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T.R.A.C. Report

This report provides an eight point analysis of the financial strengths of private insurance companies and is available on a subscription basis.

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Tangible

Real, having physical form.

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Tangible Property

All physical property, both real and personal.

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Tangible Property

Property which may be felt or touched, either real or personal.

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Tangible Ratio

The tangible ratio is a measure of efficiency in the employment of tangible owner’s equity in the operations of a brokerage.

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Tariff

(a) Minimum rate made and published by a recognized rating bureau. (b) Public document outlining services of a common carrier being offered, rates, regulations, etc. relating to those services.

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Tax Lien

A government lien on real estate which may be foreclosed when taxes are not paid.

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Taxable

Legally assessable.

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Technical Battery

When a health professional during the course of treatment exceeds the consent given by a patient.

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Tempest

A violent storm.