🔤 Admitted Asset ✨
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URDU
🅰️
Roman Urdu:
tasleem shuda azaasa, qanooni azaasa
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ENGLISH
📚noun
admitted asset
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PRONUNCIATION
Standard: /ədˈmɪtɪd ˈæsɛt/
Phonetic: /ud mit id ass et/
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DEFINITION
an asset of an insurance company or financial firm that is recognized by law and regulatory authorities as solvency capital
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EXAMPLE SENTENCES
Government bonds held by the firm were classified as an admitted asset.
Regulators evaluate an insurer's financial stability through its total admitted assets.
Non-liquid investments are often excluded from being counted as an admitted asset.
The audit report listed every admitted asset available to meet policyholder claims.
Cash equivalents constitute the most reliable form of admitted asset.
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SYNONYMS
liquid asset qualifying asset statutory asset
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ANTONYMS
non admitted asset unallowable asset
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