Situational variables are characteristics of the environment in which the experiment is being conducted which may have an effect on the results. The nature of these variables is very much dependent on the nature of the experiment but temperature, time and humidity could all be situational variables.
hospital income insurance. Insurance that provides an income while the insured is in the hospital. This type of policy pays out on a weekly or monthly basis. The benefit paid out can be used to pay hospital expenses or for whatever purpose the insured chooses.
DEFINITION of 'Income Bond'. A type of debt security in which only the face value of the bond is promised to be paid to the investor, with any coupon payments being paid only if the issuing company has enough earnings to pay for the coupon payment.Next Up. type of debt security in which only the face value of the bond is promised to be paid to the investor, with any coupon payments being paid only if the issuing company has enough earnings to pay for the coupon payment. Next Up.