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Definition of Incontestable Clause
This clause in regular life insurance policy provides for voiding the contract of insurance for up to two years from the date of issue of the coverage if the life insured has failed to disclose important information or if there has been a misrepresentation of a material fact which would have prevented the coverage from being issued in the first place. After the end of two years from issue, a misrepresentation of smoking habits or age can still void or change the policy.
clause causing repayment of a debt, if specified events occur or are not met.
A clause in a contract providing for increases or decreases in inflation based on
Such a clause on a Euro loan permits the borrower to switch from one currency to
A bond covenant that requires the borrower to grant lenders a lien equivalent to any
A provision in a bond indenture that restricts the issuer's future borrowing by
Generally, a suicide clause in a regular life insurance policy provides for voiding the contract of insurance if the life insured commits suicide within two years of the date of issue of the coverage.
Belief that an effort to keep unemployment below its natural rate results in an accelerating inflation.
inflation whose initial cause is cost increases rather than excess demand. See also demand-pull inflation.
inflation whose initial cause is excess demand rather than cost increases. See also cost-push inflation.
A reduction in the rate of inflation.
Extremely high inflation.
The rate at which the general level of prices for goods and services is rising.
Rate at which prices as a whole are increasing.
A sustained increase in the general price level. The inflation rate is the percentage rate of change in the price level.
Also called purchasing-power risk, the risk that changes in the real return the investor will
The loss in purchasing power due to inflation eroding the real value of financial assets such as cash.
The fact that future inflation rates are not known. It is a possible contributing factor to
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