Incurred but not reported — (IBNR) is a term in common use in general insurance.When a policy of general insurance is written it will typically cover a 12 month period from inception of the policy. When the policy is sold, a premium is paid by the insured party to the… … Wikipedia
Incurred but not reported — Die Rückstellung für noch nicht abgewickelte Versicherungsfälle (insbesondere in der Schaden und Unfallversicherung üblicherweise als Schadenrückstellung bezeichnet) ist eine versicherungstechnische Rückstellung. Sie wird von… … Deutsch Wikipedia
Incurred But Not Reported — A type of account frequently used in the insurance industry to refer to reserves that are established for claims and/or events that have transpired, but have not yet been reported to an insurance company. In these instances, an actuary will… … Investment dictionary
incurred — in·cur || ɪn kÉœr / kÉœË v. meet with, bring upon oneself, acquire, become liable for (generally pertaining to something unpleasant or undesirable) … English contemporary dictionary
incurred — See incur … Ballentine's law dictionary
incurred risk — A defense to a claim of negligence, separate and distinct from defense of contributory negligence. It contemplates acceptance of a specific risk of which the plaintiff has actual knowledge. Power v. Brodie, Ind.App. 1 Dist, 460 N.E.2d 1241. See… … Black's law dictionary
incurred risk — A defense to a claim of negligence, separate and distinct from defense of contributory negligence. It contemplates acceptance of a specific risk of which the plaintiff has actual knowledge. Power v. Brodie, Ind.App. 1 Dist, 460 N.E.2d 1241. See… … Black's law dictionary
Calendar Year Accounting Incurred Losses — is a term used in the insurance industry to describe the losses incurred by an insurance company by the payment of claims, the re evaluation of claims already in the company s books and any negative or positive changes in loss reserves in a… … Investment dictionary
cost incurred — index expenditure, expense (cost), overhead Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
obligation incurred — index cost (expenses) Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
