The right, not the obligation, to buy the underlying asset or take cash, based on movements in an underlying index as in a weather derivative. Compare with put option.
Tag: RAW
Call share
Physicians or providers on whom a medical practitioner depends for backup support during times that he or she is not available.
Call share group
Group of physicians with similar medical specialties who have joined together to give call share services.
Callable
Subject to redemption on notice (e.g., a bond).
Camel Insurance
The scheme would be applicable to all Camels (Male and Female) in India and shall cover the standard Policy coverage as provided for Cattle Insurance. There is a specific exclusion viz., death of a camel due to Surra.
Cameras for Motor
Camera systems that provide a view behind the vehicle when shifted into reverse are things of yesterday. The new trend is toward multiple cameras providing enlarged field of view. Multi camera system employs three to five cameras depending on the version of the vehicle to display a panoramic view when parking. Precise distances are indicated by lined on the image. It also sounds an alarm when the vehicle closes in on an unseen object during the maneuver. Infiniti’s Around View Monitor has four wide angle cameras mounted in the front, rear and sides, providing a bird’s eye, 360-degree view for parking purposes. Distances are illustrated by color graphics.
Cancel
The ending of a policy, as dictated by the terms of the contract.
Cancel and rewrite
Refers to an insurer’s cancellation and reissuance of the same policy. Typically used to switch a policy renewal to a new date.
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Refers to an insurer’s cancellation and reissuance of the same policy. Typically used to switch a policy renewal to a new date.
Cancelable contract
See: cancelable policy.
Cancelable policy
Individual health insurance policy that can be terminated at any time by the insurance company. Also called cancelable contract. See also conditionally renewable.