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What Is the Term for the Amount of Money That

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What is the term for the amount of money that must be paid each year for services before the insurance company begins to pick up the payments?


Definitions:

Elimination

In accounting, refers to the removal of intercompany transactions to avoid double counting when consolidating financial statements.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its tangible and identifiable intangible assets.

Fair Value

The price that would be received for selling an asset or paid for transferring a liability in an orderly transaction between market participants at the measurement date.

Straight Line Amortization

A method of allocating the cost of an intangible asset evenly over its useful life.

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