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• Tax Basis:
  Money which has yet to be taxed.

• Tenants Improvements and Betterment's:
  The property affixed to an owner's building by the lessee or tenant which may not be legally removed when the tenant leaves.

• Term:
  A period of time a policy or bond is issued.

• Term Insurance:
  Life insurance payable to a beneficiary only when an insured dies within a specified period, (5, 10, 15, or 20 years). This is the quickest way to "build" an estate.

• Testamentary Trust:
  A trust created after the grantor's death, according to the provisions of the the will of its creator.

• Third Party Insurance:
  The claimant under a liability policy. This person making the claim is not one of the other two parties, the insured and insurer.

• Threshold Level:
  The point, measured in money, time, or other ways, which tort liability can be established.

• Time Limit on Certain Defenses:
  The time period in health policies after which the insurer cannot deny a claim or void the policy because of pre-existing conditions or misstatements on the application.

• Tort:
  A private wrong, other than a breach of contract, for which a court of law will afford legal relief.

• Travel Accident Insurance:
  A limited insurance contract covering only accidents while an insured person is traveling.

• Trust:
  A legal instrument allowing one party to control property for the benefit of another.

• Turnover Rate:
  Rate at which employees terminate covered service other than by death or retirement.

• Twisting:
  The act of inducing by misrepresentation, or inaccurate or incomplete comparison, a policyholder in one company to lapse, forfeit or surrender his insurance for the purpose of taking out a policy from another company.

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