What does Schedule C mean? Read on to discover the definition & meaning of the term Schedule C - to help you better understand the language used in insurance policies.
A Schedule C is a tax form that self-employed people have to fill out when they are doing their taxes. This is how self-employed people report their earnings or their losses. In the context of insurance, self-employed people often report insurance costs on their schedule C forms in order to get deductions.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Schedule C. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: