What Is Meant by the Term "Rollover

question 15

Short Answer

What is meant by the term "rollover"?

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Definitions:

Quarter's Profit

The net income or earnings generated by a company during a specific quarter of its fiscal year.

Partnership

An authorized commercial operation formed by two or more participants who equally handle management duties and share the profits.

Reinsure

A practice where an insurance company transfers a portion of potential risk to another insurer to reduce its overall liability.

Insurance Premium

The amount paid periodically to an insurance company by the policyholder for covering their risk.