Accelerated Death Benefit Rider (ADB)
A rider added to a life insurance policy to protect the insured against financial loss in the event of a termina illness. An ADB makes living benefits payable to the insured for medical expenses prior to death. Accelerated (or living) benefits paid redu

Acceleration Clause
A loan provision that allows a lender, according to the terms of a mortgage or other loan contract, to entire unpaid balance of the loan (including principal and interest) due and payable if specified events of default should occur. Such conditions includ

Accidental Death Insurance
Insurance that provides coverage in the event of death due to accidental injuries, but not illness. In ti of death, payment is made to the insured?s beneficiary. If bodily injury occurs(e.g., the loss of a limb insured receives a sum specified by the cont

Accrued Benefit
Pension benefits earned (vested) based on years of service at a company and credited to the employee using= an actuarial method

Actual Cash Value
A common clause in property insurance contracts that determines the coverage amount based on the fair market value of an item at the time it was damaged, stolen, or destroyed