MLchartDataset catalogue

Capital sum

Term · Insurance and risk management · MLC-T-INS-000678

A fixed amount of money paid out as a lump sum benefit under an insurance policy upon the occurrence of a specified event, such as accidental death or dismemberment. This payment is typically predetermined and does not vary based on actual expenses incurred. It provides immediate financial relief to the insured or beneficiaries.

Table 1. Record
IdentifierMLC-T-INS-000678
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000678",
  "term": "Capital sum",
  "field": "Insurance and risk management",
  "definition": "A fixed amount of money paid out as a lump sum benefit under an insurance policy upon the occurrence of a specified event, such as accidental death or dismemberment. This payment is typically predetermined and does not vary based on actual expenses incurred. It provides immediate financial relief to the insured or beneficiaries.",
  "url": "https://mlchart.com/terminology/insurance/capital-sum/"
}

Record 457 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.