What is Dự phòng tổn thất?
In this glossary, Dự phòng tổn thất refers to: A liability on an insurer’s balance sheet representing funds set aside to pay claims that have been incurred but not yet settled, including claims reported and IBNR (incurred but not reported).
How is Dự phòng tổn thất used in finance?
In finance communication, this term appears in contexts such as: "Các công ty bảo hiểm phải duy trì dự phòng tổn thất đầy đủ để đảm bảo đủ quỹ chi trả các khiếu nại chưa giải quyết và tuân thủ quy định."
Why does Dự phòng tổn thất matter in finance?
Dự phòng tổn thất matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Who uses Dự phòng tổn thất?
Dự phòng tổn thất is mainly used by Financial Analysts, Bankers, and Traders.
What category does Dự phòng tổn thất belong to?
In this glossary, Dự phòng tổn thất is grouped under Insurance. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.