Compensatory Damages

Compensatory Damages

What is ‘Compensatory Damages’ Compensatory damages is money awarded to a plaintiff to compensate for damages, injury, or another incurred loss. Compensatory damages are awarded in civil court cases where loss has occurred as a result of the negligence or...
Underwriting Expenses

Underwriting Expenses

What is ‘Underwriting Expenses’ Underwriting expenses are costs and expenditures associated with underwriting activity. Underwriting expenses include a wide range of expenditures, and the exact definition differs for insurers and investment banks. As a...
Long-Term Care (LTC) Insurance

Long-Term Care (LTC) Insurance

What is ‘Long-Term Care (LTC) Insurance’ Long-term care (LTC) insurance is coverage that provides nursing-home care, home-health care, personal or adult day care for individuals above the age of 65 or with a chronic or disabling condition that needs...
Rule 10b-6

Rule 10b-6

What is ‘Rule 10b-6’ Rule 10b-6 is a rule set forth by the Securities and Exchange Commission (SEC) that prohibits the purchase of stock by an issuer when the stock has not completed distribution. Rule 10b-6 is designed to prevent issuers from tampering...