That portion of a policy's premium that applies to the expired portion of the policy. Although insurance premiums are often paid in advance, insurers typically earn the premium at an even rate throughout the policy term. More Risk Finance and Captives Information from IRMI.
Explorer 1 became the first successfully launched satellite by the United States when it was sent to space on January 31, 1958. A quick response to the Soviet Union's launch of Sputnik 1, Explorer 1's success marked the beginning of the U.S. Space Age.
The Moon was the first extraterrestrial target for space missions. Probes have been directed towards it since almost the very dawn of the space age (see below), and it was the main focus of the 1960s-1970s 'space race' between the USA and the then Soviet Union.