Cirrus cloudsSee Gallery of Clouds Below Clouds often indicate weather changes. The source of clouds is water that evaporates into the air. The water can come from oceans, lakes, and rivers. Plants also give off water vapor. Clouds form when water vapor cools and condenses. Condensed water droplets ride air currents as clouds. Water droplets
Cumulus clouds low in the sky and puffy Cumulus clouds commonly indicate fair weather. Cumulus clouds are often seen on bright summer days. Cumulus clouds are flat at the bottom and billowy above. They are formed by a mass of unstable air, usually air warmed at the ground that is rising. As the warm air
Cirrus clouds with fall streaks Cirrus clouds generally occur in fair weather, but they can also hearld the leading edge of a far-away storm or may mark the edge of a storm passing to the north. Cirrus clouds are transparent wispy curls or filaments of cloud floating high in the sky. They commonly point in
Stratus clouds Stratus clouds are dull, flat, heavy horizontal clouds that lay low in the sky. They are commonly gray but can be white. Stratus clouds often bring a drizzle or they can bring snow. The altitude of stratus clouds indicate how fast a storm is approaching. Low stratus clouds usually mean rain will begin
What Is an Advance Premium Fund? An advance premium fund exists when insurance companies who receive advance premiums must account for the unearned portion of these premiums as a separate liability item on their balance sheets. This item is commonly referred to as the advance premium fund or advance premium account. Once the premium is
DEFINITION of Advance Premium Mutual An advance premium mutual insurance company that assesses premiums in advance at an amount that does not change for a stated period of time. This is different from an assessment insurer which assesses policyholders their premiums based on actual loss and expense experience of the company. BREAKING DOWN Advance Premium
What Is an Advance Rate? An advance rate is the percentage of the value of the collateral that a lender is willing to extend as a loan. The advance rate helps a borrower determine what kind of collateral to bring to the table to secure the desired loan amount and helps minimize a lender’s loss exposure
What Is an Adverse Action? In finance, the term “adverse action” refers to a type of notice given by a lender when a borrower’s credit application has been denied. They are typically delivered within seven to 10 business days following the decision to deny the loan application, usually in writing, although they may be communicated
What Is an Adverse Credit History An adverse credit history is a track record of poor repayment history on one or more loans or credit cards. Adverse credit history will be reflected in a consumer’s credit report. It will lower their credit score and make it more difficult to get a loan or credit card
What is a Adversely Classified Asset An adversely classified asset is a type of loan classification in which the loan or other asset is considered, to some degree, to be impaired. It is an asset that is considered by bank examiners to be of substandard credit quality and whose full repayment of principal and accrued
