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.
A ânon-exemptâ policy is subject to taxation on the growth in cash value in excess of the growth in adjusted cost. basis (ACB) of the policy (âaccrued incomeâ) from the last reporting date to the date of death. Adjusted cost basis (ACB) The cost of an insurance policy for tax purposes is the Adjusted Cost Basis (ACB).