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Definition of Claimant
A party to an explicit or implicit contract.
Person or party making request for payment of benefits under the terms of an insurance policy.
A reduction in the likelihood one or more of the firm's claimants will be fully repaid,
Historically, damages paid out during settlement of personal physical injury cases were distributed in the form of a lump-sum cash payment to the plaintiff. This windfall was intended to provide for a lifetime of medical and income needs. The claimant or his/her family was then forced into the position of becoming the manager of a large sum of money.
Conditional payments may be made by an insurance company to a disability insurance claimant who has a loss of income claim against a third party who caused or contributed to their disability, however, the insurance company has a right to seek reimbursement of any payments they made to the claimant either from the third party or from any judgement or settlement received by the claimant from the third party.
A clause in a shareholders agreement preventing a company from issuing additional shares, without allowing the current shareholders the opportunity to participate in the offering to avoid dilution of their percentage ownership.
Request for payment of benefits under the terms of an insurance policy.
A claim that can be made only if one or more specified outcomes occur.
Diminution in the proportion of income to which each share is entitled.
An auditor's statement disclaiming any opinion regarding the company's financial
Also called a residual claim, a claim to a share of earnings after debt obligation have been
claims that can be bought and sold in financial markets, such as those of stockholders and
claims that cannot be easily bought and sold in the financial markets, such as those of
to that of common stock. Preferred stock typically does not carry the right to vote.
Related: equity claim
Net pay not collected by an employee, which is typically transferred
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