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What do you mean by sub standard?
: deviating from or falling short of a standard or norm: such as. a : of a quality lower than that prescribed by law substandard housing. b : conforming to a pattern of linguistic usage existing within a speech community but not that of the prestige group in that community.
What is standard and substandard?
A standard is a quality by which something is judged, and sub can mean “under” like a submarine that goes under water. So things that are substandard fall below most people’s standards — they’re deficient in some way. A computer that stops working after two weeks is substandard. A car with faulty brakes is substandard.
What is substandard rating in life insurance?
Substandard insurance is for individuals that pose a higher risk of filing a claim. Higher risk insureds include those that have poor physical health or poor driving records, among other things. Hazardous jobs and dangerous hobbies can also trigger a substandard insurance rating.
What does substandard risk mean in insurance?
Person who is considered an under-average or impaired insurance risk because of physical conditions family or personal history of disease, occupation, residence in unhealthy climate or dangerous habits.
What is sub standard loan?
Substandard Loan means any Commercial Loan that is either not complying or had previously not complied with its contractual terms and has other credit weaknesses which may make payment default or principal exposure likely but not yet certain.
What is sub standard writing?
noting or pertaining to a dialect or variety of a language or a feature of usage that is often considered by others to mark its user as uneducated; nonstandard. pertaining to insurance written to cover substandard risks.
What is a substandard condition?
adjective. below standard or less than adequate: substandard housing conditions. noting or pertaining to a dialect or variety of a language or a feature of usage that is often considered by others to mark its user as uneducated; nonstandard.
Is slang always substandard?
While many forms of lexicon may be considered low-register or “sub-standard”, slang remains distinct from colloquial and jargon terms because of its specific social contexts. Words such as “spurious” and “strenuous” were once perceived as slang, though they are now considered general, even high-register words.
What is rated policy?
Rated Policy — a life insurance policy that is issued at a premium rate higher than standard to cover an individual classified as a substandard risk. A rated policy may also contain special limitations and exclusions. Also known as a rate up policy.
What are the classes of risk?
Any action or activity that leads to loss of any type can be termed as risk. There are different types of risks that a firm might face and needs to overcome. Widely, risks can be classified into three types: Business Risk, Non-Business Risk, and Financial Risk.
What does it mean to have substandard life insurance?
– Definition from Insuranceopedia Definition – What does Substandard Life Insurance mean? Substandard life insurance refers to a type of life insurance issued to individuals considered uninsurable at standard rates due to their below standard physical condition; medical history of serious illness, such as heart disease; or other similar factors.
What does it mean to be a substandard person?
In the nineteenth century the main thrust of standardising practices in life insurance was prohibitive: to exclude substandard applicants from insurance policies. Today, it is difficult to find older people who live in substandard housing, or without a telephone, for example.
What does it mean to live in substandard housing?
Residents in general are poor and undereducated, and live in substandard housing. COBUILD Advanced English Dictionary. Copyright © HarperCollins Publishers Collins! Collins! 1. Collins English Dictionary. Copyright © HarperCollins Publishers a. b. Linguistics Webster’s New World College Dictionary, 4th Edition.
What is the dictionary definition of substandard pronunciation?
Define substandard. substandard synonyms, substandard pronunciation, substandard translation, English dictionary definition of substandard. adj. 1. Failing to meet a standard; below standard. 2. Linguistics a. Of, relating to, or indicating a pattern of linguistic usage that does not conform to…