An alien insurer is an insurance company from a country other than the United States that wants to sell insurance in the U.S. Even though the insurer is from a different country, it still has to follow the insurance rules and laws in each U.S. state where it does business. Why are they called “alien”…
Algorithmic trading, or algo trading, is when computers trade stocks, bonds, and other things in financial markets. Instead of a human stock trader deciding to buy or sell, a computer program does the trading. The computer follows a set of rules to make these choices. These rules are put into the computer as an algorithm….
An aleatory contract is a particular type of agreement. Both parties know precisely what they will give and get in a standard contract. However, in an aleatory contract, what people give or get depends on something uncertain that will happen in the future. Usually, this uncertain event is a matter of chance, like a coin…
An Aktiebolag, or AB for short, is a company in Sweden. It is the Swedish word for a limited company or corporation. Most companies in Sweden are Aktiebolags. What is an Aktiebolag? An Aktiebolag is its own “legal person.” This means it can own stuff, borrow money, hire people, and get sued separately from the…
An agreed-value policy is a special kind of car insurance people get. When you get this kind of policy, you and the insurance company say how much your vehicle is worth. You both “agree” on the “value,” so it is called an “agreed value” policy. How is agreed value different Most regular car insurance policies…
Line 6 has released version 3.80 of Helix Native and HX, and they strongly recommend that all Helix and HX users update to this new version. The update includes six new amps, four new cabs, one new effect, and several bug fixes. The new amps are based on famous models like the Fender Super Reverb,…
AudioThing made a new plugin with Hainbach. It’s called Arguments. The plugin copies the sound of test equipment. It can work in two ways. One way makes sound on its own. The other way changes the sound you give it. There are lots of choices to play with. You can pick from nine “arguments.” You…
Punk Labs recently released a new plugin called OneTrick Chonk. It works on Linux, macOS, and Windows systems and can be downloaded as an Audio Unit, CLAP, or VST3 plugin. OneTrick Chonk makes a classic electric bass sound, great for many types of music. The plugin uses digital waveguide synthesis, which mimics how a real…
Aggregate Stop Loss Insurance is a type of insurance coverage designed for employers who self-fund their employee health benefit plans. It safeguards against unexpectedly high total claims costs during a plan year. The insurance company reimburses the employer for the excess amount if the cumulative healthcare claims exceed a predetermined limit, known as the aggregate…
Aggregate indemnity is a term used in insurance. It is the most money an insurance company will pay for all the claims from one policy, usually during a set period, like a year. The word “aggregate” means the total sum or whole amount. “Indemnity” means protection against loss or damage by paying money. So, “aggregate…
