Negative reserve definition
Negative reserve means a negative terminal reserve value due to the values of the benefits decreasing with advancing age or duration.
Negative reserve means the terminal reserve where the values of the benefits are decreasing with advancing age or duration such that it results in a negative value, called a negative reserve. Normally the terminal reserve is a positive value.
Negative reserve means a negative terminal reserve value. Negative reserves occur when the present value of future benefits is less than the present value of future valuation net premiums.
More Definitions of Negative reserve
Negative reserve means a terminal reserve that has a value of less than zero resulting from benefits that decrease with advancing age or duration.
Negative reserve means the value of the terminal reserve when it is a negative value. Normally the terminal reserve is a positive value. However, if the values of the benefits are decreasing with advancing age or duration it could be a negative value, called a negative reserve.
Negative reserve means a negative value of the terminal reserve, which occurs when the values of the benefits are decreasing with advancing age or duration.
Negative reserve means an inventory reserve of Four Hundred Eighty Thousand Three Hundred Forty Six Dollars ($480,346).
Negative reserve means the value of the terminal reserve when it is a negative