| sap |
More conservative standards than under GAAP accounting rules, it is imposed by state laws that emphasize the present solvency of insurance companies. SAP helps ensure that the company will have sufficient funds readily available to meet all anticipated insurance obligations. This method requires that selling expenses be recorded immediately, rather than amortized over the life of the policy. (See GAAP accounting)
Ãâó: www.apmc.us/IndustryGlossary
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| sap |
Statutorily mandated accounting principles and practices that must be followed when an insurance company submits its annual financial statement to the department of insurance. In contrast to Generally Accepted Accounting Principles (GAAP) which are followed by most other businesses.
Ãâó: www.imms.com/insglos/Sgloss.htm
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| saprophyte |
A plant, a fungus, or micro-organism that lives on dead or decaying organic matter.
Ãâó: maria.fremlin.de/stagbeetles/glossary.html
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| sap |
A means of providing a second audio channel, for such purposes as stereophonic sound or bilingual audio tracks, on a TV broadcast channel.
Ãâó: www.hometheatertalk.com/Glossary/Glossary2/glossar...
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| sap |
) - A student eligibility criterion. In order to receive Title IV funds, students must be moving toward a definite educational goal at a reasonable rate according to the school's satisfactory progress policy. Also, an institutional eligibility criterion that requires schools to establish, publish and apply a satisfactory progress policy that meets the regulatory parameters.
Ãâó: saas.byu.edu/depts/finaid/gloss.aspx
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