Business Glossary

Business Definition for: cover

Dictionary of Finance and Investment Terms

cover

to buy back contracts previously sold; said of an investor who has sold stock or commodities short.
in corporate finance, to meet fixed annual charges on bonds, leases, and other obligations, out of earnings.
amount of net-asset value underlying a bond or equity security. Coverage is an important aspect of a bond's safety rating.

Dictionary of Banking Terms

cover

taking assignment of collateral as protection against borrower default. Synonymous with security. Also, allocating a part of net income against possible bad debt losses.
to offset an account withdrawal by making a deposit .
purchase of currency or financial futures to offset or close a previously taken position. A short cover involves buying against contracts expiring in the same delivery month.
buying back securities previously sold in a short sale
in corporate finance, ability of a corporation to service its debt obligations out of earnings.
in underwriting , the second highest bid in competitive bidding for a bond issue, called the covering bid.

Dictionary of Business Terms

cover

to buy back contracts previously sold; said of an investor who has sold stock or commodities short.
in corporate finance, to meet fixed annual charges on bonds, leases, and other obligations out of earnings.
amount of net-asset value underlying a bond or equity security. Coverage is an important aspect of a bond's safety rating. See also debt coverage ratio .

Dictionary of Insurance Terms

cover

to place insurance in force on an individual. individuals, or an organization.

Related Terms:

coverage of hazard

coverage, peril

contract

in general, agreement by which rights or acts are exchanged for lawful consideration. To be valid, it must be entered into by competent parties, must cover a legal and moral transaction, must possess mutuality, and must represent a meeting of minds. Countless transactions in finance and investments are covered by contracts.

coverage, individual

covered expenses

in health insurance, reimbursement for an insured's medically related expenses, including room and board, surgery, medicines, anesthetics, ambulance service to and from a hospital, operating room expenses, X-ray, and fluoroscope.
in business interruption insurance, reimbursement of an insured for loss if a business cannot operate, including payroll expense and taxes.
in extra expense insurance, reimbursement of an insured for extra expenditures made to keep a business operating even under emergency conditions.

coverage, location

coverage, property

Referring Terms:

covering short

Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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Business Glossary

Business Definition for: cover

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