e/VONB

Information
has gloss	eng: VONB (Value of New Business) is a term used by the insurance industry. It refers to the value created for the insurance company for each dollar of new business premium received, i.e. NB Premium received minus all costs, commissions and overheads involved in the newly issued insurance policy. This value is calculated as the Present value of Profits that accrue to the insurance company over the life time of the policy.
lexicalization	eng: VONB
instance of	c/Insurance terms