Define stated amount
WebStated Capital. Generally, an amount equal to the cash consideration (or equivalent fair value of property or past services) received by a corporation in exchange for the issue of shares. Stated capital is determined on a per class basis (or a per series basis if the corporation has issued two or more series of the same class of shares). WebMay 3, 2024 · The face amount is the value stated on the face of a financial instrument. The term usually applies to the amount stated on a bond certificate, which the issuer is obligated to pay when the bond matures. This face amount is usually set at $1,000. A bond can sell at a discount or premium to its face amount, depending on the interest rate that …
Define stated amount
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WebCite. Stated Amount means the amount available to be drawn by a beneficiary under a Letter of Credit from time to time, as such amount may be increased or reduced from … WebJul 24, 2024 · Stated Value: A stated value is a value that, instead of being par value, is assigned to a corporation's stock for accounting purposes. Stated value has no relation …
WebMost related words/phrases with sentence examples define Amount stated meaning and usage. ... Related terms for amount stated- synonyms, antonyms and sentences with …
WebThe amount is the cash value stated in the policy, minus a surrender charge, any outstanding loans and interest on those loans. ... The definition of a disability can vary from one life insurance company to another, and policies can vary based on when and for how long they will waive a premium in the event of a disability. Adding a disability ... WebApr 3, 2024 · Agreed Amount Clause: A property insurance provision in which the insurer agrees to waive the co-insurance requirement. To obtain an agreed amount clause, insurers require a statement of property ...
WebAdditional Information. Insurers usually require a statement of property values signed by the insured as a condition of activating or including an agreed value provision in a commercial property policy. It was previously referred to as an agreed amount clause.
WebThe stated amount of an antique or classic car is a bit more complex as there is a capped amount that will be paid based on the price of repairs, actual cash value at the time of … british pain society outcome measures 2019WebAmount definition, the sum total of two or more quantities or sums; aggregate. See more. capes minecraft download javaWebMay 4, 2024 · Stated value insurance is a type of coverage for collectible items that will cover the stated value or actual cash value at the time of total loss, whichever is lower. It … cape snag tv tropesWebApr 5, 2024 · noun. stat· ed value. : the value assigned in a corporation's books to stock and especially to no-par value stock. Note: Stated value is sometimes based on the actual amount received when stock is issued, but it can also be an arbitrarily low value. It has no relation to the market value of the stock. cape softlineWebDefinition of Overstated. When an accountant uses the term overstated, it means two things: The reported amount is incorrect, and. The reported amount is more than the true or correct amount. In a double-entry accounting or bookkeeping system, another account will also have an incorrect amount. cape sleeves on indian lehengaStated amount coverage is typically provided when the value of the insured vehicle is difficult to establish. Trucks (particularly older models) are often covered in this manner. Antique autos are also covered on a stated amount basis under a commercial auto policy. A vehicle is covered on a stated amount … See more You own Paramount Produce, a wholesale supplier of fruits and vegetables. You have just purchased a large truck that you intend to use for … See more As a method for valuing property, stated amount differs substantially from agreed value. When property is valued on an agreed value basis, … See more As mentioned above, the value you assign to your vehicle becomes the limit of insurance in the Stated Amount Endorsement. Yet, … See more The Limit of Insurance listed in the Stated Amount Endorsement is primarily used for rating purposes. Ordinarily, premiums charged for physical … See more cape sociology past papersWebJul 20, 2024 · If a storm or fire causes damage to a home, the homeowner will claim with his insurance provider. A claims adjuster arrives to evaluate the damaged property. Later, the insurance company verifies the lost amount. However, the insurer informs the policyholder that a coinsurance fee will reduce the claim amount. british pain society website