Meaning

RIF stands for Reduction in Force.It is a business and HR term used to describe the permanent or temporary elimination of positions within a company, usually due to financial constraints,…

In stocks and investing, DRIP stands for “Dividend Reinvestment Plan.” It is a program that allows investors to automatically reinvest the dividends they earn from a stock into purchasing more…

In banking, “posted” refers to a transaction that has been fully processed and officially recorded in your account. Once a transaction is posted, the amount is reflected in your available…

In real estate, PUD stands for Planned Unit Development. It refers to a type of property development where individual homes, townhouses, or condos are grouped together in a planned community…

In real estate, GLA stands for Gross Leasable Area. It refers to the total floor area of a property that is available to be rented or leased to tenants, typically…

CRM stands for Customer Relationship Management.In real estate, it refers to software and systems that help agents and companies manage interactions with clients, leads, and contacts to improve relationships, sales,…

Cash value in life insurance is the savings component of certain permanent life insurance policies that grows over time and can be accessed by the policyholder during their lifetime. It…

Underwriting in insurance is the process insurers use to evaluate risk before approving a policy. It involves reviewing an applicant’s information to decide whether to provide coverage, what terms to…

In Florida, “no fault” refers to the state’s auto insurance system, which requires drivers to carry Personal Injury Protection (PIP) insurance. Under this system, your own insurance pays for your…

In court and legal contexts, revocation means the official cancellation, withdrawal, or taking back of a legal right, order, privilege, or agreement by a court or legal authority. Legal words…