the date of actual issue so that the premium rate will be lower. State law usually limits backdating to not more than 6 months. Also called dating back .

Life insurance policy in which most of the expense charges occur when the policyholder gives up the policy or makes cash withdrawals from the policy. Generally, charges are highest in the beginning policy years and eliminated at the end of a certain number of years.

System in which there is a higher accrual of pension benefits during a participant’s later years of employment. This is designed to encourage long employment.

Queue of insurance claims at the insurance company that have not been processed for payment (adjudicated) to the provider of medical services.

Duplicate data file; tape, CD-ROM, disk, or external hard disk used to record data; it may be used to complete or redo an operation if the primary equipment fails.