Declaration
Part of a property or liability insurance policy that states the name and address of policyholder, property insured, its location and description, the policy period, premiums and supplemental information. Referred to as the "dec page."
"Declaration" In Context
"JPMorgan Chase's (JPM) afternoon declaration that it will hike its quarterly dividend by 20% and approve a $15 billion stock buyback forced the Federal Reserve to release its stress test results after the close, up from a planned Thursday announcement." This Insurance Word is available for Sponsorship Sponsor this Definition Today.