Crop Weather index insurance: With this type of insurance, the indemnity is based on realizations of a specific weather parameter measured over a pre-specified period of time at a particular weather station or for a given satellite grid.
Definition of stock for English Language Learners. : 1  the supply of goods available for sale in a store. : 2  a supply of something that is available for use. : 3  a share of the value of a company which can be bought, sold, or traded as an investment.
Updated September 08, 2016. Definition: Common stocks are one form of a piece of ownership of a corporation. They are the type of stock that most people are thinking of when they use the term stock.. Since stocks are partial ownership of a corporation, they are also known as shares.. Common stocks allow stockholders to vote on corporate issues, such as the board of directors and accepting takeover bids.