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.
On Friday morning (March 6), NASA's Dawn spacecraft will arrive at Ceres, becoming the first probe ever to orbit a dwarf planet. Ceres is the largest object in the asteroid belt between Mars and Jupiter, and the closest dwarf planet to Earth. Dawn is expected to provide a wealth of information about Ceres' evolution and composition.