Glossary | Tomorrowmakers

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Occupational Hazard
Certain occupations expose the insured individual to higher than normal levels of physical danger owing to the nature of the job they are employed in. Such a risk to which the insured individuals are exposed to is known as occupational hazard.

Out of Pocket Expenses
Medical care costs incurred by you which will not be reimbursed by your insurance company.

Overdraft
It is a financial agreement with a bank or a financial institution wherein an individual is permitted to withdraw money exceeding the funds in his/ her account. There is limit set upon the extent of funds that can be withdrawn from the bank as a part of the overdraft facility once the individual's balance reaches zero.

Oversubscribed
An IPO is said to be oversubscribed in case the demand for the shares of the company is much greater than the number of shares being issued out to the public.

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