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LSDefine

Simple English definitions for legal terms

deposit premium

Read a random definition: agreamentum

A quick definition of deposit premium:

Deposit premium: The first payment made by someone who wants to be insured. This payment is temporary and will be adjusted later when the final premium is calculated.

A more thorough explanation:

DEPOSIT PREMIUM

The deposit premium is the first payment made by an insured person while waiting for the final premium adjustment.

For example, if you purchase car insurance, you may be required to pay a deposit premium when you sign up for the policy. This deposit is usually a percentage of the total premium and is paid upfront. The insurance company will then adjust the final premium based on factors such as your driving record, age, and the type of car you drive. If the final premium is higher than the deposit premium, you will need to pay the difference. If it is lower, you will receive a refund.

Another example is if you purchase a life insurance policy. You may be required to pay a deposit premium when you sign up for the policy. The insurance company will then use this deposit to cover the initial costs of setting up the policy, such as medical exams and underwriting. The final premium will be adjusted based on factors such as your age, health, and lifestyle habits.

The deposit premium is the initial payment made by an insured person to secure an insurance policy. It is usually a percentage of the total premium and is paid upfront. The insurance company will then adjust the final premium based on various factors, such as the insured person's risk profile. The examples illustrate how the deposit premium works in different types of insurance policies and how it is used to cover initial costs and secure the policy.

Depository Trust Corporation | deposit ratio

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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